Category: Oil News

Natural Gas News, Oil News

Futures Prices Point to Spike in U.S. Natural Gas Prices in 2025

Futures Prices Point to Spike in U.S. Natural Gas Prices in 2025 The benchmark natural gas prices in the United States could be set for a jump next year, according to the futures curve of the Henry Hub contract. The forward strip of the Henry Hub futures prices suggests that U.S. natural gas prices could average $3.20 per million British thermal units (MMBtu) next year, according to LSEG data reported by Reuters columnist Gavin Maguire. This would compare to an average price of… Read More »

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Oil News

The World’s 5 Largest Oilfields and Their Impact

The World’s 5 Largest Oilfields and Their Impact By Michael Kern – Aug 19, 2024, 5:00 AM CDT The Ghawar Field in Saudi Arabia is the largest oilfield in the world, with an estimated 170 billion barrels of original oil in place. The Burgan Field in Kuwait, the Ahvaz Field in Iran, the Upper Zakum Oil Field in Abu Dhabi, and the Safaniya Oil Field in Saudi Arabia are also among the largest oilfields ever discovered. These massive oilfields have played… Read More »

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Electric Power News, Oil News

China’s Solar Output is Surging but Coal is Still King

China’s Solar Output is Surging but Coal is Still King Coal currently accounts for almost two-thirds of China’s power generation. Kemp: In July 2024, Solar and hydro reached record output in China. Coal, it seems, will remain king in China’s energy mix for the observable future. China recently recorded record electricity consumption that was largely met by equally record production of hydropower and solar. Yet coal remained the country’s dominant source of electricity. Giving that up would be one… Read More »

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