#liquified petroleum gas

[market-insider]

Europe Dominated The Global Liquified Petroleum Gas (LPG) Tanker Market

The global LPG tanker market size is expected to reach USD 286.48 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Strong growth in shale gas production is likely to propel the market growth over the coming years. The volatility of crude oil prices coupled with developments in hydraulic fracturing and horizontal drilling methods resulted in major companies shifting their attention towards the production of oil and gas from shale rock. Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period. The Very Large Gas Carriers (VLGC) segment led the market in 2021. However, the Large Gas Carrier (LGC) is anticipated to take over the forecast period by a small margin. Very large gas carriers are widely used for the transportation of liquefied petroleum gas (LPG) for longer distances across various countries. Growing liquefied petroleum gas trade relationships between various regions, such as the Middle East and Asian countries, Western Africa and Europe, and the United States, is the major factor projected to boost the VLGC segment growth. The full-pressurized segment led the market in 2021 and will maintain its lead throughout the forecast period. The market is anticipated to have a steady growth in all segments as the amount of LPG transported increases.

Gain deeper insights on the market and receive your free copy with TOC now @:

LPG Tanker Market Report The supply chain of the LPG and ancillary industries was affected due to the shutdown of production facilities, especially in Asia Pacific, as it was the epicenter of the COVID-19. The manufacturing and energy & power sectors globally experienced a considerable slowdown due to the COVID-19. In addition, local and international travel restrictions, quarantine requirements, and lockdowns further delayed shipments of LPG that were in process of being delivered. The market growth is determined by improved LPG trading around the globe. Shale gas extraction is likely to rise at a rapid pace, which will drive growth over the forecast years. Factors including capacity expansion of shale gas from untapped stocks enhanced global gas trade, and ongoing usage of liquefied petroleum gas as a cooking fuel is contributing to the development of the market for liquefied petroleum gas tankers.

[kifegikes]

Gaz de pétrole liquéfié pdf

[39dreams]

Nigeria's Economy Receives Boost As Oil Price Rises

Nigeria’s Economy Receives Boost As Oil Price Rises

Experts & Analyst have predicted an increase in Nigeria’s economy as the price of crude oil rises. Due to rising demand and the global fallout of the Russian invasion of Ukraine, Oil prices have almost all time – high this year, therefore rising the hope for a better economy for the country. The price of oil has hovered around $100 since the beginning of the year and as at this week stands…

[antidrumpfs]

Fox News personalities have falsely claimed throughout the Biden administration that President Joe Biden’s policies are making the U.S. “energy dependent” on foreign countries — particularly when it comes to oil — and that the administration is cutting production of energy. But these debunked political attacks are undermined by the real data: The U.S. is producing more energy than ever before; the U.S. is a net exporter of oil and producing more petroleum than at any time in our history; oil imports are lower now than they were during every year of the Trump administration prior to the COVID-19 pandemic; and the U.S. recently became the world's largest exporter of liquified natural gas.

[cmesinic]

The gloves are off! Biden is messing with Manchin’s personal wealth! Gas, Coal, and Petroleum.

[notwiselybuttoowell]

Should Qatar exploit all of its oil and gas reserves it will eventually add an enormous 50bn metric tons of carbon dioxide to the atmosphere once burned, which is more than the entire annual emissions of the whole world, the new research, shared with the Guardian, has found.

This vast output of emissions will in itself push the world beyond the internationally agreed limit of 1.5C of global heating beyond industrial times, beyond which scientists warn there will be increasingly disastrous impacts from heatwaves, droughts, floods and biodiversity die-offs.

QatarEnergy, the state-owned petroleum operation that is overseeing a huge escalation in the country’s oil and gas output, is a sponsor of the World Cup currently under way in Qatar.

Fifa, which has been accused of falsely claiming the World Cup will be carbon neutral, has featured QatarEnergy in sponsorship slots in stadiums and online even as the global football body launched a campaign called #SavethePlanet in which it warned the climate crisis “threatens the essential ingredients of good health” and causes “increasing destructiveness of extreme weather events”.

Qatar’s vast oil and gas resources have greatly enriched the small Middle Eastern country, which this year became the world’s largest exporter of liquified natural gas (or LNG), superseding the US and Australia.

It is now looking to further cement its position by ramping up production from a vast offshore gas deposit called the north field, which will account for 70% of the emissions growth according to the new report by BankTrack, an NGO that used data from BP to ascertain the extent of Qatar’s “carbon bomb” projects.

The emissions from Qatar’s oil and gas resources will cause $20tn in damages and 11m deaths around the world, BankTrack said, citing calculations based upon recent research looking at the economic and mortal cost of fossil fuels.

QatarEnergy has signed recent partnership deals with western oil giants including Shell, Total, ConocoPhilips, Exxon and Eni in order to boost output of the north field by 60% over the next five years. Separate deals have been struck in the past month with Germany and China to provide the countries with gas amid concerns over supplies disrupted by Russia’s invasion of Ukraine.

[chemanalystdata]

Liquefied Petroleum Gas Prices, Price, Trend, Supply & Demand and Forecast | ChemAnalyst

Liquefied Petroleum Gas (LPG) prices fluctuate in response to various factors, reflecting the intricate interplay of supply, demand, and geopolitical influences. As a versatile energy source utilized for heating, cooking, transportation, and industrial purposes, LPG holds significant importance in both developed and emerging economies. Understanding the nuances of LPG pricing requires a closer examination of the key determinants shaping its market dynamics.

Supply and demand dynamics play a pivotal role in determining LPG prices. The global production of LPG primarily stems from natural gas processing and crude oil refining. Any disruptions or fluctuations in these processes can directly impact supply levels, thereby influencing prices. Additionally, seasonal variations in demand, particularly during winter months when LPG consumption for heating purposes surges, exert pressure on prices. As such, market participants closely monitor inventory levels and production capacities to gauge supply-demand imbalances and anticipate price movements.

Geopolitical factors also exert a considerable influence on LPG prices. Given the global nature of LPG trade, geopolitical tensions, conflicts, and regulatory changes in major producing or consuming regions can disrupt supply chains and trigger price volatility. For instance, geopolitical instability in oil-producing regions such as the Middle East or policy decisions affecting LPG exports from major producers like the United States can have far-reaching implications on prices. Moreover, trade agreements, sanctions, and geopolitical alliances can either facilitate or impede the flow of LPG, thereby impacting prices in interconnected global markets.

Get Real Time Prices of Liquefied Petroleum Gas (LPG): https://www.chemanalyst.com/Pricing-data/liquified-petroleum-gas-lpg-16

The pricing mechanism of LPG is also intricately linked to crude oil prices. LPG is often derived as a byproduct of crude oil refining, and thus, its prices tend to move in tandem with crude oil benchmarks such as Brent or West Texas Intermediate (WTI). Fluctuations in crude oil prices, driven by factors like OPEC decisions, global demand outlook, and macroeconomic trends, exert indirect pressure on LPG prices. Furthermore, the correlation between crude oil and LPG prices underscores the importance of monitoring broader energy market dynamics to anticipate future price trends accurately.

Domestic policies and regulations play a significant role in shaping LPG prices within specific countries or regions. Governments often intervene in the pricing mechanism through subsidies, taxation, and price controls to mitigate the impact of price volatility on consumers or to achieve broader policy objectives such as promoting energy efficiency or reducing emissions. Consequently, variations in regulatory frameworks and government interventions can introduce additional layers of complexity to LPG pricing dynamics, influencing both domestic and international markets.

Environmental considerations also influence LPG prices, particularly in the context of climate change mitigation efforts. As governments worldwide commit to reducing greenhouse gas emissions and transitioning towards cleaner energy sources, the demand for LPG, perceived as a relatively cleaner-burning fossil fuel compared to coal or oil, may experience fluctuations. Additionally, policies promoting renewable energy alternatives and electrification initiatives in transportation and heating sectors could potentially alter the demand outlook for LPG, thereby impacting its prices over the long term.

Technological advancements and innovations in LPG production, storage, and distribution infrastructure also shape pricing dynamics. Improvements in extraction techniques, such as hydraulic fracturing (fracking), have expanded the supply potential of LPG, contributing to market oversupply or driving down production costs. Similarly, advancements in liquefaction, transportation, and storage technologies have enhanced the efficiency and flexibility of LPG trade, influencing pricing patterns by reducing logistical constraints and enhancing market liquidity.

In conclusion, Liquefied Petroleum Gas (LPG) prices are subject to a myriad of factors encompassing supply-demand fundamentals, geopolitical developments, crude oil dynamics, regulatory frameworks, environmental considerations, and technological advancements. The complex interplay of these factors underscores the dynamic nature of LPG markets, necessitating a comprehensive understanding of the underlying drivers to navigate price fluctuations effectively. As LPG continues to play a pivotal role in meeting energy needs across diverse sectors, monitoring and analyzing these factors remain crucial for stakeholders seeking to make informed decisions in the global energy landscape.

Get Real Time Prices of Liquefied Petroleum Gas (LPG): https://www.chemanalyst.com/Pricing-data/liquified-petroleum-gas-lpg-16

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[fastweld]

gas contractor puchong

Title: Trusted Gas Contractor Services in Malaysia | Fastweld

When it comes to gas-related projects in Malaysia, finding a reliable and certified contractor is paramount to ensure safety, compliance, and quality workmanship. At Fastweld, we take pride in being a trusted name in the industry, providing expert gas contractor services across Malaysia. With our commitment to excellence and adherence to strict safety standards, you can trust us to deliver reliable and efficient solutions for all your gas pipeline and installation needs.

Certified Gas Contractor Services

Fastweld is a certified gas contractor in Malaysia, authorized to undertake a wide range of gas-related projects, including gas pipeline installation, maintenance, and repair. Our team of experienced professionals is trained and certified to handle gas systems of all sizes and complexities, ensuring compliance with regulatory requirements and industry standards.

Whether you're in Puchong, Skudai, or anywhere else in Malaysia, you can rely on Fastweld to provide comprehensive gas contractor services tailored to your specific needs. From initial consultation and design to installation and ongoing maintenance, we'll work closely with you every step of the way to ensure your project is completed safely, efficiently, and on time.

Expertise in Gas Pipeline Installation

As experienced gas pipeline contractors, we understand the unique challenges involved in installing and maintaining gas pipelines. Whether you're building a new gas distribution network or upgrading existing infrastructure, Fastweld has the expertise and resources to handle projects of any scale or complexity.

Our team utilizes the latest technologies and industry best practices to ensure the integrity and reliability of your gas pipeline system. We conduct thorough site assessments, feasibility studies, and risk assessments to identify potential hazards and mitigate risks before they escalate. With Fastweld as your gas pipeline contractor, you can have peace of mind knowing that your project is in capable hands.

Commitment to Safety and Compliance

At Fastweld, safety is our top priority. We adhere to stringent safety protocols and procedures to ensure the well-being of our workers, clients, and the surrounding community. Our team undergoes regular training and certification to stay updated on the latest safety standards and regulations governing gas-related work.

We also prioritize compliance with all relevant regulations and guidelines set forth by regulatory authorities in Malaysia. From obtaining necessary permits and approvals to conducting thorough inspections and testing, we ensure that your gas project meets all legal requirements and industry standards.

Conclusion

When it comes to gas contractor services in Malaysia, Fastweld is the name you can trust. With our certified expertise, commitment to safety, and dedication to quality, we're here to help you achieve your gas-related goals safely, efficiently, and cost-effectively.

Contact us today to learn more about our gas contractor services and how we can assist with your next project. Whether you're in Puchong, Skudai, or anywhere else in Malaysia, Fastweld is your reliable partner for all your gas pipeline and installation needs.

Our Services

Gas Pipeline Engineering

Gas Supply

Liquified Natural Gas (LNG)

Liquified Petroleum Gas (LPG)

Tiny Bulk Tank (C200)

C50 kg Cylinder

C 12 & 14 kg Cylinder

Visit for more Information: https://www.fastweld.com.my/our-services/

[researchrealmblog]

Why will Demand for Charcoal Briquettes Surge in South Africa in Coming Years?

The rich tradition of barbecue food is one of the main factors responsible for the growing sales of charcoal briquettes in South Africa. The people residing in this country love preparing barbecue food items on their own. During get togethers, parties, and other occasions, people like preparing barbecued food items, especially during the summers. Because of this tradition, the requirement for barbecue fuel such as charcoal briquettes is always high in the country.

Furthermore, charcoal briquettes are extensively used by the locals for daily cooking applications. Moreover, charcoal briquettes are widely preferred in the country over the conventionally used gas grills, on account of the fact that these briquettes not only provide a smoky flavor but also add a caramelized exterior to the food items, thereby making the dishes delectable. Additionally, barbecuing doesn’t require huge amounts of fat such as oil and butter and therefore, barbecued food is considered very healthy.

Moreover, the country is one of the most favorite destinations for international tourists in the African continent. As per reports, as many as 10.4 million international travelers generated nearly $6.0 billion revenue from tourism activities in the country in 2019. Therefore, it can be said that the charcoal briquettes are not only used by the locals but they are also hugely popular among travelers, especially those wanting to try barbecue foods.

Apart from the aforementioned factors, the reducing prices of the charcoal briquettes are also positively impacting the growth of the South African charcoal briquettes market. People living and working there prefer these materials for cooking over other cooking fuels such as kerosene and liquified petroleum gas (LPG), because of their lower prices. As charcoal briquettes are made using various leftover materials (leftover powder after charcoal production), they cost lesser and are more affordable than the traditionally used cooking fuels.

Due to the above-mentioned factors, the sales of charcoal briquettes are rising rapidly, which is driving the advancement of the South African charcoal briquettes market. The market value is predicted to grow from $136.0 million in 2019 to $286.7 million by 2030. Furthermore, the market will progress at a CAGR of 8.8% between 2020 and 2030, as per the estimates of the market research company, P&S Intelligence. Depending on application, the market is divided into metallurgical fuel, barbecue, and industrial.

Out of these, the barbecue category recorded the highest growth in the South African charcoal briquettes market in the past and this trend is likely to continue in the forthcoming years as well, primarily because of the surging tourism activities and the increasing number of international travelers in the country. Tourists come here for experiencing the country’s rich culture, soul-satisfying cuisines, and scenic landscapes. According to South African Tourism, 29.0 million overnight trips were recorded in the country in 2019.

Hence, it can be safely concluded that the demand for charcoal briquettes would surge in South Africa in the upcoming years, mainly because of the ballooning popularity of barbecued food items in the country.

[truetellsnigeria1]

Despite NLNG ‘Supply Increase’, Cooking Gas Price Soars, Scarcity Looms

Despite the Nigeria Liquified Natural Gas (NLNG) Limited confirmation that it supplies 1.5 million metric tons of LPG to the Nigerian domestic market, many users of Liquified Petroleum Gas (LPG), also called cooking gas, are finding it hard to get the product in Lagos at a cheap rate. Truetells Nigeria understands that cooking gas has soared to as much as N1,300 per kilogram. NLNG has clarified…

[newsource21]

The Biden influence peddling operation has been exposed. If we had a serious Department of Justice, there would be a full investigation into whether felonious activities were committed. Instead, we’ve had independent and conservative media reporters flesh out the details, whereas the establishment press report on Hunter Biden’s antics, for the most part, but thread Russian disinformation nonsense into the mix. There isn’t any Russian disinformation; Hunter’s laptop was authenticated. The media is salivating over the indictment of Alexander Smirnov, the source of the Biden Burisma bribery allegations since it can rehash Russian disinformation and blow up the impeachment push from congressional Republicans. That is not the case.

As Michael Shellenberger wrote, there’s another Biden associate, Jason Galanis, whose testimony matches what has been publicly reported on the influence operation. Galanis is a convicted criminal who is serving 15 years for securities fraud. But his testimony from jail also revealed the main prize of the Biden peddling operation and a national security threat.  

In August 2023, Energy Secretary Jennifer Granholm held a secret meeting with Chinese officials regarding releasing our petroleum reserves. Beijing's interest in our oil and gas reserves isn't new, but we’ve had multiple revelations about this Biden influence scheme thanks to the laptop. The multiple shell companies were created and run by Biden family members to filter the money from Romania. You already know about the Burisma connections, the trips to Kazakhstan, and other meetings with unsavory businesspeople and oligarchs. Joe Biden was involved in at least 20 such discussions with his son Hunter to show prospects that this “relationship capital” venture had teeth in the form of connections through the then-vice president and his last name. This brings us back to the Tony Bobulinski allegations that date back to October 2020 and CEFC China Energy. Shellenberger noted that the main financial prize for the Biden family in this operation was to allow China to dominate American energy sources. One of the ways they planned on doing that while getting rich was by partnering with CEFC on a liquified natural gas (LNG) deal on Louisiana’s Gulf Coast (via Public):

The Bidens were careful not to over-involve the then Vice President, Bobulinski says. Before he met Joe Biden, Bobulinski says he was told that, “this is going to be a high-level meeting. We’re not going to go into a lot of detail” about CEFC. Another Hunter business associate told Bobulinski in a text message, “Don’t mention Joe being involved, it’s only when u are face to face, I know u know that but they are paranoid.” 

They were understandably paranoid as they left evidence of what they were doing. It was the email chain about the LNG deal in which Hunter famously said, about shares in the business venture, that there would be “10 [percent] held by H for the big guy.” And, according to Bobulinski, “the big guy—100 percent—is Joe Biden.” 

Bobulinski told Congressional investigators that he once asked Joe’s brother, James Biden, “Aren’t you guys concerned that if Joe does run for President of the United States in the future that you guys are doing business directly with the Chinese?” 

Bobulinski says James Biden laughed and said, “Plausible deniability.” But, he notes, there are “stacks of evidence that Joe Biden showed up at meetings, shook hands, participated in” over 20 calls related to Hunter’s business “to demonstrate the Biden brand to whoever was in that meeting, whether it was the Ukrainians, the Romanians, the Russians, Colombians, Chinese, whoever it was.”

Congressional investigators have documented $20 million in payments from foreign entities to Biden family members and associates. That number could have been significantly higher had the Biden influence-peddling operation not fallen apart shortly before the 2020 elections, when the New York Post first published evidence of influence-peddling found in emails, text messages, and voicemails on Hunter Biden’s laptop. 

China, desperate for cheaper oil and gas, showed in myriad ways how much it wanted access through the Bidens. At one point, the CEO of CEFC gave to Hunter, as a gift, a 2.8-carat diamond worth roughly $80,000. 

Wait, isn’t the Biden administration’s policy aimed at restricting this energy sector? Yes, but there’s also a way to make a buck out of it: 

The Biden family appeared to be seeking to profit from a policy regime of expanded LNG production, while today, President Biden is restricting it. Climate change policy seeks to reduce oil and gas supply. While that is bad for the US and the environment since it results in the burning of dirtier coal that would otherwise be burned, it has the benefit of driving up the value of existing reserves, which may benefit some powerful financial interests.  Some have suggested that Biden’s LNG restrictions were done in response to the demands and interests of John Podesta, who controls much of the Biden White House energy policy. Whether or not that’s the case, it’s clear Biden and his family have, perhaps for many more decades than just one, been trading influence over energy policy to large financial interests, including even rival foreign ones, like China.  Environmental considerations aside, the Biden family’s attempt to manipulate energy policy for China, Kazakhstan, and Mexico should trouble Democrats and Republicans alike. They should additionally be concerned by evidence of political corruption by the FBI and Justice Department to cover up for the Biden family. And it’s not just the Biden family. Shellenberger noted the energy games have been plated by other prominent politicians as well, like former California Gov. Jerry Brown who established new air pollution standards to benefit his family’s stake in imported Indonesian oil. With the evidence of potential illegality stacked as high as the Eiffel Tower against the Biden family, the timing of the Smirnov indictment reeks of ‘look, squirrel’ from the Justice Department that has consistently intervened to protect Biden’s family. Hunter Biden might have issued the deal of the century, virtual blanket immunity on tax evasion and gun charges if it weren’t for Joseph Zeigler and Gary Shapley coming forward last year, alleging pervasive DOJ intrusion into their investigations.

[bllsbailey]

Reporter: 'Chinese Control Over US Oil and Gas at Heart of Biden Family Influence Peddling'

The Biden influence peddling operation has been exposed. If we had a serious Department of Justice, there would be a full investigation into whether felonious activities were committed. Instead, we’ve had independent and conservative media reporters flesh out the details, whereas the establishment press report on Hunter Biden’s antics, for the most part, but thread Russian disinformation nonsense into the mix. There isn’t any Russian disinformation; Hunter’s laptop was authenticated. The media is salivating over the indictment of Alexander Smirnov, the source of the Biden Burisma bribery allegations since it can rehash Russian disinformation and blow up the impeachment push from congressional Republicans. That is not the case. 

As Michael Shellenberger wrote, there’s another Biden associate, Jason Galanis, whose testimony matches what has been publicly reported on the influence operation. Galanis is a convicted criminal who is serving 15 years for securities fraud. But his testimony from jail also revealed the main prize of the Biden peddling operation and a national security threat.  

In August 2023, Energy Secretary Jennifer Granholm held a secret meeting with Chinese officials regarding releasing our petroleum reserves. Beijing's interest in our oil and gas reserves isn't new, but we’ve had multiple revelations about this Biden influence scheme thanks to the laptop. The multiple shell companies were created and run by Biden family members to filter the money from Romania. You already know about the Burisma connections, the trips to Kazakhstan, and other meetings with unsavory businesspeople and oligarchs. Joe Biden was involved in at least 20 such discussions with his son Hunter to show prospects that this “relationship capital” venture had teeth in the form of connections through the then-vice president and his last name. This brings us back to the Tony Bobulinski allegations that date back to October 2020 and CEFC China Energy. 

Shellenberger noted that the main financial prize for the Biden family in this operation was to allow China to dominate American energy sources. One of the ways they planned on doing that while getting rich was by partnering with CEFC on a liquified natural gas (LNG) deal on Louisiana’s Gulf Coast (via Public):

The Bidens were careful not to over-involve the then Vice President, Bobulinski says. Before he met Joe Biden, Bobulinski says he was told that, “this is going to be a high-level meeting. We’re not going to go into a lot of detail” about CEFC. Another Hunter business associate told Bobulinski in a text message, “Don’t mention Joe being involved, it’s only when u are face to face, I know u know that but they are paranoid.”  They were understandably paranoid as they left evidence of what they were doing. It was the email chain about the LNG deal in which Hunter famously said, about shares in the business venture, that there would be “10 [percent] held by H for the big guy.” And, according to Bobulinski, “the big guy—100 percent—is Joe Biden.”  Bobulinski told Congressional investigators that he once asked Joe’s brother, James Biden, “Aren’t you guys concerned that if Joe does run for President of the United States in the future that you guys are doing business directly with the Chinese?”  Bobulinski says James Biden laughed and said, “Plausible deniability.” But, he notes, there are “stacks of evidence that Joe Biden showed up at meetings, shook hands, participated in” over 20 calls related to Hunter’s business “to demonstrate the Biden brand to whoever was in that meeting, whether it was the Ukrainians, the Romanians, the Russians, Colombians, Chinese, whoever it was.” Congressional investigators have documented $20 million in payments from foreign entities to Biden family members and associates. That number could have been significantly higher had the Biden influence-peddling operation not fallen apart shortly before the 2020 elections, when the New York Post first published evidence of influence-peddling found in emails, text messages, and voicemails on Hunter Biden’s laptop.  China, desperate for cheaper oil and gas, showed in myriad ways how much it wanted access through the Bidens. At one point, the CEO of CEFC gave to Hunter, as a gift, a 2.8-carat diamond worth roughly $80,000. 

Wait, isn’t the Biden administration’s policy aimed at restricting this energy sector? Yes, but there’s also a way to make a buck out of it: 

The Biden family appeared to be seeking to profit from a policy regime of expanded LNG production, while today, President Biden is restricting it. Climate change policy seeks to reduce oil and gas supply. While that is bad for the US and the environment since it results in the burning of dirtier coal that would otherwise be burned, it has the benefit of driving up the value of existing reserves, which may benefit some powerful financial interests.  Some have suggested that Biden’s LNG restrictions were done in response to the demands and interests of John Podesta, who controls much of the Biden White House energy policy. Whether or not that’s the case, it’s clear Biden and his family have, perhaps for many more decades than just one, been trading influence over energy policy to large financial interests, including even rival foreign ones, like China.  Environmental considerations aside, the Biden family’s attempt to manipulate energy policy for China, Kazakhstan, and Mexico should trouble Democrats and Republicans alike. They should additionally be concerned by evidence of political corruption by the FBI and Justice Department to cover up for the Biden family. 

And it’s not just the Biden family. Shellenberger noted the energy games have been plated by other prominent politicians as well, like former California Gov. Jerry Brown who established new air pollution standards to benefit his family’s stake in imported Indonesian oil. With the evidence of potential illegality stacked as high as the Eiffel Tower against the Biden family, the timing of the Smirnov indictment reeks of ‘look, squirrel’ from the Justice Department that has consistently intervened to protect Biden’s family. Hunter Biden might have issued the deal of the century, virtual blanket immunity on tax evasion and gun charges if it weren’t for Joseph Zeigler and Gary Shapley coming forward last year, alleging pervasive DOJ intrusion into their investigations. 

[prismmediawire]

Federal Reserve “Increasingly Confident” Policy Positioned to Slow Economy, Reduce Inflation; WTI and Brent Rebound from Morning Lows

NEW YORK, NY, November 28, 2023 - PRISM MarketView, a leading provider of unbiased market insight and company news, today provides its PRISM Emerging Oil & Gas overview.

US equities were narrowly mixed in Tuesday afternoon trading as November consumer confidence increased to 102 on the index, ahead of economists’ expectations. The S&P 500 Energy Index was up +0.85% versus the S&P 500 which rose +0.33%. The XLE settled at +0.82% while the XOP rose by +0.77%.

The day’s PRISM Oil & Gas Index update saw WTI +2.6% and Brent rebound from morning lows, settling at +2.6% and +2.5% respectively. Natural Gas fell by (0.8%) to $2.77. Notable gainers on Tuesday were Seadrill, up +6.6% on Q3 results with EBITDA coming in above expectations and raised 2023 guidance to $485-$505 million. Diamond Offshore Drilling was up 3.10% and Noble Corp rose 1.4% after being initiated as overweight at Capital One Securities.

Top performers in the PRISM Oil & Gas Index were Houston American Energy Corp., up 3.80% and Mexco Energy Corporation which rose 3.0%. KLX Energy Services was down 3.64% and Battalion Oil Corporation fell by 2.63%. The PRISM Oil & Gas index value is $161.70 and performance is up by +61.70% since inception.

Trader’s Lens

United States Brent Oil Fund

US Brent Oil Fund has been trading in a range since early 2022 and has been pretty much flat year to date in 2023. Brent and Crude oil have been performing a lot better than natural gas in that period.

YPF Sociedad Anonima

Shares in Argentinian state-run oil company YPF Sociedad Anonima soared last week after President-elect Javier Milei said he would seek to privatize the oil company.

Cheniere Energy, Inc.

Cheniere Energy, Inc., a liquefied natural gas company is trading close to all time highs at about $180, a level that it first hit in October of 2022.

Marathon Petroleum Corp.

Petroleum refining company, Marathon Petroleum Corp, looks to be trading in a steady uptrend the last few years on its weekly chart. It has also maintained a weekly RSI(14) of at or above 50 for most of that period as well.

The Day’s Top Headlines

Potential Delay for OPEC+ Meeting

WTI and Brent dropped this morning on news that Organization of the Petroleum Exporting Countries (OPEC+) discussions on policy have been difficult and that the 30 November semiannual meeting could be delayed again. Oil prices rebounded as an OPEC+ source said the group may rollover current policy, potentially removing the option of oil output cuts that will limit supply into 2024.

Saudi Arabia Pushes for Cuts

Bloomberg reported today that Saudi Arabia is asking OPEC+ members to reduce oil output quotas in an effort to shore up global markets. Other members, including Iraq, Russia and Kazakhstan have resisted, recently producing above their quotas, while some African members have lost so much production capacity, they are unable to cut further. The report noted that the UAE may be pressured to not move ahead with the 200K bpd quota increase permitted from January, which it negotiated this year following investments into new capacity. Angola and Nigeria resisted quota reductions starting next year. CME Group's OPEC Watch Tool is now showing a 0% chance of an output cut this week.

About PRISM MarketView:

Established in 2020, PRISM MarketView is dedicated to the monitoring and analysis of small cap stocks in burgeoning sectors. We deliver up-to-the-minute financial market news, provide comprehensive investor tools and foster a dynamic investor community. Central to our offerings are proprietary indexes that observe emerging sectors, including biotech, clean energy, next-generation tech, medical devices and beyond. Visit us at prismmarketview.com and follow us on Twitter.

PRISM MarketView does not provide investment advice.

Contact:

PRISM MarketView info@prismmarketview.com 646-863-6341

SOURCE: PRISM Mark

[bpcltd]

Bharat Petroleum Corporation Limited's Bharatgas is a popular brand of liquified petroleum gas (LPG) in India. It provides clean, efficient, and reliable fuel for domestic and commercial use. With a wide distribution network, Bharatgas delivers LPG cylinders to households and businesses across the country. The website provides information on the various services offered by Bharatgas, including new connections, refill bookings, safety tips, and customer support.

[shahananasrin-blog]

[ad_1] The federal government has approved a Rs20.86 per kilogramme hike in Liquified Petroleum Gas (LPG) prices for both domestic and commercial consumers for the month of October 2023. The revised pricing structure came into effect today (October 1, 2023). Notably, this is the third straight month the government has been increasing LPG prices significantly. The Oil and Gas Regulatory Authority (Ogra) attributed this consistent escalation to two key factors: the devaluation of the Pakistani rupee against the US dollar and an increase in the prices of Propane and Butane, the principal components of LPG, by Saudi Aramco. The Ogra’s notification revealed the per-kilogram price of LPG will rise to Rs261 in October, up from Rs240 per kilogram in September 2023. The development came on the same day, the caretaker government dropped the prices of petrol and diesel for the next fortnight for the first time in two-and-a-half months. The petrol price was reduced by Rs8 per litre while a cut of Rs11 was announced in the diesel price. Following the reduction, petrol will be available at Rs323.38 and diesel at Rs318.18 per litre. The Ministry of Finance, in a statement, said the decision to bring down the price of petroleum products was taken after the Pakistani rupee gained value and POL rates dropped globally. "In the wake of variations in international prices of petroleum products and the improvement in the exchange rate, the Government of Pakistan has decided to revise the consumer prices of petroleum products," the ministry said. The government has also slashed the rate of kerosene oil by Rs7.53 per litre to 237.28 and light diesel oil by Rs7.77 per litre to 212.45. The prices of the commodities last witnessed a decrease in mid-July when petrol was dropped by Rs9 per litre to Rs253 and diesel by Rs7 to Rs253.50. [ad_2]

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Prices of Diesel, LPG To Go Up By 1%, 4% From September 16, 2023 – IES Projects