Oil & Gas Journal's LNG Observer is the only information resource of its kind - providing consistent, authoritative, and comprehensive reporting on the issues affecting today's rapidly growing LNG industry. LNG Observer delivers valuable information to top executives and key decision-makers involved in commercial LNG developments around the world. In addition to interviews with industry and government leaders and articles addressing developing technologies, readers of LNG Observer have come to expect insightful updates on such issues as:
OPEC’s position strengthens May 12, 2008 12:00 AM
Growing demand for crude combined with the slowdown in production of new supplies in other countries is placing the Organization of Petroleum Exporting Countries in a powerful position, say industry analysts.
Distillate demand driving market May 5, 2008 12:00 AM
Growing demand for middle distillate fuels in Asia and Europe has created a world shortage that can only be resolved by processing more crude to produce these straight-run products.
Weak dollar buoys oil prices April 28, 2008 12:00 AM
The US dollar at record lows against the euro, China’s robust demand for diesel, and market concerns about supply and demand have pushed up oil prices more than 18% so far this year, said analysts in the Houston office of Raymond James & Associates Inc. in mid-April.
Energy prices climb April 21, 2008 12:00 AM
The front-month contract for benchmark US crudes jumped past $112/bbl Apr. 9 following a report that inventories of crude, gasoline, and distillate fuel fell to unexpectedly low levels in the week ended Apr. 4.
Quarter ends with bang April 14, 2008 12:00 AM
The fluctuation of crude futures prices on the New York Mercantile Exchange in March ended the first quarter of 2008 with a bang, said Paul Horsnell, Barclays Capital Inc., London.
Dollar value, crude prices fluctuate April 7, 2008 12:00 AM
The May benchmark US crude contract jumped above $107/bbl Mar. 27 in the New York market following the bombing of a primary export oil pipeline in southern Iraq.
Measuring ‘extreme’ oil prices March 24, 2008 12:00 AM
For seven sessions Mar. 5-13, the front-month crude contract consecutively set record high prices on the New York Mercantile Exchange as the US dollar fell to record lows vs. the euro and a 12-year low against the Japanese yen.
Fundamentals don’t support $105 oil March 17, 2008 12:00 AM
An unexpected drop in US crude inventories made front-month crude jump $5 to a record closing of $104.52/bbl Mar. 5 on the New York Mercantile Exchange, although many of the industry’s biggest participants and closest observers reported no new changes in either supply or demand to justify that fly-up.
Crude topped $100/bbl in February March 10, 2008 12:00 AM
Traders pushed crude prices well above $100/bbl in late February, turning from equities to commodities as a haven for investments as fear of a US recession sent the US dollar plummeting to record lows against the euro and other key currencies.
Crude closes above $100/bbl March 3, 2008 12:00 AM
For the first time ever, a front-month contract for benchmark US light, sweet crudes closed above $100/bbl Feb. 19—at $100.01/bbl, up $4.51 for the day—after setting a new intraday record of $100.10/bbl on the New York Mercantile Exchange.
Greenspan: Odds favor recession February 25, 2008 12:00 AM
At Cambridge Energy Research Associates’ annual energy conference in Houston, former Federal Reserve Chairman Alan Greenspan said there is a “50% or better” chance that the US will experience an economic recession that will curtail energy demand.
Crude market lacks direction February 18, 2008 12:00 AM
Crude futures prices fluctuated sharply within a $5/bbl range in a directionless market in early February, with traders torn between fears of an economic recession and potential threats to oil supplies.
Mideast demand up as OPEC holds output February 11, 2008 12:00 AM
As expected, ministers of the Organization of Petroleum Exporting Countries made no production changes at their Feb. 1 meeting in Vienna, despite pressure from the US and other large consuming countries to increase output.
Government action revitalizes markets February 4, 2008 12:00 AM
Fears of recession and unauthorized trading at an international French bank battered equity markets, forcing government action that caused US energy prices to rebound in late January.
Crude futures price closes at 5-week low January 28, 2008 12:00 AM
The February crude contract fell 71¢ to $90.13/bbl Jan. 17 on the New York Mercantile Exchange—its lowest closing in 5 weeks—after Federal Reserve Chairman Ben Bernanke told the US House Budget Committee downside risks to US economic growth in 2008 were “more pronounced” than ever.
Oil finally tops $100/bbl January 14, 2008 12:00 AM
For the first time ever, a front-month crude contract hit $100/bbl Jan. 2 before closing at $99.62/bbl, up $3.64 for the day in the initial trading session of 2008 on the New York Mercantile Exchange.
A December run for $100/bbl oil January 7, 2008 12:00 AM
With many observers convinced they had seen the last major run up in oil prices for 2007, the market mounted another run at $100/bbl crude in late December.
Economic factors whiplash energy prices December 24, 2007 12:00 AM
The January crude contract for US light, sweet crudes climbed to $94.85/bbl Dec. 12 on the New York Mercantile Exchange before closing at $94.39/bbl, up $4.37 in the biggest 1-day gain since Jan. 30 and the highest closing since Nov. 27, after the US Federal Reserve said it would make $24 billion available to European central banks to spur economic growth.
William F. (Bill) Lawson, General Chair, 16th Improved Oil Recovery Symposium Rafael Sandrea, President, IPC Petroleum Consultants, Inc./IOR 2008 Plenary Speaker Paul Willhite, Technical Program Chair, 16th Improved Oil Recovery Symposium Bob Williams, Director of Research, Oil & Gas Journal Research Center
