By Mark Jaffe, EUCI energy writer First quarter 2026 U.S. upstream oil and gas sector mergers and acquisitions (M&A) hit a quarterly two-year high – $36 billion – before activity cooled in the face of market and geopolitical uncertainties, according to Enverus Intelligence Research. “The slowdown in volume reflects less active deal flow in March…
By Mark Jaffe, EUCI energy writer U.S. natural gas net exports are set to rise nearly 30% to 20.5 billion cubic feet a day by 2027, spurred by five new liquefied natural gas (LNG) export facilities, according to the federal Energy Information Administration (EIA). Already the world’s largest LNG exporter, the EIA is projecting LNG…
By Mark Jaffe, EUCI energy writer The war in Iran, while upending world energy markets, may have some winners in U.S. liquefied gas (LNG) exports and renewable energy, according to an analysis by industry risk consultant DNV. Still, the war is exacting a heavy and lasting toll. “Without knowing the duration and possible escalation of…
By Mark Jaffe, EUCI energy writer The U.S. and Israeli attacks on Iran have roiled energy markets and may lead to a reordering of energy priorities, but at least in the short run will not have the same impacts as previous geopolitical disruptions, according to Rystad Energy. For example, after the Russian invasion of Ukraine,…
By Mark Jaffe, EUCI energy writer The global natural gas market is set to be reshaped in 2026 by a surge of new liquified natural gas (LNG) capacity, which will help lower market prices and spur demand, according to the International Energy Agency (IEA). The increase in global gas demand slowed to less than 1%…
By Mark Jaffe, EUCI energy writer The U.S. is the world’s biggest natural gas producer – with three regions in the country each producing more gas than most countries – but demand continues to outpace production leading to higher natural gas prices. “Retail U.S. natural gas prices for every sector have increased so far this…
By Mark Jaffe, EUCI energy writer While geopolitical risks tend to push up the price of oil, an increase in supply and global economic uncertainties has tamped down the price of oil to its lowest in nearly three years. Global petroleum inventories rose by an average of 1.8 million barrels a day in the second…
By Mark Jaffe, EUCI energy writer The sea lanes vital to the global oil market are under pressure from geopolitical events as shipments through five critical maritime “chokepoints” drop and insurance rates rise, according to a Rystad Energy analysis. In 2023, more than 71 million barrels a day (bpd) of oil and 26 billion cubic…
By Mark Jaffe, EUCI energy writer Rising natural gas prices – spurred increasing exports of liquefied natural gas (LNG) – are set to push up electricity prices at the same time new demands are being placed upon electric grids, according to an Institute for Energy Economics and Finance Analysis (IEEFA) study. Natural gas generation become…
By Mark Jaffe, EUCI energy writer Growth in spending and production in the U.S. oil industry are projected to slow over the next few years, after a boom in drilling and capital spending between 2015 and 2024, according to an International Energy Agency (IEA) analysis. Upstream oil investments are on track to fall by nearly…
By Mark Jaffe, EUCI energy writer Wholesale electricity prices in the U.S. are projected to rise by an average 12% this summer, and while the margin between demand and generation capacity will be thinner, there should be adequate capacity, according to a Federal Energy Regulatory Commission (FERC) assessment. Electricity demand this summer is expected to…
By Mark Jaffe, EUCI energy writer The Trump administration’s goal of “energy dominance” and its mantra of “drill, baby, drill” have run into production limitations, economic uncertainty caused by the administration’s tariff policies, and increased output from OPEC+. In his first weeks in office, President Donald Trump issued executive orders to speed permitting, reduce regulations,…
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