With its gas pricing traditionally linked to oil prices, Algeria’s national oil and gas company Sonatrach wants to revisit its pricing to EU buyers to include a partial link to spot price gas, with TTF trading several times higher than crude on a per barrel basis.
an agreement to end the country’s debilitating wave of protests ending a two-week standoff that saw the Latin American country’s production more than halve to 230,000 b/d.After the calls of Libya’s National Oil Company were largely ignored, it declared at the Es Sider and Ras Lanuf ports due to ongoing protests, curbing potential export capacity to a mere 400,000 b/d, a third of the country’s exports in February.
The oilandgas cartels will drill to the end of our planet. ClimateChange be damned.
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