The Schork Group Principal Stephen Schork joins Yahoo Finance Live to discuss the U.S. energy outlook, OPEC+, and how inclement weather will impact oil prices.
(Bloomberg) -- The US is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis.The latest BNEF report estimates daily US oil output to increase by more than 900,000 barrels next year. The expected production of 12.85 million barrels of crude per day exceeds the Energy Information Administration’s forecast by 250,000 barrels.The outlook for domestic oil production growth next year “looks solid and has resiliency despite recent commodity pr
Mexico plans to build a liquefied natural gas (LNG) export hub worth between $4 billion and $5 billion in the Gulf of Mexico that will help serve European demand, President Andres Manuel Lopez Obrador said on Tuesday. The planned LNG facility in the port of Coatzacoalcos, in the eastern state of Veracruz, would transport gas by boat to Europe, Lopez Obrador said. Lopez Obrador had previously floated the idea of an LNG plant in Coatzacoalcos, alongside other locations.