SAF Group March 1, 2025 Energy Tidbits Memo Should be Posted by Noon MT

The SAF Group March 2, 2025 Energy Tidbits memo should be posted by noon MT on the research section of our SAF Group website [LINK]. ?(i) ?Shell upgrades its LNG demand forecast thru 2040 and says more LNG supply investment is needed to meet the demand.? Would seem to set the stage for FID of its 1.8 bcf/d LNG Canada Phase 2. (ii) We see Trump’s public dressing down of Zelensky for the global audience as increasing the probability for the return of Russia pipeline natural gas ie. a big potential negative to TTF and LNG prices. (iii) Trump posted he will not be extending Chevron oil license in Venezuela ie. the 6-month wind down has started. (iv) WCS less WTI differentials stay narrow ahead of Trump’s tariffs still scheduled to start on Tuesday. (v) Vortexa crude oil floating storage 7-week moving average is 72.47 mmb, highest since Aug. (vi) There are many other items in today’s Energy Tidbits memo. (vii) ?Thanks to Twitter/X followers who took me over 12,000 in Jan. I hope others will follow me on Twitter/X at [LINK] for breaking news that ultimately ends up in the weekly Energy Tidbits memo that typically gets posted by Sunday noon MT. I hope our SAF Group Energy blogs, Energy Tidbits memos, Linkedin articles and Tweets help with your perspective on energy and markets. Thank you for your support to my Energy Tidbits memos and tweets.

Dan T