MDN’s Energy Stories of Interest: Tue, Nov 4, 2025 [FREE ACCESS]

NATIONAL: U.S. natural gas extends gains on weather outlook; US becomes first country to export 10 million tonnes of LNG in single month; Climate alarmists question climate exaggeration; Products, fuel, and electricity are the real climate challenges for the future; INTERNATIONAL: Oil holds steady on OPEC+ pause; Adnoc CEO says AI raises energy investment needs to $4T; QatarEnergy, Exxon executives warn of Europe exit over climate law; Study shows oil and gas companies continue to expand.

NATIONAL

U.S. natural gas extends gains on weather outlook
Wall Street Journal
U.S. natural gas futures extend their winning streak to four sessions after weekend weather outlooks pointed to some more heating demand for November and the market looks beyond to colder winter weather. “Long-range weather forecasts continue to show potential for colder air into the northern U.S. to start December, which could also be partly aiding recent gains,”NatGasWeather.com says in a note. “It also helped that LNG exports remain strong at over 17 Bcf/day and just under record highs.” Nymex natural gas for December delivery settles up 3.4% at $4.266/mmBtu. [MDN: The good times keep on rollin’ in. We love these gas prices!]

US becomes first country to export 10 million tonnes of LNG in single month
Reuters/Curtis Williams
The U.S. set a new global record in October by exporting 10.1 million metric tonnes (mmt) of liquefied natural gas (LNG), the first country to exceed 10 mmt in a single month. This surge, up from 9.1 mmt in September, was primarily driven by the full start-up of Venture Global’s Plaquemines facility and the expansion of Cheniere’s Corpus Christi Stage 3 project. Together, Venture Global and Cheniere accounted for a significant 72% of the total October exports, with Cheniere alone shipping 4.2 mmt. Europe remained the top destination, importing 6.9 mmt, or nearly 69% of the total, as the continent stocks up for winter. Exports to Asia totaled 1.96 mmt, but the minimal price difference between the European and Asian benchmarks provided little incentive for U.S. exporters to pivot from their main European market. [MDN: We hit another record high. Of course, Venture Global maintains even though its newest LNG export plant in Plaquemines is operating at full tilt, it’s not yet “commercially ready,” which is a farce. It tarnishes this otherwise laudable milestone for the U.S. LNG industry.]

Climate alarmists question climate exaggeration
MasterResource/Robert Bradley Jr.
The article argues that many climate scientists have surrendered to exaggeration and hyperbole, making false predictions, which has resulted in “climate fatigue” among the general public. It references a previous statement by Steven Schneider, who acknowledged the ethical conflict between scientific honesty and the need to offer “scary scenarios” to gain public support. The piece highlights that even prominent figures like Michael Mann are now trying to navigate against “doomism,” warning that excessive negativity can lead to public inaction. The author further points out the ethical contradiction in concepts like “last-chance tourism,” which capitalizes on fear of environmental loss while accelerating the very destruction it mourns. [MDN: The general public is catching on that they (we) have been lied to for years about climate catastrophes caused by mankind. And they are ignoring the “the sky is falling!” proclamations from the environmental left. That’s the lesson here.]

Products, fuel, and electricity are the real climate challenges for the future
America Out Loud News/Ronald Stein P.E.
The article argues that the true climate challenges for the future lie in the growing global demand for products, fuel, and affordable, reliable electricity, not in “green” and “zero emissions” policies. It contends that over 80% of global demand for products and transportation fuels relies on oil, coal, and natural gas, and that electricity and all its necessary components, including those for electric vehicles and renewables, are manufactured from fossil fuel derivatives. With nearly half the world living in poverty and a growing population, achieving human flourishing requires more, not less, energy, and for the foreseeable future, this need will be met primarily by fossil fuels. The author concludes that electricity cannot exist without the products made from fossil fuels, and renewables cannot manufacture the necessary products or fuels. [MDN: Fossil energy is the future of the planet, not the past.]

INTERNATIONAL

Oil holds steady on OPEC+ pause
Bloomberg/A. Longley, M. Gindis, W. Kubzansky
Oil prices were little changed, with West Texas Intermediate settling above $61 a barrel at $61.05, as traders assessed the OPEC+ decision to pause its planned output revival from January. Brent for January settlement fell 0.19% to settle at $64.89 a barrel. OPEC’s move reflects expectations for a seasonal demand slowdown and widespread forecasts for a substantial market surplus next year, which has already seen the US benchmark slump 9% over the past three months. Analysts noted that the decision signals the group is adjusting its supply to market conditions, although a surplus warning persists. Contributing to supply questions, tighter US sanctions on Russian producers and a Ukrainian drone attack on a tanker and facilities in Tuapse caused flow disruptions, with top energy producers warning the sanctions will hit global supply. [MDN: Even amid war and turmoil and ominous forecasts of a glut, oil remains fixed in the $60s.]

Adnoc CEO says AI raises energy investment needs to $4T
Bloomberg/A. Di Paola, S. El Wardany, O. El Chmouri
Sultan Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC), stated that the global energy industry requires an annual investment of $4 trillion to meet soaring demand driven by the boom in data centers and artificial intelligence. He emphasized that strong long-term demand, projected to remain above 100 million barrels a day beyond 2040, will outweigh immediate concerns over an oil supply glut. Despite warnings of a near-term glut and falling Brent crude prices, which prompted the OPEC+ group to pause production increases in the first quarter of next year, producers such as the UAE are boosting their output capacity. Al Jaber declared the UAE “open for business,” with Adnoc’s international arm, XRG, actively seeking new deals to drive this necessary energy investment. [MDN: Oil will be needed far, far, far into the future.]

QatarEnergy, Exxon executives warn of Europe exit over climate law
Reuters/Maha El Dahan
Executives from major gas suppliers ExxonMobil and QatarEnergy have warned the European Union they may cease doing business with the bloc if it does not significantly relax its proposed Corporate Sustainability Due Diligence Directive (CSDDD). The law requires companies to address human rights and environmental risks across their global supply chains, with potential fines up to 5% of global revenue. Exxon CEO Darren Woods called the legislation’s overreach, which applies to worldwide operations, “impossible,” specifically citing the unfeasibility of demanding climate transition plans aligned with the Paris Agreement. QatarEnergy CEO Saad al-Kaabi reiterated the threat to halt LNG shipments, stating the company cannot meet the CSDDD’s “net zero” requirements. Both executives stressed that Europe needs their gas supplies and urged the EU to seriously reconsider the law, which is currently undergoing further negotiation. [MDN: The Euro weenies have stepped WAY over the line with the CSDDD. Expect other countries to threaten to quit selling to and doing business with Europe if it doesn’t exempt foreign-based companies from its lunatic law. Good for Exxon and the thugs at Qatar for standing up to Europe.]

Study shows oil and gas companies continue to expand
DPA International/Yahoo! News
An updated database from the German research organization Urgewald reveals that over 1,800 oil and gas companies are continuing their expansion despite worsening climate change, contradicting the global agreement at COP28 to move away from fossil fuels. Investments in new infrastructure remain at levels similar to the time of that agreement. The data shows the U.S. is leading planned expansion, with 125.06 GW of new gas power plant capacities and 388.23 million tons per year of new LNG export terminals, followed by countries like China and Russia. This continued investment undermines the COP21 goal of limiting global warming to 1.5 degrees Celsius, which currently stands at 1.4 degrees, increasing the likelihood of extreme weather events like storms and floods. [MDN: The enviro-left is going nuts. They hate Trump, they hate fossil fuels (both are irrational hatreds), and they continue to peddle lies about man-caused catastrophic global warming. They really need to get a life.]