WorldOil Europe turns down more U.S. LNG on greenhouse gas concerns The latest setback for exporters is the expiry of a 2017 accord between U.S. LNG developer NextDecade Corp. and the Port of Cork to build an import terminal in Ireland. UAE warns U.S. shale producers against flooding market with oil With demand still fragile, shale companies “are wise not to jump the gun and overproduce during the recovery year,” UAE Energy Minister Suhail Al Mazrouei said in an interview, adding they “need to be careful not to flood the market.” U.S. projects higher oil output in 2022 from rebounding shale The U.S. Energy Information Administration said that recent crude price increases and rig additions will help production in the Lower 48 states begin to rise in the second quarter of this year, with total output nearing 11.5 MMbpd in 2022. IEA chief says U.S. shale is needed for now as oil prices climb A “big chunk” of U.S. shale is profitable at current oil prices, but drillers should be aware of crude’s declining share in the future global energy mix, International Energy Agency Executive Director Fatih Birol said in an interview. How U.S. shale exports forever changed global oil markets “Opening the shale revolution to the world through the export ban lifting helped shift the global oil market psychology from supply scarcity to abundance,” said Karim Fawaz, director of research and analysis for energy at IHS Markit. “It unshackled the U.S. industry to keep growing past its domestic refining limitations.” High debt, low margins choke shale’s growth despite climbing oil prices Market conditions that might have triggered U.S. oil explorers to raise output and grab market share in recent years are, this time around, more an opportunity for them to pay down debt or boost dividends. Buckeye Partners starts crude exports from new Corpus Christi deepwater dock The completion of the South Texas Gateway dock enables Buckeye to accommodate the berthing and loading of two vessels simultaneously, further facilitating the supply of North American crude oil to global markets. U.S. drilling rig count ends a whipsaw year at pre-shale-era levels The number of rigs drilling for oil in the U.S. closed out 2020 at 267, according to Baker Hughes Co. data released December 30th. It’s the lowest end-of-year figure since 2005, when drilling and fracking breakthroughs perfected in natural gas regions like North Texas’s Barnett shale were just beginning to be deployed. Croatia preps for first U.S. LNG cargo, reducing Russian dependence The LNG vessel Tristar Ruby, which loaded at the Cove Point plant in Maryland, is headed for Croatia’s terminal on the Adriatic island of Krk, according to ship-tracking data on Bloomberg. The ship is scheduled to arrive on Jan. 1, the expected start date of the terminal. Five options for Biden to quickly implement new climate rules Joe Biden made it clear on the campaign trail that he planned to take strong action to fight global warming. But his ambitious, $2 trillion climate plan will take time and resources. In the meantime, here are some of the smaller, immediate steps he can take -- and a few that are probably much harder than they look.