LNG - Weekend energy roundup - Russia OPEC production updates weather

US equity markets were closed Monday; however, commodity and global equity markets were open, with a series of important news releases impacting energy and natural resources prices over the long weekend: Russia / Ukraine - the conflict between Russia and Ukraine captured headlines as Russia's Putin moved troops across the Ukrainian border (NYSE:BP). OPEC - Aramco's (ARMCO) CEO said that energy prices are high, mainly because of the strategies and policies that curtailed investment in energy sources (NYSE:DVN) (NYSE:PXD); oil demand to hit a record high this year (NYSE:VLO) (NYSE:PSX). LNG outlook - Shell (NYSE:SHEL) published a bullish LNG outlook, citing secular demand growth, against a backdrop of slowing supply additions (NYSE:XOM) (NYSE:CVX) (NYSE:LNG). Galp - GALP (OTC:GLPEF), the Portuguese mini-major accounting for ~130kb/d of production, announced ~3yrs of zero upstream volume growth, as 50%+ of capex will pivot to low-carbon energy sources and away from upstream investments in Mozambique and

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Weekend energy roundup - Russia, OPEC, production updates, weather