China’s December Crude Imports From UAE, Brazil, Canada Hit Record Highs

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China’s crude oil imports from top supplier Russia fell 0.7% year-on-year in December to 9.33 million metric tons, or 2.2 million barrels per day, but hit the highest level for 2025. Imports from Malaysia, the largest trans-shipment hub for sanctioned Iranian oil, fell 37.9% to 4.14 million tons, or 0.97 million bpd. Imports from Indonesia …

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Glenfarne Announces Strategic Partnership With Danaos to Advance Alaska LNG

Conventional Energy, Latest, LNG, US News / By

ANCHORAGE, Alaska–(BUSINESS WIRE)–Glenfarne Group, LLC (“Glenfarne”) subsidiary Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project, and Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today announced a strategic partnership to advance Alaska LNG. Under the agreement, Danaos will facilitate the construction and operation of …

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APA Curtails Quarterly US Natgas, NGL Production on Weak Prices

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(Reuters) – Oil and gas firm APA Corp said on Tuesday it curtailed production by about 91 million cubic feet per day of U.S. natural gas and 7,600 barrels per day of U.S. natural gas liquids in the fourth quarter in response to weak prices. It expects fourth-quarter average realized natural gas prices in the …

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Venezuela Has Received $300 Million in Funds From Oil Sales, Acting President Says

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(Reuters) – Venezuela’s interim president Delcy Rodriguez said on Tuesday that the country has received $300 million from oil sales, the first proceeds from U.S. President Donald Trump’s announced 50-million-barrel oil supply deal with Caracas, following the capture of President Nicolas Maduro earlier this month. Trump said separately on Tuesday his country had taken the …

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Trump Says US Has Taken 50 Million Barrels of Oil Out of Venezuela

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(Reuters) – U.S. President Donald Trump said on Tuesday that his administration had taken 50 million barrels of oil out of Venezuela, and was selling some of it in the open market. “We’ve taken 50 million barrels of oil out of Venezuela in the first four days. We’ve got millions of barrels of oil left. …

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Blackstone Weighs $5 Billion Sale of Beacon Offshore, Bloomberg News Reports

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(Reuters) – Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The asset manager has begun early talks with investment banks about a possible listing of …

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Kazakhstan’s Tengiz Oil Field to Stay Shut for Another 7-10 Days, Sources Say

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(Reuters) – Oil production at Kazakhstan’s vast Tengiz oil field, one of the world’s largest, could be halted for another 7-10 days after shutting down on Sunday, cutting crude exports via the Caspian Pipeline Consortium, three industry sources told Reuters. The field’s operator Tengizchevroil (TCO) said on Monday that due to power supply problems, production …

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US Natgas Futures Soar 27% to 3-Week High on Frigid Weather Forecasts, Short Covering

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(Reuters) – U.S. natural gas futures soared 27% to a three-week high on Tuesday on forecasts for much colder weather and higher heating demand over the next two weeks than previously expected that forced some traders to cover short positions. After falling to a 13-week low before the long Martin Luther King Jr. holiday weekend, …

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Ranked: Natural Gas Reserves by Country – Visual Capitalist

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By Niccolo Conte | Article/Editing: Bruno Venditti | Graphics/Design: Amy Realey Key Takeaways Russia, Iran, and Qatar together hold more than half of the world’s proven natural gas reserves. Natural gas reserves are heavily concentrated in a small number of countries, shaping global energy and geopolitics. Natural gas plays a critical role in the global …

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US Natural Gas Jumps on Colder Outlook for Last Week of January

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By Sing Yee Ong US natural gas futures jumped as the weather outlook for late January shifted colder, with blasts of Arctic air set to sweep the eastern part of the country, raising demand for the fuel that’s used for heating and power generation. Futures for February delivery rose as much as 14% to $3.550/mmbtu …

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