(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Monday in light trade ahead of the expiration of the front-month contract on forecasts for higher demand this week than previously expected. Earlier in the day, prices slid about 2% to a five-month low on rising output and forecasts for mild …
US Natgas Prices Jump 5% to 1-Week High Ahead of Contract Expiration Read More »
(Reuters) – Woodside Energy is in talks with an overseas unit of Kuwait Petroleum to sell a stake in its Louisiana liquefied natural gas plant in the U.S., Bloomberg News reported on Monday, citing people with knowledge of the matter. The overseas unit, Kuwait Foreign Petroleum Exploration, is also considering securing LNG supply from the …
A lead of Mitsubishi’s U.S. industrial division says the current supply chain for generators can’t keep up with the booming demands of AI.
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025, …
Barclays Cuts 2025 Brent Crude Forecast on Trade Tensions, OPEC+ Shifts Read More »
Once completed, Golden Pass LNG, a joint project between QatarEnergy and Exxon Mobil, will have a capacity of over 2.57 Bcf/d.
Innovex International Inc. has agreed to sell the Dril-Quip Eldridge Campus in northwest Houston to Big Acquisitions LLC for $95 million following its merger with Dril-Quip in September 2024.
Prairie Operating Co. started completion of the nine DUC wells that were part of an acquisition from Bayswater Exploration & Production in the Denver-Julesburg Basin.
Lee Zeldin, the Environmental Protection Agency’s administrator, as well as other cabinet members said President Donald Trump’s tariff negotiations will improve, rather than diminish, the U.S.’ business outlook.
MOSCOW, April 28 (Reuters) – Greek shipowners are returning to Russia’s Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said. The price cap introduced by the Group of Seven countries does not …
Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap, Sources Say Read More »
Power outage hits Spain, Portugal and briefly France Authorities try to establish what caused the outage Outage paralyses transport and delays flights MADRID/LISBON, April 28 (Reuters) – A huge power outage hit large parts of Spain and Portugal on Monday, paralysing traffic, grounding flights, trapping people in elevators and leaving power operators scrambling to restore …
Huge Power Outage Paralyses Parts of Spain and Portugal Read More »
