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South Africa Proposes Buying US LNG As Seeks Trade Deal

(Reuters) – South Africa has offered to buy liquefied natural gas from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the South African government news agency website. The document, signed by Minister in the Presidency Khumbudzo Ntshavheni and posted late …

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Oil’s Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada

By Robert Tuttle Oil storage containers and pipelines at the Hardisty terminal in Hardisty, Alberta Photographer: Jason Franson/Bloomberg A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices. The average price paid to lease oil …

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Trump Says Putin Has ‘Gone Absolutely CRAZY’, Considering More Sanctions on Russia

U.S. President Donald Trump said Vladimir Putin had “gone absolutely CRAZY” by unleashing the largest aerial attack of the war on Ukraine and said he was considering more sanctions on Moscow, but he also scolded Ukrainian President Volodymyr Zelenskiy. “Something has happened to him. He has gone absolutely CRAZY!” Trump said of the Russian president …

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Canada’s New Energy Chief Tim Hodgson Pushes Oil Sands to Build Carbon-Capture Systems

An oil sands mining facility near Fort McKay, Alberta. Canada’s new energy minister, Tim Hodgson, prioritizes building carbon-capture systems for the oil sands and increasing crude and natural gas exports. Summary by Bloomberg AI Hodgson emphasizes the need for responsible oil production, infrastructure development, and diversification of energy exports beyond the US, highlighting the Pathways …

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Saudi Aramco Considers Asset Sales to Free Up Funds, Sources Say

(Reuters) – Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices. Aramco  is the world’s largest oil-producing company and the main source of Saudi state revenue. The firm will slash dividend payouts by nearly …

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