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The first liquefied natural gas tanker to dock at Freeport LNG’s gas liquefaction plant in 11 days arrived on Saturday, vessel tracking data from financial firm LSEG showed. Saturday’s arrival of tanker BW Pavilion Leeara signaled a potential restart in coming days of one of the facility three gas-processing trains. Freeport LNG has suffered a …
First Tanker in 11 Days Arrives at Troubled Freeport LNG Export Plant Read More »
Brent settles near $87 a barrel after earlier surge above $90 Flurry of options trades signal urge to protect against spikes Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude. Global benchmark Brent earlier soared more than $3, popping above $90 a …
Oil Ekes Out Gain After Iran’s Muted Response to Israel Strike Read More »
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen (Reuters Breakingviews) – It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he has made it his …
Shell’s Value Gap is More Strategy Than Geography Read More »
U.S. lawmakers have tucked sanctions on Iran’s oil exports in the House of Representatives’ aid package for Ukraine, Israel and the Indo-Pacific after Tehran’s missile and drone strike on Israel last weekend. If passed through both the House and Senate and signed by President Joe Biden and then implemented and enforced, the measures could eventually …
Iran Oil Sanctions in U.S. Aid Package for Ukraine Read More »
(Reuters) – Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to ease. After the benchmark contracts jumped more than $3 in the session, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel …
Oil Slips Despite Reported Israeli Attack on Iran Read More »
Goldman Sachs on Thursday raised its Brent crude oil price forecasts, projecting $86 a barrel for the second half of 2024, up from $85 previously, and $82 for 2025, up from $80.It said prices were likely to stay at the higher end of its forecast range, citing disappointing U.S. supply and a likely sticky geopolitical …
Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025 Read More »
Petroleum prices have fallen following Iran’s missile and drone assault on Israel, confounding expectations that the escalation of the shadow war would cause them to rise. Like major industrial accidents, extreme moves in oil prices, spikes or slumps, are always the product of multiple factors rather than a single cause. Spikes usually occur when the …
Oil Traders Sanguine About Risks From Israel-Iran Conflict: Kemp Read More »
U.S. natural gas futures climbed about 3% on Thursday on forecasts for cooler weather and more demand next week than previously expected and with an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants, including Freeport LNG. That price rise also came ahead of a federal storage report expected to …
U.S. Natgas Prices Up 3% Ahead of Storage Report as LNG Feedgas Rises Read More »
The US president must hold Maduro to account while keeping a lid on domestic gas prices in an election year. Joe Biden must decide this week whether to reinstate oil sanctions on Venezuela — a matter entangled with two of the American president’s biggest headaches in an election year: inflation and immigration. The six-month waiver …
Biden Confronts Tough Choice Over Venezuela Oil Sanctions Read More »
The kingdom is plowing billions into infrastructure and investments—and Larry Fink is out to make sure the asset management giant gets a share What’s worth your time when you’ve already built the world’s largest asset management company? For Larry Fink, chief executive officer of BlackRock Inc., courting the billions of dollars in assets up for grabs …
BlackRock’s Aggressive Hunt for Growth in Saudi Arabia Read More »
