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The amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants was on track to drop to a 12-week low on Wednesday due to reductions at several plants, including Freeport LNG in Texas, according to data from financial firm LSEG. For years, LNG feedgas has been the fastest growing source of new …
U.S. LNG Natgas Feedgas on Track to Fall to 12-Week Low, LSEG Figures Show Read More »
Exxon Mobil shut down its 251,800-barrel-per-day refinery at Joliet, Illinois, due to a power outage after a storm, according to a filing late on Monday. The loss of power caused a flaring incident on Monday night, the filing showed. Exxon did not immediately respond to a request for comment. The plant went down due to …
Exxon Shut Joliet, Illinois, Refinery After Power Outage Read More »
(Reuters) – Oil prices were steady on Wednesday, with global benchmark Brent hovering near the one-month low it hit in the prior session, as signs of weakening demand growth in China clashed with the prospect of declining U.S. oil stockpiles. Brent crude oil futures was down by 4 cents to $83.69 a barrel by 0315 …
Oil Prices Steady as Declining U.S. Inventories Offset Slowing China Demand Read More »
Summary Court did not overturn FERC’s 2022 approval Environmental groups argue FERC ignored climate risks Commonwealth expects final investment decision by first-half 2025 (Reuters) – A U.S. court on Tuesday ordered federal regulators to reassess the impact of greenhouse gas emissions from Commonwealth LNG’s Louisiana liquefied natural gas project, potentially slowing full approvals for the …
U.S. Court Orders Federal Regulators to Assess Emissions of Louisiana LNG Project Read More »
By Sabrina Valle July 15 (Reuters) – Exxon Mobil Corp (XOM.N) plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in …
Exxon Plans to Drill Up to 30 Wells For its Seventh Oil Project in Guyana Read More »
U.S. natural gas futures fell about 4% to a nine-week low on Monday on forecasts for less hot weather and lower demand over the next two weeks than previously expected. Traders also noted prices were depressed by rising output, the tremendous oversupply of gas still in storage and the slow return of the Freeport LNG …
U.S. Natgas Prices Fall 4% to 9-Week Low on Forecasts for Less Heat, Demand Read More »
Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban dipped on Monday, with trades for September-loading cargoes expected to pick up speed this week. Qatar Energy on Monday will close three tenders to sell crude for September loading with bids valid until Wednesday, traders said. The producer offered three al-Shaheen crude cargoes for …
Middle East Crude-Benchmarks Dip; More Refiners Buy TMX Oil Read More »
U.S. liquefied natural gas export company Freeport LNG’s export plant in Texas was on track to pull in small amounts of natural gas on Monday after shutting on July 7 before Hurricane Beryl hit the Texas coast, according to data from financial firm LSEG. Freeport is one of the most-watched U.S. LNG export plants because …
Freeport LNG in Texas on Track to Take in Natgas Again After Hurricane Beryl Read More »
(Reuters) – Oil prices fell for a second day on Monday as the dollar gained ground amid political uncertainty in the U.S. following an attack on U.S. presidential candidate Donald Trump while investors eyed the progress of talks for a Gaza ceasefire. Brent crude futures fell 55 cents, or 0.7%, to $84.48 a barrel by …
Fuel oil imports in June highest since at least November 2020 World’s biggest crude exporter buys fuel oil for power plants Saudi Arabia boosted imports of the dirtiest type of oil to the highest in more than three years to help meet power demand during the scorching summer. Shipments of fuel oil rose in June to …
Saudi Arabia Ramps Up Purchases of Dirtiest Oil Amid Scorching Summer Read More »
