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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 »
If there’s an all-hands-on-deck response at the oil major’s headquarters, that message seems to be lost in translation for concerned investors. By Javier Blas Murray Auchincloss had a clear message to his shareholders days after becoming chief executive officer of BP Plc: “I’m focused on growing the value of BP.” Nearly six months since his …
Summary U.S. consumer sentiment fell in July Producer price index rose 0.2% in June U.S. active oil rig count fell by one to 478 this week NEW YORK, July 12 (Reuters) – Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate …
Oil Prices Settle Down after Data Shows Weaker U.S. Consumer Sentiment Read More »
Oil and gas activity in the U.S. Midwest and Rockies declined during the second quarter, but is expected to rebound over the next six months, the Federal Reserve Bank of Kansas City said on Friday in a quarterly energy survey. The survey covers companies drilling in Kansas, Colorado, Nebraska, Oklahoma and the northern half of …
Oil and Gas Activity in U.S. Rockies, Midwest fell in Q2, Kansas Fed Says Read More »
Summary Companies invest in downstream gas assets in Asia Japanese firms build gas markets to help sell excess LNG LNG seen as transitional fuel in move to renewables Activist investors raise alarm TOKYO, July 12 (Reuters) – Japanese companies foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the …
Japan Builds Gas Markets in Asia to Boost LNG Trading, Energy Security Read More »
(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said …
ConocoPhillips, Marathon Oil Get Second US FTC Request Over $22.5 Bln Deal Read More »
