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Venture Global on Track to Become Top US LNG Company if CP2 Project Approved

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By

Summary Venture Global could top Cheniere to become largest US LNG company Producing at higher rates than initially expected Plans to sell additional volumes on long-term contracts (Reuters) – Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and …

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US Crude Oil Storage Demand Surges as Traders Brace for OPEC+ Price War

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

 U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for a flood of increased supply in coming months from the Organization of the Petroleum Exporting Countries and its allies. This month, OPEC+ agreed to accelerate …

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US ‘Not Convinced’ About Lowering G7 Oil Price Cap, European Official Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – A European official said the United States was “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During the G7 finance ministers meeting, the official …

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Italy Fully Supports EU Efforts to Stop Russian Gas Imports by 2027

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By

(Reuters) – Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country’s energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers. Italy last year imported a small quantity of Russian gas which was …

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Bond Selloff Rolls on as US House Passes Trump’s ‘Big Beautiful’ Tax Bill

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(Reuters) – Bond vigilantes continued to stalk global debt markets on Thursday, also keeping the dollar and stocks subdued, as the U.S. House of Representatives passed President Donald Trump’s “big beautiful” tax bill by a single vote. Wall Street looked set to open fractionally higher having tumbled on Wednesday after the previous day’s limp U.S. …

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