OPEC+ Set to Agree on July Oil Output Hike, Sources Say
OPEC+ meets on May 28 to review the market and is not expected to change policy, but sources said they expect an July output hike to be agreed upon by the end of the week.
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Building a Pipeline in New York Takes More Than Just a Handshake
The governor pledged to work with the natural gas industry and Trump, but new infrastructure faces formidable obstacles. Last week’s agreement allowing construction to resume on a wind farm off the New York coast was another bit of quid pro quo from US President Donald Trump. His administration agreed to lift a stop-work order that threatened to sink Equinor …
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Norway Oil Industry Set to Invest Record Amount in 2025
(Reuters) – Norwegian oil and gas investments are expected to hit a record this year, and to decline next year, a statistics office survey of industry players showed on Tuesday. The country’s biggest business sector expects to invest 269.1 billion crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to …
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After Reprieve, EU Still in Fix to Find Trade Deal to Satisfy Trump
Summary EU seeks mutually beneficial trade deal with Washington U.S. demands unilateral concessions to cut goods trade deficit EU Commission says leaders’ call has given new impetus to talks (Reuters) – The European Union may have won a reprieve from U.S. President Donald Trump’s threatened 50% tariffs, but it remains unclear how the bloc will square its push for a …
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Oil Steady Ahead of OPEC+ Meeting as Trade War Concerns Ease
(Reuters) – Oil prices were little changed on Tuesday as easing trade war concerns offset expectations OPEC+ will decide to increase their output at a meeting later this week. Brent crude futures were up 26 cents, or 0.4%, at $65 a barrel by 0920 GMT, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, …
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Segrist: China-US Trade War Finds a Plastic Peace
China’s heavy dependence on U.S. ethane is keeping a trade avenue open during the ongoing fight.
Soft China Dampens Asia LNG Demand While Europe’s Imports Ease: Russell
(Reuters) – Asia’s imports of liquefied natural gas stagnated in May while Europe’s continued to ease as demand in both of the world’s top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.89 …
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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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Morgan Stanley Divests Seven Seas to EQT Infrastructure Fund
Morgan Stanley Infrastructure Partners agreed to sell its ownership stake in wastewater treatment compang Seven Seas Water Group to investment organization EQT Partners.
Chile Taps Miner Rio Tinto for Major Lithium Project
The Salares Altoandinos lithium project in Chile has more than 15 million tons of lithium carbon equivalent, state-owned Empresa Nacional de Minería says.