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(Reuters) – The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Freeport LNG’s export plant in Texas was on track to fall to a one-month low on Monday, according to data from financial firm LSEG. Freeport LNG is one of the most closely watched LNG export plants in the world because …
US NatGas Flows to Freeport LNG Export Plant in Texas Reduced – LSEG Data Read More »
By Jonathan Saul Around 10% of the global tanker fleet hit by US sanctions Tanker rates rising as non-sanctioned ships in demand China’s Shadong port bans tankers hit by US sanctions – traders LONDON, Jan 13 (Reuters) – At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China …
Dozens of Oil Tankers Drop Anchor After Latest US Sanctions Bite Read More »
Jan 13 (Reuters) – Southern California Edison, a unit of utility firm Edison International (EIX.N), on Monday was sued on claims that its electrical equipment started one of the major wildfires raging in the Los Angeles area, according to court filings. At least 24 people have died in the fires that began last Tuesday, and …
Southern California Edison Sued Over Role of Equipment in LA Wildfires Read More »
Jan 13 (Reuters) – The U.S. Treasury announced on Friday sweeping new sanctions against the Russian energy sector, including oil majors Gazprom Neft (SIBN.MM) and Surgutneftegaz (SNGS.MM), to try to curtail Moscow’s ability to fund its war with Ukraine. The sanctions also target over 180 tankers and dozens of oil traders, oilfield service providers, insurance …
Reactions to New US Sanctions Against Russian Energy Interests Read More »
Measures mark first serious attempt to restrict the flow of funds into the Kremlin’s war chest. Julian Lee, Bloomberg News Outgoing US President Joe Biden has seized the opportunity of lower oil prices and an impending period of oversupply to ratchet up pressure on Moscow. His parting sanctions on Russia’s energy industry are the first serious attempt to restrict …
Summary Refiner profits fall as new capacity and normal margins return Gasoline and diesel crack spreads hit lows in December Analysts lower earnings expectations amid weak crack spreads Uncertainty over Trump’s tariffs impacts refiner margins and costs (Reuters) – Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and …
U.S. Oil Refiners Brace for a Tough Year as Investor Sentiment Turns Negative Read More »
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine. Many of the tankers have been used to ship oil to India and China as western sanctions and …
Tougher U.S. Sanctions to Curb Russian Oil Supply to China and India Read More »
Venture Global LNG will begin formally pitching investors next week for its highly anticipated initial public offering, with the second-largest U.S. producer of liquefied natural gas aiming to secure a non-diluted valuation of as much as $110 billion, a document seen by Reuters and a person familiar with the matter said on Saturday. It could …
Venture Global to Pitch $110 Bln Valuation to IPO Investors Next Week, Source Says Read More »
Pipeline CEO plans ahead for imminent change in US leadership Company ships almost 6 million barrels of crude, liquids daily Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. The company sees an opportunity to move “several hundred …
Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom Read More »
Summary • Brent crude and WTI futures rise over 3% to 3-month high • US announces harshest package of sanctions against Russian oil • Sanctions will hit Russian oil exports – UBS, traders • Extreme cold in US, Europe also boosting oil prices – StoneX New York, Jan 10 (Reuters) – Oil prices rallied nearly …
Oil Prices Rally 3% as US Hits Russian Oil With Tougher Sanctions Read More »
