(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 …
Norway Oil Industry Set to Invest Record Amount in 2025 Read More »
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 …
After Reprieve, EU Still in Fix to Find Trade Deal to Satisfy Trump Read More »
(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, …
Oil Steady Ahead of OPEC+ Meeting as Trade War Concerns Ease Read More »
China’s heavy dependence on U.S. ethane is keeping a trade avenue open during the ongoing fight.
(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 …
Soft China Dampens Asia LNG Demand While Europe’s Imports Ease: Russell Read More »
(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 …
South Africa Proposes Buying US LNG As Seeks Trade Deal Read More »
Morgan Stanley Infrastructure Partners agreed to sell its ownership stake in wastewater treatment compang Seven Seas Water Group to investment organization EQT Partners.
The Salares Altoandinos lithium project in Chile has more than 15 million tons of lithium carbon equivalent, state-owned Empresa Nacional de Minería says.
By Robert Tuttle Oil storage containers and pipelines at the Hardisty terminal in Hardisty, Alberta Photographer: Jason Franson/Bloomberg A boom in sales of drilling rights in western Canada’s oil heartland of Alberta is fading as US President Donald Trump’s trade war and OPEC+ production increases hammer crude prices. The average price paid to lease oil …
Oil’s Plunge, Trade Wars Drive Drilling Land Sales Down in Western Canada Read More »
U.S. President Donald Trump said Vladimir Putin had “gone absolutely CRAZY” by unleashing the largest aerial attack of the war on Ukraine and said he was considering more sanctions on Moscow, but he also scolded Ukrainian President Volodymyr Zelenskiy. “Something has happened to him. He has gone absolutely CRAZY!” Trump said of the Russian president …
Trump Says Putin Has ‘Gone Absolutely CRAZY’, Considering More Sanctions on Russia Read More »
