US natural gas dropped for a second session on the outlook for warmer temperatures across large parts of the country, which is likely to trim demand for the fuel used for heating and power generation.
India has more work to do in order to satisfy US concerns about its purchases of Russian oil and secure tariff relief, President Donald Trump’s trade representative said.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 3.04 million barrels in the week ending January 16. Crude oil inventories increased by 5.27 million barrels in the week prior.
The U.S. Treasury Department on Wednesday extended a license by more than a month – until February 28 – for companies to talk with Russian energy company Lukoil (LKOH.MM), opens new tab about buying its foreign assets.
The US government is backing Iraq’s plan to transfer Lukoil PJSC’s stake in a giant oil field to an American company, days before a sanctions waiver on the Russian firm is set to expire.
Swiss commodity trading major Gunvor is considering asset purchases in the U.S. oil and gas space, Reuters has reported, citing unnamed sources, in a bid to build a better relationship with the Trump administration. President Trump called Gunvor a “Russian puppet” after the Swiss company made a bid for the international business of Russian oil […]
US natural gas futures have climbed to their highest level since March, driven by anticipated colder weather increasing domestic heating demand and record-breaking LNG exports to European and Asian buyers. The surge in natural gas prices contrasts sharply with a drop in crude oil prices, creating a new market dynamic that favors natural gas producers […]
The US International Development Finance Corporation (DFC) and Abu Dhabi sovereign investment fund ADQ have joined the newly formed Orion Critical Mineral Consortium (Orion CMC) for investments in critical mineral resources and supply chains, the parties announced on Thursday.
Technip Energies is a global engineering and technology company serving the energy industry. It specialises in LNG, hydrogen, sustainable chemistry and CO2 management, and has delivered over 20% of the world’s operating LNG capacity. The company also leads in modular and innovative project delivery models worldwide.
“The new refinery in Nigeria and some issues in securing domestic supplies played a role for those unique flows earlier this year. But going forward, with the refinery now aiming to secure domestic flows, and probably looking at other crude grades, it is difficult to forecast if the volume flowing from the U.S. to Nigeria will persist,” agreed Giovanni Staunovo, an analyst at UBS.