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(Reuters) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period …
Europe Drives LNG Import Growth as Asia Stumbles on Higher Price Read More »
Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday. The bank added it sees robust supply growth from non-OPEC countries over 2025-26 in the order of 1 million …
Morgan Stanley Sees Brent at $60/bbl by Early Next Year Read More »
Canada’s first-ever LNG export cargo has been shipped from the country’s Pacific Coast en route to Asia, a spokesperson for the Shell-led LNG Canada said on Monday. The cargo was loaded onto the tanker Gaslog Glasgow from LNG Canada’s site in Kitimat, British Columbia, just over a week after the facility confirmed first production and …
Canada Ships First LNG Export Cargo From Pacific Coast Read More »
The U.S. Supreme Court agreed on Monday to hear Enbridge’s bid to change the venue of Michigan’s lawsuit seeking to force the Canadian pipeline operator to stop operating a pipeline underneath the Straits of Mackinac, waterways linking two of the Great Lakes, over environmental concerns. The justices took up Enbridge’s appeal of a lower court’s ruling …
US Supreme Court to Hear Enbridge’s Venue Challenge to Michigan’s Pipeline Case Read More »
U.S. natural gas futures fell more than 6% on Monday, pressured by mild weather that kept heating and cooling demand subdued, allowing for larger-than-usual storage injections. The front-month gas futures for August delivery on the New York Mercantile Exchange (NYMEX) were down 25.3 cents, or 6.8% to $3.49 per million British thermal units (mmBtu) by …
US Natgas Prices Slide Over 6% on Mild Weather, Lower Demand Read More »
U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Total U.S. petroleum product supplied, …
US Crude Oil Output Hit Record in April, EIA Data Shows Read More »
Hedge funds sold energy stocks last week at the fastest pace since September 2024 and at the second-quickest clip in the last 10 years, as oil prices fell on easing Middle East tensions, a Goldman Sachs note seen by Reuters on Monday showed. Crude prices tumbled over $10 last week following a cease-fire between Israel …
Hedge Funds Sell Energy Stocks as Oil Slumps, Says Goldman Sachs Read More »
Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals. Market uncertainties stemming from U.S. President Donald Trump’s trade war, high interest rates and broader geopolitical …
Larger Deals Power Global M&A in H1, Bankers Signal Appetite for Megadeals Read More »
U.S. energy companies are eying renewed opportunities to build natural gas pipelines to tap in to Appalachia shale formations in Pennsylvania, Ohio and West Virginia, buoyed by U.S. President Donald Trump’s pro-energy policies and expectations that demand for the fuel will rise in coming years. The U.S. is already the world’s top gas producer and …
US Energy Firms Eye New Northeast Natgas Pipelines, Buoyed by Trump and Demand Outlook Read More »
World shares held just below recent record highs on Monday as the revival of U.S./Canada trade talks helped risk sentiment, while the dollar dipped on the prospect of this week’s U.S. jobs data ushering in an earlier Fed rate cut. Canada on Sunday said it had rescinded its digital services tax in a bid to …
World Shares Hover Near Record Highs as US-Canada Trade Talks Revived Read More »
