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(Reuters) – Exports of liquefied natural gas from the U.S. fell in January to 11.3 million metric tonnes – down from December’s record of 11.5 MT – as a winter freeze late in the month shuttered some plants and lowered output at others, preliminary data from financial firm LSEG show. Gas flows into U.S. LNG …
Winter Freeze Cut US LNG Output in January; Imports From Trinidad Helped Fill Gap Read More »
(Reuters) – The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18% from 25%, a White House official said on Monday. “We are also dropping the 25% tariff given India’s agreement to stop buying Russian oil,” the …
By Skylar Woodhouse and Shruti Srivastava President Donald Trump said he will slash tariffs on India to 18% after Prime Minister Narendra Modi agreed to stop buying Russian oil, easing tensions between the two countries. Trump said Monday on social media that, following a phone call with Modi, he will lower his tariff on Indian …
Trump Cuts India Tariffs in Deal He Links to Russian Oil Read More »
Artificial intelligence already has a big footprint in stocks. Now lending for data centers is becoming a factor in bonds and credit. By Paula Seligson More than $3 trillion. That’s the staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, …
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets Read More »
By Dorothy Ma Nine Energy Service Inc., a Houston-based oil field vendor, filed for Chapter 11 bankruptcy on Sunday as it struggled with high leverage and a shrinking business amid a slowdown in drilling programs. The deal will see a “complete equitization” of its $320 million first-lien notes due 2028, according to . The company …
Oil Field Vendor Nine Files Bankruptcy to Cut $320 Million Debt Read More »
By Julian Hast, Stephen Stapczynski, and Sing Yee Ong US natural gas futures plummeted on Monday as weather forecasts for mid-February shifted significantly warmer, marking the largest daily loss for the front-month contract on a percentage basis since 1995, excluding contract rollover days. The March contract settled down 25.7% to $3.237 per million British thermal …
US Natural Gas Plunges by Most in About 30 Years on Warm Weather Read More »
(Reuters) – Shell’s CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market.
United Steelworkers members at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana agreed to a rolling 24-hour contract extension at the largest refinery in the U.S. Midwest, the company said in a statement on Sunday.This would mean that the current collective bargaining agreement would automatically renew every 24 hours unless either the union or BP cancels the …
BP’s Whiting Refinery Union Workers Agree to 24-Hour Rolling Extension Read More »
Reuters There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks. The first is whether U.S. President Donald Trump does decide to start a shooting war with Iran, and if he does whether both sides will be able …
Two Things OPEC+ Can’t Control. Trump and China Imports: Russell Read More »
ABOARD AIR FORCE ONE – (Reuters) – U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world’s third-biggest oil importer buys. “We’ve already made that deal, the concept of the deal,” Trump told reporters aboard Air Force One as he traveled to …
