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By Curtis Williams Cheniere plans 24 mtpa LNG plant expansion in Texas Expansion to add four new LNG processing trains Cheniere aims for federal approval by May next year HOUSTON, Feb 5 (Reuters) – Cheniere Energy, the largest liquefied natural gas exporter in the U.S., has submitted an application to build a 24 million metric …
Cheniere Submits Application to Build Massive LNG Plant in Texas Read More »
By Julian Hast US natural gas consumers withdrew more gas from storage last week than they ever have before as a powerful late-January storm boosted demand for the heating fuel while also disrupting production across key gas-producing basins. Consumers withdrew 360 billion cubic feet of gas in the week leading up to Jan. 30, the …
Arctic Blast Triggers Largest-Ever US Gas Storage Withdrawal Read More »
Feb 5 (Reuters) – Phillips 66 (PSX.N) will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations, Bloomberg News reported on Thursday, citing a filing with California’s employment regulator. Reporting by Sumit Saha in Bengaluru; Editing by Shailesh Kuber
(Reuters ) – Kuwait Oil Company (KOC) is in talks with some U.S. firms on potential cooperation to develop its shale oil and gas resources, its chief executive said on Thursday. KOC is “engaging with some U.S. operators to explore how their expertise can support the development of Kuwait’s shale oil and shale gas resources,” …
Kuwait Oil in Talks with US Operators to Develop Shale Oil, Gas Resources Read More »
Summary US, Iran prepare for talks on Friday About a fifth of global oil consumption passes through Strait of Hormuz Volatility leads to record WTI Midland contracts in January Brent crude still close to five-month high (Reuters) – Oil prices fell more than 2% on Thursday but held close to multi-month highs after the U.S. …
Oil Falls More Than 2% on Easing Supply Concerns After US, Iran Agree to Talks Read More »
U.S. energy firms likely pulled a bigger-than-usual 374 billion cubic feet of natural gas from storage last week as an Arctic freeze boosted heating demand, according to the average estimate in a Reuters poll released on Wednesday. That figure compares with a draw of 195 bcf during the same week a year ago, and a …
Investors rushed to lock in oil prices at record levels in January amid concerns around Iranian crude supplies and more Venezuelan barrels heading to the U.S. Gulf Coast. Hedging can help producers reduce risk and protect their production from sharp moves in the market by locking in a price for the oil. It can …
Traders Rush to Lock in Oil Prices Amid Iran Geopolitical Risk, More Venezuelan Supply Read More »
(Reuters) – U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending January 30, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.5 million barrels to 420.3 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 489,000-barrel rise. Crude …
US Crude Oil and Distillate Inventories Fell Last Week, Gasoline Rose, EIA Says Read More »
Summary Trump wants India to stop buying Russian oil India keeps silent but has reduced imports Russia has cut price of oil, budget suffers US pressure rises at critical moment in Ukraine peace talks (Reuters) – Russia faces a steep drop in oil income if U.S. President Donald Trump successfully pressures India to stop importing Russian …
Trump’s India Pact to Make Big Dent in Russian Oil Revenue Read More »
Summary Investors monitor Washington-Tehran developments Drone attack and tanker incident in focus Prices also supported by US inventory draw (Reuters) – Oil prices rose on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation between Washington and Tehran ahead of planned talks. …
Oil Prices Rise on U.S.-Iran Tensions; Broader Selloff Caps Gains Read More »
