U.S. Natgas Flows Fall to 11-Month Low at Cheniere Sabine LNG Export Plant

The amount of natural gas flowing to U.S. liquefied natural gas firm Cheniere Energy’s Sabine Pass export plant in Louisiana was on track to drop to an 11-month low on Friday, according to data from financial firm LSEG. Reductions at Sabine and other U.S. LNG export plants have often had a major impact on global …

U.S. Natgas Flows Fall to 11-Month Low at Cheniere Sabine LNG Export Plant Read More »

Major Chinese Asset Managers Have No Plans to Phase Out Fossil Fuel Investments

(Reuters) – Major Chinese asset managers have billions of dollars invested in fossil fuels with no plans for a phase out, a new Greenpeace report said. The environmental organisation’s analysis of 16 major Chinese asset managers released on Thursday said that they have invested a combined 267.2 billion yuan ($36.79 billion) in high-carbon sectors and …

Major Chinese Asset Managers Have No Plans to Phase Out Fossil Fuel Investments Read More »

U.S. Offers $850 Million in Grants to Clean up Oil Sector Methane Emissions

(Reuters) – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY …

U.S. Offers $850 Million in Grants to Clean up Oil Sector Methane Emissions Read More »

U.S. Crude and Fuels Stocks Fell Last Week – EIA Said

U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.5 million barrels in the week ending June 14 to 457.1 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.2 million-barrel draw. Stocks at the Cushing, Oklahoma, …

U.S. Crude and Fuels Stocks Fell Last Week – EIA Said Read More »