Washington is discussing scenarios that could potentially draw it into a war in the Middle East, officials told the outlet The White House is worried that the conflict in Gaza could expand to other parts […]
Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European prices also decreased compared to the previous week. Last week, spot LNG freight rates continued their […]
India’s largest gas utility GAIL has signed a long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol. Under the deal, Vitol Asia will deliver 1 million metric tons of LNG to GAIL […]
The embargo will come into force in 2025, Finnish Climate Minister Kai Mykkanen says Finland will ban imports of Russian liquefied natural gas (LNG) from next year, Environment and Climate Minister Kai Mykkanen said on […]
Yahoo Finance (Reuters) –Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, […]
Investing U.S. refiner and petrochemical manufacturer Phillips 66 (NYSE:PSX) is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company […]
Despite enormous federal and state subsidies for rooftop solar installations, the industry is failing due to a change in California’s “net metering” law that lowered the rate that rooftop homeowners could receive for their excess […]
The Fed has shed 31% of the Treasury securities it had added during pandemic QE. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) hums along on autopilot. But the banks have figured out since one-year […]
Automakers screwed up the market for decades with price increases and going upscale. Now they pay the price with dismal volume. By Wolf Richter for WOLF STREET. Total new vehicles delivered to retail customers and fleets (dominated by […]
Data source: Refinitiv Eikon The U.S. benchmark Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price, according to data […]
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