UAE’s Adnoc has taken a final investment decision to build its liquefied natural gas (LNG) export terminal in Al Ruwais. Adnoc also awarded the $5.5 billion EPC deal to a joint venture led by France’s […]
Saudi Arabia’s energy behemoth Aramco has signed a non-binding deal to buy liquefied natural gas from NextDecade’s Rio Grande LNG export terminal in Texas. Under the terms of heads of agreement, Aramco expects to buy […]
The Chinese Embassy in New Delhi has expressed the nation’s desire to advance bilateral ties “in the right direction” Beijing is willing to work with New Delhi to improve relations following Narendra Modi’s election […]
Daily Standup Top Stories ADNOC Moves Ahead With Huge LNG Export Project in UAE June 12, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the […]
Higher for longer becomes formalized one meeting at a time, as projections for “longer-run” federal funds rate keep getting raised. By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to maintain the Fed’s policy rates unchanged, […]
Billionaire Warren Buffett bought almost 2.57 million common stocks from Occidental Petroleum Corp. last week for about $153.3 million. The purchase, made in three tranches, has increased Berkshire Hathaway Inc’s common shares in the United […]
HOUSTON, June 12 (Reuters) – Oil settled higher on Wednesday as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December capped gains, […]
DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain […]
Stocks of leading electric vehicle manufacturers are selling off after Turkey imposed 40% tariffs on EV imports from the Middle Kingdom. Ample government support in the form of incentives and subsidies has given Chinese EV […]
Oil prices steadied as traders await Wednesday’s interest-rate decision from the Federal Reserve to gauge the economy’s strength and the trajectory of oil demand. West Texas Intermediate swung between gains and losses before ending the […]
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