VEGOILS-Palm oil closes lower tracking rival soyoil
Malaysian palm futures closed on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over Chinese purchases of U.S. soy beans. The benchmark contract for palm oil delivery…
VEGOILS-Palm oil tracks rival soyoil lower
Malaysian palm futures declined on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over China's slow purchase of U.S. soya beans. By midday, the benchmark palm oil…
Palm extends its losses due to weaker oil rivals, and higher stockpile expectation
Malaysian palm futures declined for a second day on Thursday. They were pressured by lower edible oils on the Dalian and Chicago market and rising expectations. At closing, the benchmark palm oil contract on Bursa Derivatives…
Palm extends its losses due to weaker oil rivals, and higher stockpile expectation
Malaysian palm futures declined for a second day on Thursday. They were pressured by lower edible oils on the Dalian and Chicago market and rising expectations. By midday, the benchmark palm oil contract on Bursa Malaysia's…
US LNG Exports Hit Record High in November on Cooler Weather
U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country's two largest producers, preliminary data from financial firm LSEG showed on Monday.The U.S.…
Florida Republicans Oppose Trump's Offshore Oil Leasing Plan
Florida Republicans, led by Governor Ron DeSantis have said that they are opposed to a plan of the Trump administration which could allow for new oil and natural gas drilling off Florida's Gulf Coast.The reactions were in…
Enbridge Approves $1.4b Project to Expand Canadian Crude Pipelines into US
Canadian pipeline operator Enbridge on Friday approved a $1.4 billion expansion of its Mainline and Flanagan South pipelines, adding new capacity for Canadian heavy crude into the U.S. Midwest and Gulf Coast.The project adds…
ConocoPhillips lifts dividend, raises output forecast after profit beat
ConocoPhillips increased its quarterly dividend on Thursday and raised its full-year production projection after posting earnings that were above expectations in the third quarter, thanks to lower costs and higher output which offset weaker oil price.
Sources say US Gulf producer LLOG Exploration is interested in selling at a $3 billion valuation.
People familiar with the matter have said that LLOG Exploration Offshore has been exploring the possibility of a sale. This could value one the largest privately owned oil and gas producers on the U.S. Gulf Coast at more than 3 billion dollars, including debt.
ONEOK reports higher third-quarter profits as acquisitions payoff
ONEOK, the U.S. oil and gas pipeline operator, reported a higher profit in the third quarter on Tuesday. This was due to the robust volumes in Rocky Mountain Region as well as the effect of a number of acquisitions. ONEOK…
US Natural Gas Hits High Amidst Cooler Outlook
U.S. natural gas futures hit a two-week high on Tuesday, underpinned by sharply colder 1–2 week forecasts that are lifting heating demand expectations, a month-to-date dip in output and strong LNG feedgas demand.Front-month…
Sources claim that Colonial Pipeline will cut jobs.
According to two sources with knowledge of the situation and a statement from the company, The Colonial Pipeline Company informed its employees that it plans to reduce some positions this week. In response to questions about job cuts…
EIA: U.S. propane stocks well-stocked for winter heating season
U.S. Energy Information Administration reported on Tuesday that the U.S. has a good supply of propane for the winter. The EIA reported that the U.S. inventory of propane for the week ending September 26 was 103,000,000 barrels.
Slim's Grupo Carso signs $2 billion deal for Ixachi oil wells with Mexico's Pemex
Grupo Carso, controlled by Carlos Slim's family, announced on Monday that it had reached an agreement with the state oil company Pemex for the drilling of 32 onshore deep wells in the eastern part of Mexico. The deal is worth up to $1.99billion.
US Halves Chevron Exports of Venezuelan Oil
U.S. oil major Chevron is only able to export about half the crude its joint ventures produce in Venezuela with the latest rules laid out by Washington, three sources close to the matter said.The Treasury Department in late…
JERA in Talks to Buy $1.7b of US Natural Gas Assets
Japan's top power generator JERA is in advanced talks to buy natural gas production assets in the U.S. for around $1.7 billion, people familiar with the matter said, the latest example of the Asian nation investing in America's…
Canada and BC approve Ksi Lisims Liquefied natural gas project on Pacific Coast
The federal government of Canada and the province British Columbia have approved Ksi LNG, a project to build a liquefied gas export terminal on Canada's northwest Pacific Coast. The Canadian government, under the leadership of Prime Minister Mark Carney…
GASTECH-Japan’s JERA looks at Alaska and Qatari Liquefied Natural Gas to meet demand and diversify supply
JERA, Japan's largest power generator, is increasing its interest in U.S. LNG, especially from Alaska. It is also in talks with QatarEnergy about securing faster and more efficient routes for supply to Japan. JERA, the company's Chief Low-Carbon Fuel Officer…
EQT Corp. signs 20-year LNG contract with Commonwealth LNG Louisiana facility
The companies announced on Monday that the U.S. energy company EQT Corp would purchase 1 million tonnes of liquefied gas per year (mtpa), from Commonwealth LNG’s planned export facility on the Gulf Coast, near Cameron, Louisiana.
WhiteWater, Partners Move Ahead with Eiger Express Pipeline Construction
WhiteWater and its partners have reached a final investment decision (FID) to move ahead with the construction of the Eiger Express Pipeline, the infrastructure firm said on Monday.Driven by a boom in U.S. liquefied natural…