When BP Plc meets with shareholders next week, it’ll be facing one of the clearest signals yet that the fossil-fuel business is facing an adapt-or-die reckoning. A resolution at the company’s annual…
First Annual Eastern Mediterranean Energy Leadership Summit
Interest in the Eastern Mediterranean has increased during the last years with the discovery of major gas fields such as Tamar, Leviathan and the giant Zohr field in Egypt. These have opened…
Prices stable amid lack of end-user buying
LONDON (Reuters) – Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering from a significant dip in March. LNG for delivery in northeast Asia…
America’s LNG exports could triple with Venture Global plan
Venture Global LNG Inc revealed a massive expansion of its plans to send super-chilled US natural gas overseas, a move that would almost triple the nation’s ability to export the fuel. The…
Gas Tax for Infrastructure Sparks Fears of Political Backlash
Democrats and Republicans are quick to talk up a bipartisan infrastructure deal. Yet neither party wants to take the political risk of paying for it when all options are toxic — including…
Iran oil exports to slide in May, ‘but not to zero’
LONDON (Reuters) – Iranian oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by…
Oil bulls back off as US drilling surge puts strain on rally
Oil investors are losing faith in the crude rally, more moved by the US drilling boom than geopolitical tensions, according to Bloomberg. Money managers slashed optimistic wagers on US oil prices for…
Russia misses Opec+ oil cuts target in April
Russia pumped more crude last month than agreed under the Opec+ deal, lagging behind Energy Minister Alexander Novak’s pledge to comply with the pact. Russia produced 45.97mn tonnes of crude in April,…
Australia iron ore exports rebound in April, but not enough
By Clyde Russell LAUNCESTON, Australia, May 1 (Reuters) – Australia’s iron ore exports rebounded in April after being hit by a cyclone the prior month, but the surge in shipments wasn’t enough…
US Steel set to invest $1bn after pollution control lawsuit
US Steel Corp’s plan to invest more than $1bn at two of its Pennsylvania plants helps alleviate two key complaints against the once-dominant company: it had under-invested until recently in its facilities…