Bidding War Between Asia and EU on Who Gets Most USA LNG
There’s basically a bidding war now between Asia and Europe on who gets the most U.S. LNG, according to RANE. There’s basically a bidding war now between Asia and Europe Continue Reading
Soaring global LNG prices push India’s regasification plan off track
s High gas prices impede infrastructure growth India’s 2022 LNG imports set to drop 12% on year: S&P Global Rationing of supplies amid tight availability Lofty global LNG prices and Continue Reading
OPEC President Is Open to Cutting Oil Production
High oil prices have been beneficial for OPEC+, an alliance of oil-producing countries that controls more than half of the world’s output. WSJ’s Shelby Holliday explains what OPEC+ countries are Continue Reading
Venezuelan Bolivar’s Crash Breaks Rare Stretch of Stability
The bolivar is plummeting, breaking a rare stretch of stability for Venezuela’s battered currency. It has lost a third of its value so far this month, hitting 9.33 bolivars per Continue Reading
Texas grid avoids summer blackouts with $1 billion in extra spending
Surging natgas prices have added to power price pressures ERCOT broke demand records 11 times this summer Line congestion woes put $2.1 bln strain on producer costs Aug 25 (Reuters) Continue Reading
California Set to Approve Rules to Ban Gasoline-Powered Cars by 2035
President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs Continue Reading
U.S. GDP Fell Less Than Previously Thought in Second Quarter
Brian Bethune, an economist at Boston College, said that the economy paused in the first half of 2022, but the solid labor market means it didn’t dip into a recession. Continue Reading
U.S. economy contracts mildly in second quarter; no sign of recession in underlying data
Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop Continue Reading
US Shale Could Erase Debt by 2024, Freeing Up Cash for Gas Pivot
US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas Continue Reading
Russian-held Ukrainian nuclear plant regains power link after cut amid nearby clashes
The last regular line supplying electricity to Ukraine’s Russian-held Zaporizhzhia nuclear power plant is working again after being cut earlier on Thursday, the United Nations said, an outage that underlined Continue Reading