Oil Prices Rise on Iran Sanctions and Decline in US Crude Stocks
Summary U.S. President Trump softens tone on China and Powell Brent crude benchmark hits highest in almost three weeks Official U.S. crude stocks data at 1430 GMT (Reuters) – Oil…
Woodside Weighs Trump Tariff Impact on $1.2 Billion Louisiana LNG Project
Woodside acquired the project, formerly called Driftwood, from Tellurian for $1.2 billion last year to position itself as a “global LNG powerhouse”. The first of four development phases is expected…
ConocoPhillips Plans Layoffs as Part of Broad Restructuring
The job cuts are the latest sign of pain in the oil and gas industry, which is facing higher costs and lower revenues as prices hover around $63 a barrel.…
Democrat Phillips Resigns From US Energy Regulatory Panel
(Reuters) – Willie Phillips, a Democratic commissioner on the U.S. Federal Energy Regulatory Commission, resigned on Tuesday, opening the way for President Donald Trump to nominate another member who would…
North Dakota Oil Prices Near Breakeven Levels in Market Rout, State Regulator Says
(Reuters) – North Dakota oil prices are near breakeven levels, the state’s oil and gas regulator said on Tuesday, as a global trade war has stoked concerns of a recession…
EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion
(Reuters) – EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion. The company also beat first-quarter…
US LNG Headed to Asia Fetches More Than Cargoes to Europe for First Time in 7 Months
By Liquefied natural gas traders can make a better profit from selling US LNG cargoes in Asia than offering the fuel in Europe, an opportunity that opened up for the…
US Disburses Part of Loan to Michigan Nuclear Power Plant for Restart
By WASHINGTON, April 22 (Reuters) – A Michigan nuclear reactor hoping to be the first in the United States to restart after permanent closure has received about 10% of $1.52…
Devon Energy Gains on Plans to Boost Free Cash Flow by $1 Billion
** Shares of oil and gas producer Devon Energy rise 3.7% to $30.57 premarket ** Company says it plans to boost its annual free cash flow by $1 billion by…
Oil Prices Rise on Short-Covering, But Tariff Worries Linger
Summary • Economic concerns remain owing to US tariffs and monetary policy• US-Iran nuclear talks could boost oil supply• US oil stockpiles expected to have fallen last week, poll shows…
