The annual average natural gas demand at U.S. LNG export plants is on track to inch down this year for the first decline since America began exporting LNG in 2016, according to data from LSEG cited by Reuters. Outages at some LNG facilities and delays to the construction of new plants are likely to slightly...Continue Reading

Turkey Gets Waiver to Pay for Russian Gas via Sanctioned Gazprombank | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 20, 2024, 9:30 AM CST Turkey has obtained a waiver from the United States to pay for natural gas to Russia via the now-sanctioned Russian...Continue Reading

A Shipbuilding Boom in 2024 | OilPrice.com Premium Content By Editorial Dept – Dec 20, 2024, 8:30 AM CST Wary of Worsening Export Economics, Chinese Refiners Flushes Out Stocks – Chinese companies maximized their exports of oil products in November, ahead of an increase in government levies after Beijing reduced the country’s VAT rebate for...Continue Reading

Oil Prices Under Pressure as Weak Demand and Economic Uncertainty Persist | OilPrice.com Premium Content By Editorial Dept – Dec 20, 2024, 8:30 AM CST Light crude oil futures are facing bearish sentiment, largely driven by concerns over global economic growth and oil demand. Weak consumer spending data from China, the world’s largest oil importer,...Continue Reading

Israel Strikes Multiple Targets in Yemen | OilPrice.com Premium Content By Editorial Dept – Dec 20, 2024, 8:30 AM CST Politics, Geopolitics & Conflict Venezuela’s PDVSA and India’s Reliance Industries have resumed a cautious oil-for-naphtha swap arrangement paused under U.S. sanctions, signaling a recalibration of geopolitical oil strategies. With a U.S. license in hand since...Continue Reading

By Editorial Dept – Dec 20, 2024, 8:30 AM CST Turkey has mediated a deal between Ethiopia and Somalia to grant the former access to the Red Sea and the Indian Ocean, ending a year-long dispute that threatened to spark a regional conflict. But the new deal voids an earlier deal with Somalia’s breakaway region...Continue Reading

Iran’s Floating Oil Storage Jumps Amid Tighter Sanctions | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 20, 2024, 8:30 AM CST Iran’s oil is increasingly finding its way into...Continue Reading

Bearish Sentiment Takes Hold in Oil Markets | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Dec 20, 2024, 8:05 AM CST Sentiment in oil markets is decidedly bearish as the year draws to a close, with the Federal Reserve making...Continue Reading

Trump: “Tariffs All The Way” if EU Fails to Buy More U.S. Oil and Gas | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 20, 2024, 7:30 AM CST The...Continue Reading

Mining Giant BHP: Trump Tariffs Will Hold Back the Energy Transition | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 20, 2024, 6:40 AM CST President-elect Trump’s proposed tariffs and...Continue Reading