Downstream

This post was originally published on this siteSummary Israeli forces take control of vital Rafah crossing US crude and product inventories expected to have fallen Saudi Arabia raises official selling prices in June LONDON, May 7 (Reuters) – Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle […]

This post was originally published on this site China’s Sinopec is in discussions with Pembina Pipeline Corp. for an LNG offtake agreement and equity stake in the Canadian company’s proposed Cedar LNG project, sources said.

This post was originally published on this site Total earnings from TC Energy’s pipeline segments came in at $1.66 billion, primarily driven by the Keystone pipeline, which achieved 96% “operational reliability”, TC Energy said.

This post was originally published on this siteThe amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so.The startup and shutdown of

This post was originally published on this siteU.S. energy major Exxon Mobil’s arbitration over Chevron’s plans to buy Hess’s Guyana oilfield stake will extend into 2025, Exxon CEO Darren Woods said to CNBC in an interview, souring expectations of a resolution this year. Exxon and CNOOC Ltd filed cases before the International Chamber of Commerce in March, seeking

This post was originally published on this site The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so.

This post was originally published on this site(Reuters) – Allete  said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt. The partnership would pay $67 per share in cash for all outstanding common shares of Allete, a premium of nearly

This post was originally published on this sitePipeline exports to Europe have slumped, turning focus to LNG Novatek’s Arctic LNG 2 is crucial to expanding export capacity Bloomberg Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly

This post was originally published on this siteMay 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and

This post was originally published on this siteGasoline demand growth to slow this year on EV growth in China, U.S. Summary China to make up more than half of global EV sales in 2024, impact gasoline demand European margins to weaken after new Nigeria refinery ups output U.S. gasoline consumption likely to be flat in