Tuesday, June 24, 2025
U.S. LNG Export Industry Loses a Strong Founder, Chairman - Oil & Gas 360

U.S. LNG Producers Offer Alternative Pricing to Woo Buyers

From Reuters U.S. producers of liquefied natural gas (LNG) are wooing buyers with offers to sell gas priced against benchmarks other than U.S. domestic prices, ahead of an expected flood of supplies on global markets this year. The United States, the world’s fastest growing gas exporter thanks to surging output from shale fields, is set to become the world’s third-largest

Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360

They Can’t Give It Away: Texas Natural Gas at All-Time Negative Lows

From Reuters Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to record negative levels – meaning some drillers are paying those with spare pipeline capacity to take the unwanted gas and are getting nothing for it. The drop in prices has been caused by weak demand and recent equipment problems on a key pipeline

Three Importers Cut Iran Oil Shipments to Zero

From Reuters Three of eight importers granted waivers by Washington to buy oil from Iran have now cut their shipments to zero, a U.S. official said on Tuesday, adding that improved global oil market conditions would help reduce Iranian crude exports further. The United States reimposed sanctions on Iran after President Donald Trump last May withdrew the country from a

Weekly Oil Storage: Build Accelerates

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 7,238 MBBL last week to 449,521 MBBL from 442,283 MBBL. This is 6% above the 425,332 MBBL that was in storage at this point last year, and is even with the five-year