Monday, July 14, 2025
Oil slides to its worst quarter this year on demand worries - Oil and Gas 360

Oil slides to its worst quarter this year on demand worries

From The Houston Chronicle Oil recorded its weakest quarter since late last year as fears over a global economic slowdown overshadowed an unprecedented attack on Saudi Arabia’s key energy facilities. Brent futures slumped 8.7% since the end of June after a brief spike earlier this month due to drone strikes on the Abqaiq processing facility and Khurais oil field. Despite

Magnolia LNG one step closer to getting permission to boost capacity - Oil and Gas 360

Magnolia LNG one step closer to getting permission to boost capacity

From The Houston Chronicle Australian liquefied natural gas company LNG Limited is one step closer to getting permission to boost capacity at its proposed Magnolia LNG export terminal in Louisiana. The Federal Energy Regulatory Commission released a draft environmental statement of the company’s proposed plans on Friday allowing the request to move to the next step in the process. LNG