Monday, May 18, 2026
Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus- oil and gas 360

Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus

Reuters NEW YORK – The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to repress the coronavirus. Worldwide gas prices have plunged to record lows in Europe and Asia as lockdowns squeeze demand. Consumption of liquefied natural

Oil prices rise ahead of OPEC+ meeting on output cuts- oil and gas 360

Oil prices rise ahead of OPEC+ meeting on output cuts

Reuters LONDON  – Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week. Benchmark Brent crude LCOc1 rose 2.2%, or 83 cents, to $39.15 a barrel as of 1215 GMT. U.S. West Texas Intermediate (WTI)

Oil prices steady, awaiting confirmation of surprise U.S. inventory build- oil and gas 360

US scraps over 10,000 acres of oil auctions amid Covid-19 uncertainty

Offshore Technology The Trump Administration has scrapped a series of oil and gas licencing auctions, halting new offshore developments in US territory as the Covid-19 pandemic continues to disrupt the oil and gas industry. The Bureau of Land Management (BLM), the body within the Department of the Interior responsible for lease sales on around 245 million acres of public land,