Sunday, August 16, 2026
Buyers of U.S. LNG cancel September cargoes but pace slows, sources say- oil and gas 360

Buyers of U.S. LNG cancel September cargoes but pace slows, sources say

Reuters LONDON – Buyers of liquefied natural gas (LNG) from the United States continued scrapping September loadings due to weak global gas demand but fewer cargos were cancelled than for the two previous months, industry sources said on Tuesday. The exact number of cancellations was not immediately clear. Two of the eight sources said as many as 25 or 26

Oil prices jump on vaccine hopes, EU deal- oil and gas 360

Oil prices jump on vaccine hopes, EU deal

Reuters LONDON  – Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up $1.24 cents at $44.52 by 1337 GMT, on track for its biggest daily rise since mid-June