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May 3, 2021

Energy lags in April. What two traders are watching in 2021’s top sector- oil and gas 360

Energy lags in April. What two traders are watching in 2021’s top sector

May 3, 2021

CNBC Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC’s “Trading Nation,” Craig Johnson, senior technical research analyst at Piper Sandler, said the group’s charts told a

LNG cargoes diverted from India as COVID crisis dampens demand -sources- oil and gas 360

LNG cargoes diverted from India as COVID crisis dampens demand -sources

May 3, 2021

Reuters Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday. Six LNG tankers diverted away from India since April 20, changing the destination to northeast Asia, Europe and Kuwait instead, said Rebecca Chia, an analyst with data intelligence firm Kpler.

North Carolina again denies permit for Mountain Valley gas pipe extension- oil and gas 360

North Carolina again denies permit for Mountain Valley gas pipe extension

May 3, 2021

Reuters The North Carolina Department of Environmental Quality (DEQ) again denied Mountain Valley Pipeline’s (MVP) request for a water permit for its proposed Southgate natural gas pipeline project from Virginia to North Carolina. Source: Reuters The DEQ first denied the request in August 2020. MVP appealed that decision to the U.S. Court of Appeals for the Fourth Circuit, which remanded the case

Iraq considering buying Exxon stake in West Qurna 1 oilfield - oil minister- oil and gas 360

Iraq considering buying Exxon stake in West Qurna 1 oilfield – oil minister

May 3, 2021

Reuters BAGHDAD -Iraq is considering buying ExxonMobil’s stake in the southern West Qurna 1 oilfield through the state-owned Basra Oil Company, the country’s oil minister said on Monday. The oil ministry is discussing BOC “taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon,” Ihsan Abdul Jabbar told a news conference, referring

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