Reuters LONDON – Brent oil futures fell on Wednesday from a four-month peak hit in frenzied early trading after a rocket attack by Iran on American forces in Iraq appeared to have no impact on oil infrastructure or crude flows. Tweets by U.S. President Donald Trump and Iran’s foreign minister also seemed to signal a period of calm – for
The Edgartown conservation commission, in a 5-1 vote, has denied a permit for cables that would pass through the Muskeget Channel. Vineyard Wind proposed to bury two 400 megawatt export cables one mile off Chappaquiddick from its proposed wind farm 15 miles south of Martha’s Vineyard to a site in Barnstable. The cables had been approved by the Martha’s Vineyard
By Tyler Losier, Energy Reporter, Oil & Gas 360 The United States has been a net exporter of natural gas since 2017 In the United States, natural gas is one of the most prevalent sources of energy, and according to the EIA, in 2018, 90% of the natural gas consumed by Americans was produced domestically. In general, thanks to the
Boeing-Airbus subsidy dispute heats up From the AJOT The U.S. added new products from the European Union to potentially target with retaliatory tariffs in a long-running trans-Atlantic subsidy dispute between Boeing Co. and Airbus SE. The U.S. Trade Representative’s office on Monday published a list of $4 billion worth of EU goods they could hit with duties as retaliation for
From The Houston Chronicle Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer of the state-run producer. “We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply through the Red Sea
From Bloomberg Oil cartel proposes early July gathering as stalemate eases, WTI extends gains further after API sees declining stockpiles Oil surged to its biggest gain in five months as OPEC and its allies moved closer to a meeting to extend supply cuts while the European Central Bank raised hopes of a new stimulus to pump up demand. Futures in
Morgan Stanley sees the two countries reaching a pact in 2019 LNG may cut U.S.-China trade deficit by $17 billion: bank Here’s another reason for Presidents Donald Trump and Xi Jinping to seal a swift trade deal: it could put the U.S. on track to become China’s biggest supplier of liquefied natural gas, according to Morgan Stanley. A pact this
From Bloomberg Pacific Bravo en route Hong Kong, senior U.S. official says accepting the ship would expose city to sanctions The U.S. warned Hong Kong that it could face penalties if it does business with an oil tanker headed for the city that allegedly violated sanctions on Iran. Washington wants to put China and the autonomous city on notice that
From Bloomberg Ozark pipeline out of Cushing storage hub was shut last week, futures still down on talk of China rare-earths restrictions Oil pared losses after hitting the lowest level since March as a pipeline that drains crude from the key Cushing, Oklahoma, supply hub was said to be ready to restart Thursday. Futures closed the trading session down 0.6%
From AJOT/Bloomberg The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. The proposal, laid out in a Federal Register notice released on Thursday, would let U.S.-based companies seek anti-subsidy tariffs on products from countries found by the U.S. Treasury Department to
Upbeat state visit overweight on optics, but visit to potent warship signals upgraded trajectory for Japan-US alliance From Asia Times US President Donald Trump’s state visit to the Land of the Rising Sun started on Saturday. With Japanese Prime Minister Shinzo Abe facing elections in both houses of the Diet in July, and with Trump facing mounting challenges on the
From Reuters The European Union will seek to double imports of liquefied natural gas (LNG) from the United States by 2023, as part of its efforts to ease transatlantic trade tensions and reduce its reliance on Russian gas. U.S. Energy Secretary Rick Perry and EU Energy Commissioner Miguel Arias Canete hold a joint news conference at the EU Commission headquarters
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