Russia’s oil and gas sector, a cornerstone of its economy and a key funding source for the ongoing conflict in Ukraine, is facing a sharp downturn this month. According to estimates, revenues from these exports are projected to plummet by 23% year-on-year to approximately $7.11 billion (592 billion rubles) in September 2025. This decline, driven […]
Hanwha Ocean said on Wednesday the order worth 1.9336 trillion won ($1.39 billion) is for seven 15,880-teu LNG dual-fuel container ships. These vessels will be constructed at Hanwha Ocean’s Geoje yard and are scheduled for delivery in 2028 and by the first half of 2029. Earlier this year, LNG Prime reported, citing sources, that Taiwan’s Yang […]
The country imported 2.88 billion cubic meters, or about 2.2 million metric tonnes of LNG in August, via long-term contracts and spot purchases. August LNG imports were similar to those of the previous month, when they reached 2.95 bcm. Are you Paying High Taxes in New Jersey, New York, or California? India imported 14.17 bcm of LNG during […]
NFE said in a statement that the contract is currently under review for approval by the Financial Oversight and Management Board of Puerto Rico. Moreover, the gas supply agreement (GSA) will provide supply of natural gas to Puerto Rico’s power system for a term of seven years. NFE said this long-term arrangement will support Puerto […]
The country’s LNG imports decreased to 5.35 million tonnes last month compared to 5.72 million tonnes in August 2024. However, LNG imports rose slightly compared to 5.26 million tonnes in the prior month, which dropped by 6.3 percent year-on-year. The ministry’s data previously showed that Japan imported 32.14 million tonnes during the first six months of this year, down by […]
Daily Standup Top Stories Fed cuts rates by 0.25% after flagging risks from softening labor market September 17, 2025 Clark Savage The Dow Jones Industrial Average eked out a modest 0.1% increase, while the Nasdaq Composite rose 0.5%, reflecting optimism about lower rates fueling innovation and spending. The U.S. dollar, which had been battered in recent […] […]
Chord Energy has announced a definitive agreement to purchase assets in the Williston Basin from XTO Energy, a subsidiary of ExxonMobil Corporation, for $550m. The acquisition encompasses 48,000 net acres in the Williston Basin, with an 86% operated working interest and an 82% net revenue interest. The assets include 90 net 10,000ft equivalent locations, with […]
The Dow Jones Industrial Average eked out a modest 0.1% increase, while the Nasdaq Composite rose 0.5%, reflecting optimism about lower rates fueling innovation and spending. The U.S. dollar, which had been battered in recent sessions, staged a partial recovery against major currencies, climbing 0.4% against the euro as investors weighed the Fed’s forward guidance […]
Russia’s oil export machine, a cornerstone of its economy amid ongoing sanctions and geopolitical tensions, is showing signs of strain. Weekly crude exports plummeted to an average of 3.18 million barrels per day (bpd) in the seven days ending September 14, 2025—the sharpest weekly drop since July 2024, down by a staggering 934,000 bpd from […]
The U.S. is exploring a $5 billion mining investment fund, which would represent its largest direct involvement in securing critical minerals. This initiative aims to address concerns about mineral supply chains, given China’s dominance in processing and expanding abroad. Shares of rare earth companies like MP Materials and USAR have surged following the news of […]
