Yemen's Iran- aligned Houthis claimed responsibility for the attack that knocked out about 5 million barrels or 5% of global production, but U.S. The Strategic Petroleum Reserve, managed by the Energy Department, is held in heavily-guarded underground caverns on the Texas and Louisiana coasts. Washington in the past has participated in coordinated...
Spot prices for October delivery to northeast Asia are estimated at $4.90- $5.20 per million British thermal units, against around $4.40 a week ago, market sources said. The October contract on the Dutch market, a benchmark for LNG arriving in Europe, has risen by more than $1 since the end of last week and traded over $5/ mmBtu on Friday. Another trader said the impact...
U.S. fertilizer company Mosaic said it would idle its Louisiana phosphates operations to cut production by about 500,000 metric tons in 2019.
Prices of the crucial fertilizer ingredient have been have been under pressure since late 2018 as demand remains weak and capacity expansions in Morocco and Saudi Arabia have increased output and exports. Mosaic also said it would temporarily curtail potash production at Colonsay mine in Saskatchewan. In June, it had permanently closed its Plant City...
Sept 9- U.S. fertilizer company Mosaic Co said on Monday it would idle its Louisiana phosphates operations to cut production by about 500,000 tonnes in 2019 as more imports into the country have pushed down prices.
LONDON/ LAGOS, Sept 9- Nigeria's oil, displaced by U.S. shale, has found an unlikely new outlet this year: the coast of the continental United States that is farthest from the African country's shores. But no pipelines easily connect the shale hub at the Permian basin, located in Texas and New Mexico, to the West Coast, driving the latter to look to Nigeria to quench its...
JOHANNESBURG, Sept 6- South African petrochemicals company Sasol's 2019 finical results will be delayed further after additional work was commissioned under a review at its U.S. ethane cracker project, it said on Friiday, sending its share price lower. The world's biggest maker of coal-derived motor fuel had previously postponed release of its results to...
LONDON, Sept 4- Royal Dutch Shell, one of the world's largest liquefied natural gas suppliers, has asked U.S. regulators to extend the time by which it should complete an LNG export project in Louisiana by five years to 2025, regulatory filings showed. About a dozen projects in North America, mostly in the Gulf of Mexico, are vying for FID this year or early next year to...
LNG exporter, said on Tuesday that train 2 of the Corpus Christi liquefied natural gas export terminal in Texas was substantially complete. Cheniere has five liquefaction trains operating at Sabine Pass LNG export terminal in Louisiana and two at Corpus Christi. Natural gas use is growing rapidly around the world as countries like China seek to wean their...
Gulf of Mexico due to the threat from Hurricane Dorian. Some computer models project Dorian may cross the Florida peninsula and enter the Gulf of Mexico. Oil and gas operations in the Gulf of Mexico account for 16% of U.S. crude oil output and about 4% of U.S. natural gas.
HOUSTON, Aug 30- Chevron Corp began evacuating non-essential workers on Friday from the Petronius and Blind Faith platforms in the eastern Gulf of Mexico due to the threat from Hurricane Dorian, the company said. Exxon Mobil Corp said it was closely monitoring Dorian, but its Gulf of Mexico operations were normal on Friday both on-shore and off-shore.
HOUSTON, Aug 29- Chevron Corp's 356,440 barrel-per-day Pascagoula, Mississippi, refinery is closely monitoring the progress of Hurricane Dorian, a company spokesman said on Thursday. Dorian is churning across the Atlantic Ocean toward landfall on the Atlantic coast of Florida over the weekend and may enter into the eastern Gulf of Mexico next week, according...
FED' S KAPLAN SAYS DO NOT SEE THIS AS A RATE-CUTTING CYCLE- BLOOMBERG INTERVIEW.
LONDON, Aug 23- Asian spot prices for liquefied natural gas held steady this week, supported by demand from Japan where sweltering weather continued, catching some buyers short. Deals for spot October delivery to Northeast Asia were heard at $4.70 per million British thermal units, slightly below last week's $4.80 per mmBtu, sources said. For September delivery,...
LA INTERNATIONAL AIRPORT SAYS US CUSTOMS AND BORDER PROTECTION EXPERIENCING ISSUE WHICH APPEARS TO BE IMPACTING MULTIPLE AIRPORTS INCLUDING LAX- TWEET.
JOHANNESBURG, Aug 16- Sasol Ltd delayed the release of its annual financial results on Friday due to possible "control weaknesses" at its U.S. ethane cracker project, sending shares in the chemicals and energy company down by more than 15%. Sasol said its auditors would need to consider an independent report the board had commissioned into its Lake Charles...
WASHINGTON, Aug 16- U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. Housing starts dropped 4.0% to a seasonally adjusted annual rate of 1.191 million units last month, the Commerce...
WASHINGTON, Aug 16- U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. Housing starts dropped 4.0% to a seasonally adjusted annual rate of 1.191 million units last month, the Commerce...
JOHANNESBURG, Aug 16- South Africa's Sasol Ltd delayed the release of its annual financial results on Friday due to possible "control weaknesses" at its U.S. ethane cracker project, sending shares in the chemicals and energy company down by more than 15%. Sasol said its auditors would need to consider an independent report the board had commissioned into its Lake...
MONACA, Pa./ WASHINGTON, Aug 13- President Donald Trump told workers on Tuesday at a $6 billion petrochemicals plant being built in western Pennsylvania that more big U.S. energy projects were coming as his administration rolls back environmental regulations. Trump won Pennsylvania in that election by less than 1 percentage point, and he has visited the state...
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