US stock futures fall early Wednesday as investors await a debate...
US stockfutures fall early Wednesday as investors await a debate in the House of Representatives on a deal to raise the debt ceiling. Check out the latest market moves.
Earnings on deck: Salesforce, Nordstrom, and more, all reporting.
New Mexico officials appeared before Congress last week...
New Mexico officials appeared before Congress last week to express support for a federal proposal to allow conservation leases on public lands. Addressing concerns about the possible adverse effects on fossil fuel extraction and ranching, New Mexico Public Lands Commissioner Stephanie Garcia Richard clarified that the proposed rules aim to expand land use options, foster pollution reduction and protect natural resources.
New malware called "CosmicEnergy" can take out electric...
New malware called "CosmicEnergy" can take out electric grids and other critical infrastructure, similar to the Industroyer program that disabled Ukraine's power supply in 2016. Mandiant researchers say that Russia's national telecom operator Rostelecom may have developed CosmicEnergy, which works by controlling remote terminal units, for training purposes.
US LNG cargo cancellations loom as global prices fall
Traders are sounding the alarm over the growing...
Traders are sounding the alarm over the growing likelihood of US LNG cargo cancellations in the coming months as global LNG prices continue to plummet. While current price spreads remain favorable for US LNG exports, cancellations may occur if LNG spot prices dip into the low single digits, which would lead to price declines and an oversupply in the US market.
Despite growing long-term demand for natural gas, approximately...
Despite growing long-term demand for natural gas, approximately two-thirds of new global final investment decision volumes are for oil, according to Wood Mackenzie data.
Not only is the majority of exploration capital spend weighted toward oil, but oil-focused projects also tend to pay back faster than gas-focused exploration.
Capital spending on gas-focused exploration is continuing a multi-year downward trend, which WoodMac believes is an insufficient amount of capex in gas required to meet global demand.
