Dow Jones, S&P 500 and Nasdaq end at new record highs
U.S. stocks scored another round of records on Thursday, with all three...
U.S. stocks scored another round of records on Thursday, with all three major equity indexes posting back-to-back all-time highs, a day after the Federal Reserve said rate cuts look likely this year.
The Dow Jones Industrial Average rose about 269 points, or 0.7%, ending near 39,781
The S&P 500 index gained nearly 16 points, or 0.3%, closing around 5,241
The Nasdaq Composite Index advanced 32 points, or 0.2%, finishing near 16,401.
As part of an initiative dubbed "energy week," House Republicans have...
As part of an initiative dubbed "energy week," House Republicans have passed two bills to safeguard fracking from presidential intervention and to roll back fee increases for drilling on public lands. Yet, with Democratic dominance in the Senate and potential White House resistance, the bills are more of a symbolic gesture intended to outline the GOP's energy priorities ahead of the upcoming elections.
Freeport LNG is planning a debottlenecking project to increase its liquefied...
Freeport LNG is planning a debottlenecking project to increase its liquefied natural gas production by 10%, or 1.65 million short tons per year, following the completion of maintenance work on Trains 1 and 2 in early May, CEO Michael Smith revealed. The optimization project will increase Freeport's uncontracted supply available for spot-market trading to 3.3 million short tons per year and boost feed gas requirements to 2.5 Bcf/d, Smith said.
Williams' Louisiana Energy Gateway pipeline faces delays
Williams has postponed the completion of its 1.8-Bcf/d Louisiana Energy...
Williams has postponed the completion of its 1.8-Bcf/d Louisiana Energy Gateway natural gas pipeline in Louisiana and Texas from this year to the second half of 2025 due to a dispute with Energy Transfer, CEO Alan Armstrong has announced. The company is moving forward with construction after altering the pipeline's route to avoid the disputed area.
US certified gas market is still developing, execs say
MiQ CEO Georges Tijbosch hopes growing interest in certified liquefied...
MiQ CEO Georges Tijbosch hopes growing interest in certified liquefied natural gas cargoes from European and Asian buyers will ease the current oversupply in the US-certified natural gas market and boost near-zero premiums. EQT, for example, is not yet seeking a premium for its more than 4 Bcf/d of certified gas production, but William Jordan, the company's general counsel, says premiums are necessary in order to grow the market.
