Dow slides 200 points, S&P 500 tumbles for a fourth day after Trump threatens tariffs on EU, Apple
Stocks opened sharply lower Friday, with investors spooked by President...
Stocks opened sharply lower Friday, with investors spooked by President Donald Trump's latest tariff threats. The main indexes came off their lows throughout the session, but still headed into the long holiday weekend with stiff weekly losses.
Executives have warned that growth in Permian Basin natural gas production is rapidly creating an urgent need for expanded pipeline capacity to transport the increased supply. The increase in gas output has been driven by rising gas-to-oil ratios and strong demand for US liquified natural gas exports.
Chinese firm inks LNG supply deal with ConocoPhillips
Guangdong Pearl River has signed a 15-year liquified natural gas purchase...
Guangdong Pearl River has signed a 15-year liquified natural gas purchase agreement with ConocoPhillips, potentially marking the first US LNG deal by a Chinese company since tariffs were imposed this year. The agreement, signed at the World Gas Conference, involves the supply of 300,000 metric tons of LNG annually starting in 2028, with prices linked to the Henry Hub.
Mountain West region holds untapped oil, gas resources
A newly released US Geological Survey assessment points to significant...
A newly released US Geological Survey assessment points to significant oil and gas reserves within southwestern Wyoming, as well as portions of Colorado and Utah. These findings indicate the potential for substantial energy extraction from these areas.
In a significant breakthrough for the Chinese EV company, BYD registered...
In a significant breakthrough for the Chinese EV company, BYD registered 7,231 cars in Europe last month to Tesla’s 7,165. BYD’s sales increased by 169% from a year earlier, while Tesla’s declined by 49% amid CEO Elon Musk’s involvement in US politics. Though Tesla’s European sales have waned for months, April marked the first time the automaker was outstripped by its Chinese rival in Europe. BYD cars, which are immensely popular in the company’s home market, have only been available in Europe for a few years, starting in Norway and the Netherlands in 2022 before expanding to other countries.
