Supply chain constraints, rising labor and material costs and looming...
Supply chain constraints, rising labor and material costs and looming EU methane standards are complicating the US liquefied natural gas industry's expansion plans and ability to meet rising European demand, attendees said at a recent industry event. Developers are pursuing third-party emission certifications to align with new EU regulations while also contending with domestic policy barriers, such as tariffs on imported steel and aluminum and forthcoming requirements to ship more LNG on US-built vessels.
US natural gas liquids exports reached a record 2.9 million barrels per...
US natural gas liquids exports reached a record 2.9 million barrels per day in April despite a trade war with China, which imposed and then quietly waived a 125% tariff on US ethane. Other countries, including India, Brazil and Japan, increased imports significantly.
Trump says it would be “stupid” not to accept plane from...
Trump says it would be “stupid” not to accept plane from Qatar. The president brushed aside ethical concerns raised by Democrats over the Qatari royal family’s offer of a Boeing 747 jet to use as Air Force One, responding to reporters’ questions about whether he’d accept the luxury aircraft by saying, “I could be a stupid person and say, ‘No, we don’t want a free, very expensive airplane.’ But it was, I thought it was a great gesture.” President Trump also said he didn’t plan to keep using the plane after leaving office, and noted that it would be a gift not to him personally, but to the Department of Defense. Although he plans to visit Qatar this week as part of an economic-focused tour through the region, the plane is not expected to change hands during his trip.
Fifty-nine white South African refugees arrived in the US yesterday, representing the first of a group the Trump administration has welcomed, saying they face racial discrimination and genocide—something their government denies—even as it has paused other refugee resettlement programs.
Hamas released Edan Alexander, an Israeli-American soldier who was believed to be the last living American hostage being held in Gaza. The group said the release was part of an effort toward a ceasefire with Israel, though Israel—which has been blocking aid, including food, from entering Gaza—said it had not agreed to one.
The PKK, a militant Kurdish group that has been in conflict with Turkey for decades, said it would disband and end its insurgency.
Perplexity AI is in late-stage talks to raise $500 million at a $14 billion valuation, per CNBC.
A login glitch kept some Fidelity customers out of their accounts yesterday, so they couldn’t trade as the market rallied.
AMC is hoping to lure moviegoers with 50% off tickets on Wednesdays, if you’re looking for a cheap midweek date activity.
Renewables more vulnerable to tariffs than oil and gas
US renewables have more...
US renewables have more exposure to tariff risks than fossil fuels, asserts Rystad Energy. One of the reasons is that 90% of oil and gas supply chain expenditures involve domestic components, compared to around 48% for solar. Oil and gas may be less exposed, but the situation still isn't good. "I don't see any scenario in which tariffs can end up being good for any sector," said Rystad's Claudio Galimberti.
Oil prices settle up at 2-week high as US, China ease tariffs
(Reuters) - Oil prices rose about 1.5% to settle at a...
(Reuters) - Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world's two biggest economies.
Brent crude futures rose $1.05, or 1.6%, to $64.96 a barrel. U.S. West Texas Intermediate (WTI) crude gained 93 cents, or 1.5%, to settle at $61.95.
Both benchmarks notched their highest settlements since April 28.
