The agreement would see Aramco buy 5 million tons of liquefied natural gas per year from Sempra’s Port Arthur, Texas export terminal. This would be Aramco’s first deal to buy LNG from the United States and advance the oil giant’s goal of becoming a major player in the growing global gas market. If finalized, the […]
U.S. prices settled lower Tuesday as U.S.-China trade woes weighed on energy-demand prospects. However, Middle East tensions provided some support for the global benchmark. “The U.S.-China trade war…has already surprised markets by intensifying further than anyone initially expected, and because of that, near term risks are skewed to the downside right now,” said Richey. Underlining […]
ExxonMobil evacuated about 30 foreign engineers from Basra, Iraq. This is as a “temporary precautionary measure,” the government-owned Basra Oil Company said Saturday. The staff members were evacuated to Dubai and there are “no indicators that companies operating the oil fields are facing any security threats,” the Basra Oil Company said. “ExxonMobil has programs and measures in […]
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