Saudi Oil Giant Aramco has signed an agreement Saudi Oil Giant Aramco has signed an agreement to buy U.S. liquefied natural gas from San Diego-based utility Sempra Energy. 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 […]
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U.S. Oil Slips U.S. Oil Slips – 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 to the […]
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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 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 […]
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Saudi oil Giant Aramco strikes deal to buy US natural gas from Sempra Energy
IndustrySaudi Oil Giant Aramco has signed an agreement Saudi Oil Giant Aramco has signed an agreement to buy U.S. liquefied natural gas from San Diego-based utility Sempra Energy. 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 […]
U.S. oil slips on demand worries; but global crude buoyed by Mideast tensions
IndustryU.S. Oil Slips U.S. Oil Slips – 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 to the […]
ExxonMobil Evacuates 30 Engineers from Iraq, Basra Oil Company Says
IndustryExxonMobil 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 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 […]