Monday, September 28, 2020
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China on course for record LNG imports as industries recover, expand

China’s imports of liquefied natural gas will likely grow 10% to new highs this year as companies scoop up cheap supplies to cover increasing industrial use and robust residential...

Shell considering sale of stake in Philippines’ Malampaya project

Royal Dutch Shell PLC RDSa.L is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, the key power source of the country's main island of Luzon,...

Top shipping insurance group will not cover ships linked to Nord Stream 2

The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S....

East Mediterranean states formally establish Egypt-based gas forum

Six states signed a charter for an Egypt-based energy forum on Tuesday, giving formal status to a group that seeks to promote natural gas exports from the eastern Mediterranean...

Barclays raises 2020 oil price outlook, expects limited downside to demand view

Barclays Commodities Research on Monday raised its oil price forecasts for 2020, citing limited potential downside to its demand outlook. The bank raised its 2020 Brent...

Stocks weighed down by virus angst, lack of stimulus

Stocks struggled on Friday as worries about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week, without promising new stimulus,...

Oil steady as crews return to U.S. Gulf rigs

Oil prices steadied on Thursday after a decline earlier in the day as production started in the Gulf of Mexico after Hurricane Sally while a drawdown in U.S. crude...

Oil jumps above $41 as storm hits U.S. output, inventories drop

Oil rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased.

EU carbon market’s free handouts are impeding climate action, auditors say

The European Union should change the way it hands out free pollution permits in the bloc’s carbon market, which is failing to bring about deep cuts in emissions, EU...

Europe’s electricity could be 80% fossil fuel-free by 2030: industry group

As much as 80% of the European Union’s electricity could be fossil fuel-free by 2030, regardless of whether the European economy faces a prolonged economic crisis, industry association Eurelectric...