More Top Stories in Markets

Natural Gas

Energy Transfer to Supply Gas to Texas Power Plants in Feb Freeze Dispute

Energy Transfer has agreed to sell Vistra gas through March 31 under the same terms and conditions in place since Dec. 1.

January 21, 2022

Public Capital

Lawsuit Alleges Charif Souki Defrauded Tellurian Investor in Short-seller Battle

Tellurian shareholder Chris Parker filed a breach of contract lawsuit with the U.S. District Court in Denver seeking unspecified damages from Chairf Souki, founder of the U.S. LNG company.

January 21, 2022

Natural Gas

Texas Cold Snap Arrives as RRC Says Natgas Industry is Ready

The Texas Railroad Commission, which oversees the state’s gas industry, said in a release on Jan. 19 that about 98% of the facilities its inspectors visited since the end of last summer were already winterized.

January 20, 2022

Petrochemicals

US Crude Oil Stockpiles Rise for First Time Since November

Crude inventories in the U.S. rose by 515,000 barrels in the week to Jan. 14 to 413.8 million barrels, compared with analysts’ expectations in a Reuters poll for a 938,000-barrel drop.

January 20, 2022

Liquefied Natural Gas (LNG)

Delfin Nearing FID on US Gulf of Mexico LNG Project, CEO Says

Delfin is one of a dozen or so North American LNG export projects that delayed decisions to start construction in 2020 and 2021 in part because coronavirus demand destruction.

January 20, 2022

Crude Oil

OPEC's Share of Indian Oil Imports Falls to 15-year Low

OPEC's share shrunk as refiners increased imports from Canada and the United States, data shows.

January 20, 2022

Liquefied Natural Gas (LNG)

Woodside, Commonwealth LNG Ink Agreement to Negotiate Louisiana Plant Supply Deal

In the agreement, Woodside contemplates the purchase of 2 million tonnes per annum of LNG over a period of 20 years.

January 19, 2022

Crude Oil

Oil Highest Since 2014 as Turkey Outage Adds to Tight Supply Outlook

U.S. West Texas Intermediate crude futures climbed 66 cents, or 0.8%, to $86.09 a barrel. WTI earlier jumped to $87.08, its highest since Oct. 9, 2014.

January 19, 2022

Crude Oil

IEA: Oil Market Headed for Surplus as Omicron Impact Muted

While U.S., Canada and Brazil are set to pump at all-time highs for the year, Saudi Arabia and Russia could also break their output records.

January 19, 2022

Crude Oil

US Awards Fifth Exchange of Crude Oil from Strategic Reserves

Combined, the U.S. Energy Department has so far released more than 8 million barrels of the 32 million in exchanges of Strategic Petroleum Reserve oil outlined in November.

January 18, 2022