Edition:
United Kingdom

Arathy S Nair

Oil prices rise as U.S. crude stocks build less than expected

20 Feb 2020

Oil prices were up slightly on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.

Shares of U.S. LNG firms tumble as China demand slumps

06 Feb 2020

BENGALURU/NEW YORK Shares of U.S. liquefied natural gas companies tumbled on Thursday as China's biggest importer of the fuel suspended some purchases amid weaker demand and a global glut that has driven prices to record lows.

Shares of U.S. LNG firms tumble as China demand slumps

06 Feb 2020

BENGALURU/NEW YORK, Feb 6 Shares of U.S. liquefied natural gas companies tumbled on Thursday as China's biggest importer of the fuel suspended some purchases amid weaker demand and a global glut that has driven prices to record lows.

UPDATE 1-LNG tanker diverted from China in sign of weaker demand

04 Feb 2020

LONDON/BENGALURU, Feb 4 A liquefied natural gas (LNG) tanker that had been heading to China has been diverted, data intelligence firm Kpler and two industry sources said on Tuesday, probably due to lower demand for the fuel as businesses are hit by the coronavirus outbreak.

Exclusive: Gas producer EQT seeks to raise $1 billion from royalty deal - sources

31 Jan 2020

EQT Corp, the largest natural gas producer in the United States, is aiming to raise as much as $1 billion by selling some of its royalty income, people familiar with the matter said on Friday.

U.S. LNG producers fear more price drops as they await China buys under Phase 1 deal

30 Jan 2020

HOUSTON China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply.

Corteva posts surprise profit on higher North America volume, Latam prices

30 Jan 2020

Corteva posted a surprise quarterly profit on Thursday, helped by higher sales of a new herbicide, better pricing in Latin America for some of its seeds and cost cuts.

Dow profit beats on Asia demand and cost cuts, sees recovery in 2020

29 Jan 2020

Dow Inc beat Wall Street's estimates for quarterly profit and revenue on Wednesday, helped by growth in volumes in Asia as well as lower costs, and the chemicals maker pointed to a recovery in demand this year as trade tensions ease.

Dow operating profit drops on lower prices, sees recovery in 2020

29 Jan 2020

Jan 29 Dow Inc reported a 27% fall in fourth-quarter operating profit on Wednesday as lower prices squeezed margins, but the chemicals maker pointed to a recovery in demand this year on the back of easing trade tensions.

Schlumberger tops profit estimates, plans more cost cuts amid shale slump

17 Jan 2020

NEW YORK Schlumberger NV on Friday outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.

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