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.
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.
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
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.
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.
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 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 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.
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.
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.