Venture Global’s original plans for Plaquemines LNG Phase 2 had production scheduled for 2026.
Mideast military tensions have waned, but OPEC’s promise to spike production is balanced by the emergence of natural gas.
Energy imports contributed to 17% of the U.S. energy supply in 2024, the lowest share since 1985, according to the U.S. Energy Information Administration.
With the uncertainty generated by the tariffs and a higher-than-expected increase in supply from OPEC+, for the upcoming week, Stratas Advisors expect that oil prices will be under pressure – and the price of Brent crude could test $66.
Venture Global’s original plans for Plaquemines LNG Phase 2 had production scheduled for 2026.
Analytical firm Wood Mackenzie estimates ethane trade traffic between the U.S. and China for the month will reach normal levels following a trade shutdown in June.
U.S. natural gas futures climbed about 3% to a one-week high on July 14 on forecasts for hotter weather over the next two weeks than previously expected and rising flows of gas to LNG export plants.
Petrobras shares were trading close to flat on the news of Trump's announcement of a 50% tariff on Brazilian oil.
Mideast military tensions have waned, but OPEC’s promise to spike production is balanced by the emergence of natural gas.
EU governments are planning to keep secret how they plan to phase out using Russian oil and gas by the end of 2027.
Oil prices rose on July 9 as investors weighed strong U.S. gasoline demand data, attacks on shipping in the Red Sea, and a forecast for lower U.S. oil production.
Energy imports contributed to 17% of the U.S. energy supply in 2024, the lowest share since 1985, according to the U.S. Energy Information Administration.
President Donald Trump said he will announce a 50% tariff on imported copper on July 8, an effort to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.
With the uncertainty generated by the tariffs and a higher-than-expected increase in supply from OPEC+, for the upcoming week, Stratas Advisors expect that oil prices will be under pressure – and the price of Brent crude could test $66.