The country, which put a 15% tariff on U.S. LNG imports, has gone more than 40 days without a delivery, the longest gap since 2023, according to a report from Bloomberg.
TotalEnergies’ Southern African LNG project had been delayed after unrest in Mozambique.
The price of Brent crude could get a boost from Trump’s threats of sanctions on Russia, Iran and Venezuela, but it is doubtful it will break $72/bbl, Stratas Advisors says.
President Trump said he would double his tariffs on Canadian steel and aluminum products in response to Ontario placing a 25% tariff on electricity supplied to the U.S.
Prices were weighed down by concerns about economic growth, in part, because of more tariffs being imposed by the Trump administration, and OPEC+ reiterating that its production cuts would start unwinding in April.
The U.S. has the advantage with tariffs on Canada, but sanctions and pleas for increased oil supply are unlikely to be effective.
An energy industry that prefers stability gets hit with whiplash as it attempts to adjust to the Great Disruptor taking over the White House.
U.S. President Donald Trump on Feb. 26 said he was reversing a license given to Chevron to operate in Venezuela.
First Solar ended 2024 with a contracted backlog of 68.5 gigawatts valued at $20.5 billion, having sold a record 14.1 GW of modules.
The last gas pipeline connecting Russia to Western Europe has shut down, but don’t expect a follow-on effect for U.S. LNG demand.