Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates. The LPG buyers, seeking to swap US cargoes bought earlier with alternatives, have found that Persian Gulf producers including Saudi Aramco are able to help with those requests,...
Pakistan will offer to buy more cotton and soybean from the US, according to people with knowledge of the matter, as it looks to halve its bilateral trade surplus and escape tariffs imposed by President Donald Trump. The South Asian country wants to reduce this surplus to below $2 billion from about $4 billion in...
Chinese liquefied petroleum gas buyers have prompted a price surge as they scramble to replace US supplies of the widely used fuel following Beijing’s tough response last week to Washington’s punitive tariffs. Buyers are trying to swap US cargoes that have already been purchased with alternatives, including LPG from the Middle East, traders said. But...
President Donald Trump’s administration has granted Venture Global LNG Inc. conditional approval to export natural gas from a planned facility in Louisiana that had stalled under former President Joe Biden. Energy Secretary Chris Wright authorized the exports from the company’s CP2 project on Wednesday, saying in a statement the measure was critical to restoring US energy dominance. “The benefits of expanding...
The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday. Industry leaders say they have plenty of reasons to give thanks. Trump is an unabashed champion of US oil and gas production who has vowed to...
Russian President Vladimir Putin seems confident that pipeline flows of natural gas to Europe could be stepped up if a US-brokered deal to end the war in Ukraine is agreed — raising questions about whether the continent is willing to reverse course and revive that relationship. “If, say, the US and Russia agree on cooperation in the...
South Korea has scaled down its plans for nuclear power after the impeachment of President Yoon Suk Yeol, an atomic energy advocate, gave the opposition party greater influence over the country’s long-term energy policy. The Asian nation expects to add a total of 3.5 gigawatts of nuclear capacity by 2038, according to a government plan finalized...
President Donald Trump ordered the creation of a White House council focused on steering the US toward “energy dominance,” with the promise of action as soon as next week. “We have more energy than any other country, and now we are unleashing it,” Trump said Friday in the Oval Office as he signed an executive order commissioning...
Germany may need to keep its fleet of mothballed coal-fired stations available for longer than expected as a drive to build new gas plants is severely behind schedule, grid operator Amprion GmbH warned. After Europe’s biggest economy shut its last nuclear plant in 2023, its power generation margin has shrunk. The coal plants are there to help...
Power prices jumped after the UK’s grid operator issued a market warning for this afternoon as declining wind output crimps supply just as plunging temperatures boost demand. The three-hour notice period is set to begin at 4 p.m. London time when there’s an insufficient buffer between predicted supply and demand, the National Energy System Operator...
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