News
Oil extends rally as G-7 and OPEC+ step up response to virus
Oil extended its rebound from last week’s slump as global policy makers pledged to safeguard markets from the coronavirus, while OPEC and its allies are expected to deepen production cuts. Source: FuelFix
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Delayed Chinese fuel flood risks more pain for Asia refiners
Already struggling with weak demand for diesel, jet fuel and gasoline, Asian refiners look set to be hit by a deluge of Chinese supply. Source: FuelFix
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Singapore firm seeks to buy LNG Limited
A privately held liquefied natural gas firm from Singapore is seeking to buy the proposed Magnolia LNG export terminal in Louisiana, a planned sister facility in Canada and their parent company. Source: FuelFix
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Annual U.S. oil production breaks another record
The annual growth rate shrank from 17 percent in 2018, but production still reached 12.23 million barrels per day, up more than 10 percent over the 10.99 barrels per day produced last year, the U.S....
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Tellurian tightens belt amid dim short-term outlook for LNG industry
Houston liquefied natural gas company Tellurian is tightening its belt amid a global supply glut of LNG attributed to a warm winter and weaker demand from China where the coronavirus has forced industrial customers to...
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