trade – Oil & Gas 360

How hydrogen will trade in the commodity markets of the future

June 20, 2024

Oil Price Transitioning hydrogen from its current deployment – produced from hydrocarbons for local industrial use – into a global green commodity is a huge task. The few projects now reaching FID usually involve unique two-party agreements or guaranteed offtake within development consortiums. The lack of globally accepted standards, and the price risk of long-term contracts, remain major hurdles holding

Oil rises on weaker dollar and supply worry; trade choppy

October 25, 2022

Yahoo Finance NEW YORK – Oil prices rose on Tuesday, rebounding from an early fall of more than $1 a barrel on lift from a weaker dollar and supply concerns highlighted by Saudi Arabia’s energy minister. Benchmark Brent crude futures rose by 44 cents to $93.70 a barrel by 11:03 a.m. EDT, while U.S. West Texas Intermediate crude futures

U.S. to China Trade: Trade Volume Up, But Far Short of Target Goals – Energy exports down 21.7%

November 11, 2020

MarineLink According to BIMCO, 40% of Phase One goal reached for US manufactured goods to China Exports from the US to China of the manufactured goods included in the Phase One agreement between the two countries reached $31.1 billion in the first nine months of the year. This is just 40% of the $78.4 billion commitment under the agreement. “BIMCO

Oil eases on concerns over U.S.-China talks, weak economic data

October 8, 2019

Source: Reuters: Oil prices slid on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, though unrest in Iraq and Ecuador lent some support to crude prices. Both Brent crude LCOc1 and West Texas Intermediate (WTI) CLc1 crude had risen by more than 1% earlier in the day, but by 10:59

Oil Futures Extend Gains on Larger-Than-Expected U.S. Crude Draw

August 27, 2019

From Reuters Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal. Brent crude LCOc1 settled up 81 cents, or 1.4%, at $59.51 a barrel. U.S. West Texas Intermediate crude CLc1 ended $1.29, or 2.4%, higher

Caught in Tariff War, Sinopec Seeks Waiver for Imported U.S. Oil: Sources

August 26, 2019

From Reuters China Petroleum & Chemical Corp, or Sinopec, is seeking a tariff exemption for U.S. oil being imported in coming months, sources familiar with the matter said, after Beijing late last week imposed retaliatory tariffs on U.S. goods, including crude oil. The largest refiner in Asia is expected to receive four supertankers carrying 8 million barrels of U.S. crude

Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

Oil Falls 1% as U.S.-Iran Optimism Faces U.S.-China Trade Deal Hopes

August 26, 2019

From Reuters Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal. Brent crude lost 64 cents, or 1.1%, to settle at $58.70 a barrel, after hitting a session high of $60.17.

Oil Spills Into U.S.-China Trade War, Prices Slump

August 23, 2019

From Reuters China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. Beijing said crude would be among the U.S. products hit by tariffs of 5% as of Sept. 1.

Oryx Midstream Lands $550 Million from Qatar Investment Authority - Oil & Gas 360

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

August 23, 2019

From CNBC Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects. “Australia and Qatar continued to jostle for the title of the world’s largest LNG exporter over the first five months of 2019,” the Australian government said

Trump Calls on U.S. Firms to Exit China as Trade War Escalates

August 23, 2019

From Reuters President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession. Trump, who has accused China of unfair trade practices and pushed for a deal that would rebalance the relationship in favor of U.S.

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

August 22, 2019

From Reuters Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts. Traders are awaiting a speech from Federal Reserve Chair Jerome Powell on Friday in Jackson Hole, Wyoming, that could indicate whether the U.S. central bank will continue to cut interest rates.

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

August 20, 2019

From Reuters Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand. Brent crude LCOc1 settled 29 cents, or 0.5%, higher at $60.03 a barrel, while U.S. crude CLc1 rose 13 cents to $56.34 a

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