The $13bn Commonwealth LNG facility reaches FID, backed by $21.25bn in total commitments, targeting $3bn annual export revenue. Caturus finalized a $13bn investment decision for its Commonwealth LNG project in Louisiana, securing $9.75bn in project financing. The 9.5 milli
CME and ICE Urge US Regulators to Crack Down on Hyperliquid Over Oil Market Risks Bloomberg reported that CME Group and Intercontinental Exchange (ICE) are urging U.S. regulators to tighten oversight of crypto trading platform Hyperliquid, warning that its anonymous trading...</p
Exxon Mobil avoids liability after a jury rejects claims it misled investors about asset valuations during an energy price downturn. A Texas jury ruled Exxon Mobil is not liable for allegations it defrauded investors through disclosures related to Canadian oil sands and U.
NEW DELHI/DUBAI, May 15 India and the United Arab Emirates agreed the framework for a strategic defence partnership on Friday, the Indian foreign ministry said, as they seek to deepen ties amid the Iran war. The two countries also signed pacts on strategic petroleum reserv
Rabobank modeling shows a prolonged Strait of Hormuz closure would deplete European oil product buffers, hitting jet fuel and naphtha hardest. A year-long closure of the Strait of Hormuz would exhaust Europe’s oil product inventories, forcing significant demand reductions,
July WTI futures settle at $97.91 after a $6.79 weekly gain amid escalating Middle East tensions and tighter inventories. July WTI crude futures closed at $97.91, up $6.79 or 7.4% for the week, as traders priced in supply risks from the Strait of Hormuz shutdown. The contr
The oil and gas producer reported a 43.3% year-over-year revenue decline amid lower production volumes and negative adjusted EBITDA. Empire Petroleum reported a first-quarter GAAP loss of $0.18 per share, missing expectations as revenue fell 43.3% year-over-year to $5.1 mi
Government cites sufficient east coast gas supplies for winter 2026, avoiding export curbs on LNG producers. Australia will not enforce LNG export controls in the third quarter of 2026 after industry assurances of adequate east coast gas supplies. The decision follows expe
Trump's China visit yields no major trade breakthroughs U.S. President Donald Trump wrapped up his visit to China without securing major breakthroughs on trade or Iran. Both sides signaled interest in keeping economic ties stable and expanding energy cooperation.
Developers of the Commonwealth LNG project have taken the final investment decision to build the $13-billion U.S. export plant in Louisiana, underpinned by investments from Kimmeridge, Abu Dhabi-based Mubadala Energy, and Canada Pension Plan Investment Board, the UAE energy...</p
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