• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 4 hours In a Nutshell...
  • 45 mins During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 2 hours Is OilPrice a cover for Green Propganda
  • 6 hours Putin Paid Militants to Kill US Troops
  • 3 hours Why Wind is pitiful for most regions on earth
  • 2 days Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". With 1 out of 5 Democrats admitting it. How many Dem's believe it but will not admit it?
  • 22 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 2 days Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 1 hour Joe Biden to black radio host, " If you don't vote for me you ain't black". That's our Democratic Party nominee ?
  • 23 hours Happy 4th of July!
  • 21 hours Apology Accepted!
  • 2 days The Political Genius of Donald Trump
  • 3 days Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
Editorial Dept

Editorial Dept

More Info

Premium Content

Washington Targets Russia With Yet More Sanctions

Sanctions, Politics, Geopolitics & Conflict

- Washington is preparing another sanctions package that, if passed, would put major restrictions on anyone involved in Russia’s $10.5-billion Nord Stream 2 project. Energy secretary Rick Perry said the US Senate will pass the sanctions bill soon, the House will approve it, and Trump will sign it into law. In part, this was meant to appease Ukraine during Perry’s visit to Kiev for the inauguration of President Volodymyr Zelenskiy.

Deals, Mergers & Acquisitions

- Sempra Energy - gunning for the top slot on the US LNG scene, with help from the Saudis - signed a deal this week for the delivery of 5 million tons of LNG annually to Aramco. The Saudi state giant will also buy a 25% stake in the plant that will supply this LNG: in Port Arthur, Texas. Sempra and Aramco said the Port Arthur LNG plant could have a capacity of 45 million tons of LNG annually, produced in 8 liquefaction trains. Port Arthur has not been built yet, but Sempra is at around a 50% completion on another LNG plant in Louisiana, for which it requested a completion deadline extension recently.

- Venezuela’s PDVSA has offered 6.4 million barrels of crude oil on the spot market at discount prices. The company is looking for buyers from China, India, and Russia and the reason for the discount is that PDVSA is facing rising inventories as exports to the U.S.—its biggest market—have all but dried up after the latest…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News