|Day's Range||2.97 - 2.97|
India's biggest explorer Oil and Natural Gas Corp (ONGC) (ONGC.NS) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp (HPCL.NS) for 369 billion rupees ($5.78 billion or 4.17 billion pounds), ONGC said on Saturday. It will pay a premium of about 14 percent on HPCL's current market price for the 51.1 percent stake, the company said in a statement to the stock exchange. The deal is part of the government's objective to combine various public sector enterprises "to give them the capacity to bear higher risks" and create more value for shareholders, ONGC said.
The simple answer is no, but there's some good things to look for as the year unfolds that could make 2018 a solid year
Donald Trump says he saved the coal industry, but it has not recovered under his presidency and is likely to decline further in coming years, writes Rex Nutting.
Both the IEA and OPEC have increased their projections for U.S. shale production, further evidence that high oil prices are boosting the industry
Asian spot prices for liquefied natural gas (LNG) hit their highest in more than three years this week, with traders in Asia and Europe flagging temperatures in northern Asia are set to dip further as production outages curb supply. The cold wave in northern Asia - by far the world's biggest LNG-consuming region - has also opened up arbitrage opportunities for traders, attracting several LNG tankers from the United States, shipping data from Reuters showed.
Investing.com - Crude oil prices remained under pressure on Friday, as an increase in U.S. oil production offset news of another decline in U.S. inventories last week.
LONDON, Jan 19 (Reuters) - ** Malaysia's Petronas purchased a spot liquefied natural gas (LNG) cargo from the Australia Pacific (AP) export plant to replace lost output from a domestic project hit by a ...
Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. The statistics come as the administration of President Donald Trump claims credit for new jobs in the coal industry, a business he has promised to revive by rolling back Obama-era environmental regulations. Unreleased full-year coal employment data from the Mining Health and Safety Administration shows total U.S. coal mining jobs grew by 771 to 54,819 during Trump’s first year in office, led by Central Appalachian states like West Virginia, Virginia, and Pennsylvania - where coal companies have opened a handful of new mining areas.
Based on the early price action, the direction of the EUR/USD the rest of the day is likely to be determined by trader reaction to the steep uptrending Gann angle at 1.2235.
In December 2017 China pumped natural gas at its highest rate in 3 years, as it attempted to make up for shortages of the fuel in the northern parts of the country
Investing.com - Natural gas futures declined on Thursday, falling to the lowest levels of the session after data showed that domestic supplies in storage fell less than forecast last week.
There is little doubt that China's voracious appetite for liquefied natural gas (LNG) is the prime mover behind the spot price for the fuel reaching its highest in more than three years, but what happens next? The current market view seems to be that China will suck up the super-chilled fuel as it continues efforts to switch to natural gas from coal as part of efforts to lower air pollution. While that's a reasonable assumption, it doesn't answer the question as to how the Asian spot LNG price (LNG-AS) will be affected by the seasonal drop in demand over the northern summer.
We’re going to need a blowout EIA number to continue the rally as temperatures turn mild over the next week.
China's natural gas output rose in December to the highest monthly rate since at least 2014 as state energy firms rushed to fill a supply gap sparked by surging winter demand from a drive to switch millions of households to gas from coal for heating. Companies produced 13.6 billion cubic metres (bcm) of gas in December, up from 12.6 bcm in November, pushing up output for the whole of 2017 by 8.5 percent to 147.4 bcm, data from the National Statistics Bureau (NSB) showed on Thursday. Beijing last year ordered millions of households and industrial plants in 28 northern Chinese cities to change to gas heating from coal as part of its war against pollution.
Crude oil prices are trading mixed early Thursday, following the release of the API inventories report that showed the seventh large crude draw in seven weeks.
Oil majors are divided on whether Iraq is a profitable destination for producing crude, with Shell leaving the country while Chevron looks to return