|Bid||6.86 x 0|
|Ask||6.88 x 0|
|Day's Range||6.74 - 6.92|
|52 Week Range||4.80 - 7.48|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||57.25|
|Earnings Date||Feb 21, 2019|
|Forward Dividend & Yield||0.10 (1.42%)|
|1y Target Est||5.04|
Investing.com - Asian equities rose in morning trade on Monday amid hopes for more progress in U.S.-China trade negotiations continuing in Washington this week.
Australian shares slipped on Tuesday, tracking sharp losses on Wall Street after Caterpillar and Nvidia Corp warned of weak Chinese demand, with robust gains in miners offset by declines in financial and ...
Australian shares rose in thin trade on Monday, driven by banks and energy stocks, though investors were cautious ahead of key economic data from China which could point to a further slowdown in the world's ...
From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths of muddy shoreline, where mangroves have been felled for firewood by locals who don't have electricity, gas, or money to buy either. The $19 billion Exxon-led PNG LNG project was supposed to be a game-changer for PNG, a vast South Pacific archipelago beset by poverty despite its wealth of natural resources.
Asian spot prices for liquefied natural gas (LNG) fell this week although few cargoes were heard to swap hands in a well-supplied market with some traders still on their New Year's break. Spot prices for February delivery to Asia (LNG-AS) were assessed at $8.75 per million British thermal units (mmBtu) compared to $9.10 last week, industry sources said, citing low liquidity as the reason for the fall. Trading activity started to rise towards the end of the week and was mainly focused on late January and February cargoes, with nothing yet heard for March volumes, traders said.
Asian spot prices for liquefied natural gas (LNG) slipped this week amid thin trade, though monthly deliveries into Northeast Asia climbed to a record in December as colder-than-normal temperatures are expected this week. Spot prices for February delivery to Asia (LNG-AS) dropped to $9.10 per million British thermal units (mmBtu), with bids and offers remaining wide apart from $8.70 to $9.50 per mmBtu, industry sources said.
Asian spot prices for liquefied natural gas (LNG) snapped a three-week losing streak to end higher this week, with the onset of winter expected to boost demand for natural gas for heating. Spot prices for January delivery edged up about 10 cents to around $8.90 per million British thermal units (mmBtu), with cargoes trading from as low as $8.50 per mmBtu to as high as $9.10 per mmBtu, several industry sources said. China, the world's No. 2 LNG importer, has ramped up both domestic gas production and imports to meet rising demand as the government switches more households to gas heating this winter.
Asian spot prices for liquefied natural gas (LNG) slumped this week to a six-month low, bucking the usual winter trend, as low demand persisted and supplies were boosted by deliveries from tankers that had been floating in north Asian waters for weeks. Spot prices for January delivery dropped a dollar to $8.80 per million British thermal units (mmBtu), the lowest since May and below the levels of a year ago, for the first time in 2018. Low demand during the northern hemisphere winter and falling prices follow frantic buying by Asian utilities in September and October, filling up storage for the coming months.
Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, falling to a four-month low as demand from top buyers Japan and China failed to materialise amid ample inventory. Spot prices for January delivery in North Asia (LNG-AS) were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week, while spot prices for cargoes delivered in February were estimated at about $9.70 to 9.80 per mmBtu, according to trade sources.
Asian spot prices for liquefied natural gas (LNG) fell this week despite several Japanese buyers in the market, as sellers held onto cargoes hoping for higher bids and used tankers as storage, which also reduced ship availability for other deals. Spot prices for January delivery in North Asia (LNG-AS) were heard at $10.90 per million British thermal units (mmBtu), 30 cents lower than last week. For late December, spot prices were heard at $10.40 per mmBtu, although they were under the $10 mark for early December delivery weeks.
PORT MORESBY/MELBOURNE, Nov 16 (Reuters) - A long-awaited project led by France's Total SA that will help double liquefied natural gas (LNG) exports from Papua New Guinea has come another step closer, with the government agreeing to set financial terms early next year. The LNG expansion, which analysts estimate will cost $13 billion, is crucial to the Pacific island nation's economy as LNG is its biggest export earner, while demand for the fuel is surging in international energy markets. Prime Minister Peter O'Neill said in the country's capital of Port Moresby on Friday that "physical terms" had been agreed.
Australia's competition watchdog said on Friday that it will not oppose oil and gas firm Santos Ltd's $2.15 billion acquisition of privately held Quadrant Energy. The Australian Competition and Consumer Commission (ACCC)said in a statement that the acquisition would be unlikely to reduce competition in the supply of gas to Western Australia. "The ACCC considers that a combined Santos/Quadrant will continue to face strong competition from a range of suppliers, including large LNG producers such as Chevron and Woodside," said ACCC Chair Rod Sims.
Regulators largely ignored digital assets after Bitcoin was introduced a decade ago, but last year’s 1,400 percent rally made them pay attention, with reactions in different jurisdictions ranging from courtship of a nascent industry to outright hostility. “The most powerful force to reverse such negative sentiment would be market regulation,” said Daniel Santos, a former Standard Chartered Plc banker who’s starting a Singapore-based ratings company for digital assets. The idea of a version of S&P or Moody’s stamping their approval on digital assets shows how far crypto has come from the anarchic days of the original die-hards.
Unipec Asia, the trading arm of Chinese oil major Sinopec , is in talks to buy more liquefied natural gas (LNG) from the Exxon Mobil Corp-operated Papua New Guinea (PNG) project, five industry sources told Reuters. If agree, a supply deal would likely start ahead of an expected surge in China's demand this winter and it will be for about three years, two of the sources briefed on the matter said. The exact volumes under discussion were not immediately clear but project holder Oil Search said in its half-yearly results statement in August that negotiations are ongoing to contract the project's final batch of mid-term supply totalling 0.45 million tonnes per annum (mmtpa).
Australian shares fell sharply on Friday, as the end of a consultation period on a proposed expansion of U.S. tariffs against Chinese goods sent investors running for cover and financial stocks continued their gloomy run. The S&P/ASX 200 index dropped 0.7 percent, or 42.3 points to 6,118.1 by 0200 GMT, and is set for a seventh day of losses. Financial stocks are set to extend their losses to a seventh session, with a 0.4 percent fall on Friday coming after three of the so-called "Big Four" banks raised their mortgage rates.
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