Gunvor Profits Dropped 42 Pct as Energy Market Chaos Eased
Commodity trader Gunvor Group posted a 42 percent drop in profit in 2024.
Commodity trader Gunvor Group posted a 42 percent drop in profit in 2024.
Uncertainty over tariffs, sanctions, and OPEC output drove cautious gains in crude.
It appears that the May natural gas contract is looking to establish a new post-winter trading range into the shoulder season, Eli Rubin, an energy analyst at EBW Analytics Group, said.
Sempra intends to sell its gas distribution business in Mexico and a minority stake in its liquefied natural gas arm to support investment in the U.S.
The punishments would include a 500 percent tariff on imports from countries that buy Russian oil, petroleum products, natural gas or uranium, according to a draft of the bill seen by Bloomberg News.
Excelerate will acquire the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power co-generation plant.
'The affected pipeline has been isolated, and all relevant stakeholders have been informed', Petronas said.
Malaysia's national oil and gas company said it had achieved the biggest oil and gas debt instrument sale in Asia since 2020 with the issuance of $5 billion senior notes.
CNPC's publicly listed arm reported about $22.69 billion in net profit for 2024, up 2 percent from 2023 as increased output offset lower prices.
SLB announced that it has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development.