The oil and natural gas industry praised the Biden administration Friday announcement of a joint U.S.-European Union (EU) task force to increase liquefied natural gas (LNG) supply to Europe. The White House said it would seek to expedite approvals of pending LNG export projects, a move long advocated by the industry, in order to help…
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Biden Pledges Expedited U.S. LNG Project OKs to Wean Europe from Russian Gas by 2027
The White House on Friday pledged to expedite approvals for liquefied natural gas (LNG) projects and coordinate additional LNG supplies to Europe to end the continent’s dependence on Russian fossil fuels by 2027. The objective is part of a joint task force established by the United States and European Commission (EC) in response to Russia’s…
March 25, 2022
Bulls in Control in Natural Gas Futures Market as Biden, EU Unveil Energy Partnership
Against a geopolitical backdrop of an overseas supply crunch, and with estimates showing domestic production continuing to underperform, natural gas futures extended their recent rally in early trading Friday. Adding to a 16.9-cent rally in the previous session, the April Nymex contract was up 12.5 cents to $5.526/MMBtu at around 8:50 a.m. ET. The Biden…
March 25, 2022
White House Slaps Steel, Aluminum Tariffs on Canada, Mexico, EU
Fears of an international trade war erupted Thursday after the Trump administration said it would impose at midnight Friday twice-delayed tariffs on steel and aluminum imports from three leading U.S. allies — Canada, Mexico and the European Union (EU).
May 31, 2018
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