Subsidiaries of Malaysian-based MISC Berhad have signed long-term charter contracts with a unit of Exxon Mobil for two liquefied natural gas (LNG) carriers, MISC said on Friday. MISC, through its subsidiaries Polaris LNG Three Pte Ltd and Polaris LNG Four Pte Ltd, have also signed an agreement to build the carriers in South Korea, it said in a statement. The 174,000-cubic meter LNG carriers will be chartered for 10 years by Exxon Mobil unit, SeaRiver Maritime LLC (SRM).

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30 Sep, 2022 / 05:51

(Bloomberg) -- Oil headed for its first quarterly loss in more than two years as escalating fears over a global economic slowdown and a stronger dollar overshadowed the prospect for tightening supply.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapTrump Refuses

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30 Sep, 2022 / 05:10

In the weeks after Russia's invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa. The visits included meetings with officials in Algeria in February plus talks in Angola, Egypt and Republic of Congo in March, with Descalzi often accompanied by senior Rome officials, according to company and government releases. State-controlled Eni and Italy were able to leverage existing supply relationships with those nations to secure extra gas to replace a large part of the volumes it received from its top supplier Russia.

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30 Sep, 2022 / 05:00

SINGAPORE (Reuters) -Oil prices were little changed during Asian trade on Friday, though were headed for their first weekly gain in five weeks, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5. U.S. West Texas Intermediate (WTI) crude futures for November delivery rose 0.1% or by 9 cents to $81.32 a barrel, after falling 92 cents in the previous session. "A deteriorating crude demand outlook won't allow oil to rally until energy traders are confident that OPEC+ will slash output at the October 5th meeting," Edward Moya, senior analyst with OANDA, said in a client note.

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30 Sep, 2022 / 01:04

U.S. gas production will need to increase significantly to continue growing exports while ensuring fuel remains affordable for domestic power producers, households and industrial users. Production of dry gas (stripped of natural gas liquids) totalled 17,329 billion cubic feet in the first six months of the year, according to data from the U.S. Energy Information Administration (EIA). Dry gas output was up by 944 billion cubic feet compared with the same period in 2019, the last year before the pandemic ("Monthly energy review", EIA, Sept. 27).

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30 Sep, 2022 / 01:00

Despite the weakness in paper markets, Trafigura’s Chief Economist sees a supply crunch and possible price shocks in 2023 as a result of structural underinvestment

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30 Sep, 2022 / 00:00

Oil prices are a long way off their mid-June peak, and many oil and gas stocks have given up a lot of their earlier gains, but on the bright side, the sell off has created some real bargains

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29 Sep, 2022 / 23:00

By Ambar Warrick

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29 Sep, 2022 / 22:11

In this article, we discuss 10 best cheap dividend stocks to buy now. You can skip our detailed analysis of the best dividend stocks and their returns over the years, and go directly to read 5 Best Cheap Dividend Stocks to Buy Now. Inflation and continuous interest rate hikes have brought dividend investing to the […]

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29 Sep, 2022 / 20:40

Meta Platforms Inc. is furthering its descent through ranks of the biggest companies in the U.S., this time falling below Exxon Mobil Co. for the first time in more than five years.

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29 Sep, 2022 / 20:38

A recent higher low may be signaling more buyers are willing to buy at progressively higher prices. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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29 Sep, 2022 / 20:35

(Bloomberg) -- Apple Inc. shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure that wiped out hundreds of billions of dollars in market value from the largest US technology stocks.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets

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29 Sep, 2022 / 20:28

Today's Research Daily features new research reports on 16 major stocks, including Berkshire Hathaway Inc. (BRK.B), Exxon Mobil Corporation (XOM) and Walmart Inc. (WMT).

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29 Sep, 2022 / 20:25

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Exxon Mobil Corp (XOM), where a total volume of 90,234 contracts has been traded thus far today, a contract volume which is representative of approximately 9.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.2% of XOM's average daily trading volume over the past month, of 19.5 million shares..

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29 Sep, 2022 / 19:56

Massive export terminal under construction in Kitimat B.C. on track for first deliveries by middle of decade

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29 Sep, 2022 / 19:39

(Bloomberg) -- Oil fell with sinking equities following fresh signals of economic tightening ahead, offsetting the bite of any potential OPEC+ supply cuts.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoTrump Refuses to Delay Florida Deposition in Phone-Fraud C

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29 Sep, 2022 / 19:25

Industrial metals surged following news that the LME is weighing a ban on Russian metals, with aluminum leading the charge

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29 Sep, 2022 / 19:00

Oil futures finish lower on Thursday, with pressure from worries about the outlook for energy demand partially offset by prospects for a production cut by OPEC+.

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29 Sep, 2022 / 18:59

The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism. The 27 EU member countries are negotiating proposals made last week to control soaring energy prices and rein in costs for consumers but Brussels is already exploring additional measures. In a paper shared with member states on Wednesday night and published on Thursday, the EU Commission said an alternative LNG price benchmark – which market participants could use voluntarily – should be based on verifiable price assessments for LNG cargo deliveries, to ensure it reflected real-world prices for the fuel.

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29 Sep, 2022 / 18:41

It's "very obvious" who was behind the Nord Stream attacks, IEA director Fatih Birol said, warning that gas supplies would tighten next year.

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29 Sep, 2022 / 18:07