U.S. natural gas futures fell about 6% to a one-week low on Monday on record output, forecasts for less hot weather over the next two weeks, stagnant gas flows to liquefied natural gas export plants and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 21.1 cents, or 5.9%, to $3.354 per million British thermal units at 10:03 a.m. EDT (1403 GMT), putting the contract on track for its lowest close since July 11. Looking [Read more]
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Argo’s May 2025 Oil Production
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") May 2025 oil production was a total of 2,725 barrels for the month, averaging 88 barrels per day. Oil prices averaged CDN $61.50 per barrel and Argo's May oil revenue was $167,534 and net operating cash flow was $84,600. May 2025 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash [Read more]
US not rushing trade deals ahead of August deadline, will talk with China, Bessent says
The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. "We're not going to rush for the sake of doing deals," Bessent told CNBC in an interview. Asked whether the deadline could be extended for countries engaged in productive talks with Washington, Bessent said U.S. President Donald Trump would [Read more]
Saudi Arabia crude exports hit three-month high in May
Saudi Arabia's crude oil exports in May rose to their highest in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Crude exports from the world's largest oil exporter rose to 6.191 million barrels per day (bpd) from 6.166 million bpd in April. Saudi's crude output for May was at 9.184 million bpd, up from 9.005 million bpd in April. Saudi refineries' crude throughput was at 2.721 million bpd, up 0.017 million bpd from April's 2.704 million bpd, the [Read more]
Asia’s LNG imports stay soft in July as Europe draws cargoes: Russell
Asia's run of subdued imports of liquefied natural gas (LNG) is set to extend for another month in July, with the top-importing region on track for a tiny increase from June. Asia's imports of the super-chilled fuel are estimated at 22.07 million metric tons in July, up from 21.80 million in June, according to data compiled by commodity analysts Kpler. On a per day basis July's figure is 722,000 tons, which is slightly down from 727,000 in June. The soft July imports continue a trend [Read more]
Oil prices little changed as investors eye impact of new sanctions on Russia
Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs weighed on global economic growth. Brent crude futures rose 5 cents to $69.33 a barrel by 0040 GMT after settling 0.35% higher on Friday. U.S. West Texas Intermediate crude was at $67.36 a barrel, up 2 cents, following a 0.30% gain in the previous session. The European Union approved on Friday the [Read more]
Iran could hold nuclear talks with European powers next week, Tasnim reports
Iran, Britain, France and Germany could hold talks next week on Tehran's nuclear programme, Iran's semi-official Tasnim news agency reported on Sunday, following warnings by the three European countries that failure to resume negotiations would lead to international sanctions being reimposed on Iran. "The principle of talks has been agreed upon, but consultations are continuing on the time and place of the talks. The country in which the talks could be held next week has not been finalised," [Read more]
ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted by the ASC and the OSC, ConocoPhillips will cease to be a reporting issuer in any jurisdiction in Canada. Notwithstanding a [Read more]
Chevron wins Exxon case but loses time, oil and billions
Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron's deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess's 30% stake in Guyana's Stabroek block, the most attractive asset in its portfolio. The offshore oilfield holds more than 11 billion barrels of [Read more]
US natgas prices edge up to 3-week high as heat boosts air conditioning use
U.S. natural gas futures edged up about 1% to a three-week high on Friday as hot weather forces power generators to burn lots of the fuel to keep air conditioners humming and a slow but steady rise in gas flows to liquefied natural gas (LNG) export plants. That price increase came despite ample amounts of gas in storage and record output. That record output should allow energy firms to keep injecting more gas into storage than usual in coming weeks. Stockpiles were currently around 6% above the [Read more]
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