U.S. benchmark crude settled up $3.96 at $42.56 a barrel on the New York Mercantile Exchange. The 10.3 percent gain was the largest for U.S. oil since prices were rebounding from financial crisis of 2009.
Nasdaq staff determined Hercules no longer met the requirements to continue being listed on the exchange and the Houston-based company did not appeal the decision. Its last trading day will be Sept. 7.
We recently looked at the restart of the first Japanese nuclear reactor in four years, and assessed its impact on Japanese oil demand. It was somewhat burying the lede, however, not to address the impact on LNG demand. So with Japan’s developments still fresh in our minds, here are ten challenges faced by the global LNG […]
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