Latest News
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US LNG production drops in May from April record
The preliminary LSEG ship tracking data shows that the U.S. liquefied gas output dropped in May as a result of plant outages and repairs at the largest export facility. U.S. LNG production is a major factor in global LNG price. According to LSEG, the U.S. exports 8.9 million metric tonnes of LNG in May, down from a new record of 9.3 MT set in April. The LSEG data revealed that all U.S. plants had short periods in May when compared with April. Cheniere Energy confirmed its Sabine Pass facility, which is the largest in the country, at 30 MTPA. Since May 31, gas flows into Sabine are at a low of 3.1 bcfd, a record low for 23 months. This compares to an average of 4.3 Bcfd for the previous seven days. Freeport LNG reported several other outages. Europe was the preferred market for U.S. exports of LNG as traders sought to profit from higher prices for superchilled gases in Europe when compared with Asia. The European benchmark Title Transfer Facility in the Netherlands increased its gas prices to $11.68 per million British Thermal Units (mmBtu), up from $11.48 per mmBtu in April, and to an average of $10.12 by May 2024. LSEG data revealed that of the 8.9 MT LNG exported by the U.S. in April, 6.05 MT, or 68%, went to Europe. This is the same percentage as it was in April. LSEG data show that exports to Asia remained low at 1.88 MT, or 21%, compared with 2.05 MT, or 22%, of total exports. China's demand has been muted by a combination of pipeline imports, renewable energy and a weak industrial sector. China, which is the largest LNG consumer in the world, continues to buy U.S. gas to avoid paying tariffs. Prices for the Asian benchmark Japan Korea Marker, or JKM, fell to $11.83 per million Btu (mmBtu) in May. This is down from $12.23 per mmBtu last month but higher than an average of $10.10 in May 2024. Exports to Latin America fell as well, with.66MT sold in May as compared to.68MT in April. Egypt purchased 3 cargoes totaling.22MT while Bahrain purchased one cargo at.07MT. One cargo left Cheniere's Sabine Pass facility on May 23 but was still in the Caribbean Sea as of Monday, according to LSEG ship tracker data. By 2030, the United States will be the largest LNG exporter in the world. Six projects are expected to receive financial approval by 2025. This will add 90 million metric tonnes per annum of LNG to its output. Curtis Williams, Houston Reporting Nick Zieminski
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Carney and Canadian Premiers bid to accelerate major projects, reduce US reliance
Mark Carney, the Prime Minister of Canada, met with the leaders of 10 provinces on Monday to discuss ways to speed up the approval process for mining and energy projects. Carney claims that streamlining the process would boost the GDP and offset the damage caused by U.S. Tariffs. Carney said Ottawa would declare a number of projects as being in the national interests in an attempt to speed up their construction. He has requested a list from the provinces of possible candidates. The approval process will be shortened to just two years from five. Carney, at the beginning of the meeting held in Saskatoon in western Saskatchewan province, said: "We are in the process redefining our relationships with the United States... The coming weeks and month will be crucial." The progress may be slow. Alberta, a province that produces energy, insists on a pipeline to carry bitumen west, even though there is no current proposal to build it, and British Columbia, a province in the Pacific, is against the idea. Indigenous groups, who are able to have a say in the development of natural resources on their land, say that they will fight any attempts to reduce the approval process which would violate their rights. (Reporting and editing by Nia William in Ottawa, David Ljunggren)
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Fire disables Iraqi domestic gas pipeline
Two energy sources confirmed that an explosion and fire on Monday disabled a gas pipeline from northern Kirkuk oilfields in Iraq to power stations. A representative of the state-run North Gas Co. said an initial inspection revealed cracks in the pipeline due to corrosion, leading to the explosion. The blast occurred around 55 km (35miles) west of Kirkuk. The official stated that "Gas leak caused a blast and fire which stopped gas flow through an internal pipeline transporting gas from Baiji to power stations." A second NGC official confirmed that the repair work was done by technical teams, who rushed into the area. The gas flow had been shut off to allow for the repairs. He said that repairing the damaged part might take up to two days. The Ministry of Oil did not respond immediately to requests for comment. (Reporting and editing by Tomasz Janovowski)
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Source: Kazakhstan's daily crude oil production fell by 4% in may due to lower Tengiz output.
According to a source familiar with the calculations and statistics, Kazakhstan's oil output fell 4% from April to May due to a lower production at the Tengiz Oilfield. However, it remained above the OPEC+ quota. Kazakhstan, a country in the top 10 oil producers, has consistently exceeded the quotas of OPEC+. This alliance is between the Organization of the Petroleum Exporting Countries (OPEC) and other producers, led by Russia. Officials from Kazakhstan said that the country had told the group it did not plan to reduce its oil production. According to the source, Kazakhstan produced 1.748 millions bpd in May. Kazakhstan's OPEC+ quota is 1.486 millions bpd for May. In May, oil production in Kazakhstan dropped as Tengizchevroil, a joint venture between Chevron and Tengizchevroil, reduced output at the Tengiz giant oilfield from 885,000 to 813.200 bpd. Tengizchevroil and the Kazakhstani energy ministry did not respond to comments. The source reported that Kazakhstan's crude oil and condensate total production dropped to 2.02 millions bpd from 2.08million bpd during April. Reporting by Louise Heavens, Editing by Louise Heavens
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Morning Message/Monday
Hello from the Daybook. Today, Tuesday, May 27, the following items have been added: Updates Schedule of President Trump 1 p.m. : Lunch with Vice President. White House, Private dining room. Closed press Updates VICE PRESIDENT VANCE'S SCHEDULE (early schedule) 1 p.m. : Lunch with the President. White House, Private dining room. Closed press Note: The vice president will speak at a gala on Tuesday evening at the National Building Museum, hosted by American Compass. Press RSVP required to [email protected] by 12Noon ET on Monday. SECRETARY OF STATE MARCO RUBIO'S SCHEDULE (early schedule) Attends closed-door meetings at the State Department Note: The secretary of state will speak at an American Compass gala at the National Building Museum on Tuesday night. Press RSVP required to [email protected] by 12Noon ET on Monday. Schedule of the Deputy Secretary of State, Christopher Landau Attendance at closed meetings of the State Department Schedule of MICHAEL RIGAS, Deputy Secretary of State for Management and Resources Attends closed-door meetings at the State Department Schedule of Senior Official for Political Affairs LISA Kenna Attends closed-door meetings at the State Department There will not be a press briefing from the State Department (POLITICS-WEST VIRGINIA-MORRISEY) ADVISORY -- At 9:30 a.m., Gov. Patrick Morrisey, R-West Virginia, holds a press conference in Charleston. Location: West Virginia Governor's Mansion 1716 Kanawha Boulevard, Charleston, West Virginia Contact Drew Galang at 304-558-2000 Please RSVP by pressing the button below. [email protected]. For a webcast, go to: https://www.facebook.com/WVGovernor or https://www.youtube.com/@WVGovernor/streams. (USA-AIRPORT-NEWARK/DUFFY) ADVISORY -- At 1 p.m., Transportation Secretary Sean Duffy holds a news conference to discuss the reopening of a runway at Newark Airport. Attendees include United Airlines CEO Scott Kirby and Port Authority of New York & New Jersey Chairman Kevin O'Toole. Location: Newark Liberty International Airport in Newark, N.J. Contact: 202-366-4570 Please RSVP to [email protected]. For background on Runway 4L-22R, go to: https://www.panynj.gov/port-authority/en/press-room/press-release-archives/2025-press-releases/governor-murphy-and-the-port-authority-of-new-york-and-new-jerse.html. ------ ------ The Morning Message June 2, 2025
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Delivery Hero and Glovo fined $376 million by the EU for antitrust violations
EU regulators announced on Monday that German online food takeaway service Delivery Hero and its Spanish subsidiary Glovo had been fined 329 millions euros ($376million) for participating in a cartel, which included an agreement to not poach each others' employees. This was after an investigation of a year by the European Commission, prompted by dawn raids that occurred in 2023. Delivery Hero's minority stake in Glovo increased to 94% by July 2022. Companies admitted to wrongdoing and received a 10% reduction in fines. In a press release, EU antitrust chief Teresa Ribera stated that "This case was important because these anticompetitive practices were made possible by Delivery Hero's minor stake in Glovo." She added that this is the first time that the Commission has sanctioned agreements prohibiting companies from competing to hire the best employees and reducing opportunities for workers. The regulators said that a shareholder agreement between two companies, signed at the time Delivery Hero acquired a minor stake in Glovo, contained limited no-hire reciprocity clauses which were then expanded into a general deal. They also shared information about prices, commercial strategies and capacity. Glovo's fine was 105.7 million Euros and Delivery Hero's 223 million. Delivery Hero's fine of 223 million euros and Glovo's 105.7 million euros is approximately 20% less. The company stated that this is due to "a reduced intensity of issues investigated during certain periods." Delivery Hero stated in a press release that "the remaining provision will then be released and normalized by management adjustments, without impacting on the company's adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the period." Glovo operates in over 20 countries, including eight in Europe. Delivery Hero has a presence in over 70 countries, including 16 in Europe.
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Russian rail cargo volume dropped by a record 9.4% in may amid slowing economic
The Russian rail cargo volume fell 9.4% on an annual basis in May, to 94.6 millions metric tons. This is the largest monthly drop since the beginning of the conflict in Ukraine. The data published by Russian Railways on Monday showed that the trend of steady decline in 2025 would continue. After two years of rapid growth, fueled by government spending and production for the Ukraine war, Russia's economy is now slowing down. Rail freight volumes are largely driven by industrial output. This rose 1.2% over the first four month of 2025 compared to a 5.1% increase in the same period of last year. Oil, construction materials and grain were the cargo types that saw the sharpest drop in volume. The data revealed that the total volume for the first five month of this year dropped 7.3% in comparison to the same period last year. According to a document seen, Russian Railways will cut its expenditures by 3.5% by 2025 as a result of reduced rail shipment forecasts. According to a document seen by, Russian Railways will cut its spending by 3.5% in 2025 due to reduced forecasts of rail shipment volumes. The Ministry of Economy expects industrial production growth to slow down to 2.6% this coming year, from 4.6% by 2024. (Reporting and editing by Mark Trevelyan; Gleb Stolyarov)
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Delivery Hero and Glovo fined $376 million by the EU for antitrust violations
EU regulators announced on Monday that German online food takeaway service Delivery Hero and its Spanish subsidiary Glovo had been fined 329 million euros ($376 millions) for participating in a cartel, which included an agreement to not poach each others' employees. This was after an investigation of a year by the European Commission, prompted by dawn raids that occurred in 2023. Delivery Hero's minority stake in Glovo increased to 94% by July 2022. Companies admitted to wrongdoing and received a 10% reduction in fines. In a press release, EU antitrust chief Teresa Ribera stated that "This case was important because these anticompetitive practices were made possible by Delivery Hero's minor stake in Glovo." She added that this is the first time the Commission has sanctioned a no-poach contract, in which companies cease to compete for the best talents and reduce the opportunities for employees. The regulators said that a shareholder agreement between two companies, signed at the time Delivery Hero acquired a minor stake in Glovo, contained limited no-hire reciprocity clauses which were then expanded into a general deal. They also shared information about prices, commercial strategies and capacity. Glovo's fine is 105.7 million Euros and Delivery Hero 223 Million Euros. Glovo operates in over 20 countries, including eight in Europe. Delivery Hero has a presence in more 70 countries, including 16 countries in Europe.
NYC-bound Boeing 767 makes emergency stop throughout take-off in Senegal
storyp1> DAKAR, Oct 19 (Reuters) A Delta Airlines Boeing 767 airplane bound for New York made an emergency stop due to a technical event at the Blaise Diagne International Airport in Senegal on Saturday, the West African nation's transport ministry stated.
The pilot had the ability to bring the plane, which brought 216 travelers, to a safe stop and no injuries were taped, the ministry said in a statement.
The airplane, during departure, carried out a velocity maneuver followed by an emergency stop due to a technical occurrence, it stated.
The event occurred a day after the U.S. Federal Air travel Administration said it would open a new safety review into Boeing BA.N following an in-flight emergency in January.
Senegal's national civil air travel company and its Bureau of Investigations and Analysis will investigate the incident, it said.
(source: Reuters)