China hasn’t imported liquefied natural gas from the United States since early February, as the tariff war hit energy trade and could have long-term consequences for U.S. LNG export contracts. The last LNG cargo to arrive in China from America was a tanker from Corpus Christi, which docked in the southern Chinese province of Fujian…
The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the “right business conditions”. Offshore Energies UK said that local energy production was estimated at some 2 billion…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
Incoming President Donald Trump will give the S&P 500 an Inauguration Day present, electing to put new tariffs on hold. Instead, Trump is expected to direct federal agencies to evaluate U.S. trade policies and fix shortcomings, The Wall Street Journal reported Monday. S&P 500 futures rose and the U.S. dollar fell on the news. The…
DE PERE (NBC 26) — The De Pere BP station that inadvertently sold water-tainted fuel to customers Monday afternoon has determined the cause of the accident. An investigation by Tanknology this week found the issue to be a failure to lock the caps and wires of the fuel tanks properly, District Manager Nicole Engels said….
{KXLG – Watertown, SD} The Codington County Commissioners have approved a Facility Use Agreement and Pet Addendum with the American National Red Cross. The agreement will allow the Codington County Extension Complex to be used during emergencies. Emergency Management Director Andrew Delgado and Facility Manager Steve Molengraaf presented the agreement to the Commissioners. Delgado explained…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
Ukraine sees the transit agreement aiding Moscow’s war finances, but it stands to lose £634 million a year from transiting fees for a pipeline that connects Russia to Poland, Slovakia, Hungary, Romania and Moldova. The gas “swap” is one of several possibilities on the table, and Ukraine’s President Volodymyr Zelensky confirmed his government was in…
(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…