Multibillion-dollar investment potentially benefits US exports. BEIJING -- Exxon Mobil agreed to invest several billion dollars for a chemical complex and liquefied natural gas terminal in Guangdong Province, the company said Thursday, tapping rising Asian demand and China's desire to ease the trade war with Washington. Exxon Mobil plans to build a plant to produce petrochemicals in the city of Huizhou, with operations starting in The oil major envisions producing 1.
Warp factor: Asia's LNG markets distorted by oil price surge
Warp factor: Asia's LNG markets distorted by oil price surge - Reuters
Asia's natural gas prices are rising. Now higher oil prices and tariffs could cause more pain
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities. Trump's tweet comes a day after Apple put out a press release describing the money it spends on U. CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.
The price gap between LNG traded in the spot market and term cargoes linked to benchmark Brent crude oil has stretched to its widest in about 8 years, driving some buyers locked in to term deals to try to delay shipments or look to adjust contracts. That comes as record supplies of LNG keep spot prices low, while prices under term contracts rise in tandem with oil. Brent this week hit highs so far for after Washington stepped up sanctions on Tehran and as the Organization of the Petroleum Exporting Countries OPEC continued to withhold crude supply to bolster markets.