Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003, according to new Reuters data. Sanctions and low production caused the decline in November. The last time levels were this low, an industry strike had shut down a large portion of the Latin American...
The world’s liquefied natural gas (LNG) market has dramatically changed over the past few years. Continuously growing supply has led to a glut, and the U.S. starting LNG exports has led to more flexible contract terms. LNG trade is increasingly shifting to a buyers’ market, where importers are shaping...