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US LNG Producers Fear Further Price Drops From US-China Trade Deal

2020-01-31 11:20:00| OGI

China has restarted talks with U.S. LNG marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply. China pledged this month to buy an additional $18.5 billion in U.S. energy products this year, but the U.S.-China trade agreement left tariffs in place, including a 25% levy on LNG imports that puts U.S. LNG at a disadvantage, producers said. "The U.S. doesn't have a margin that would allow any country to charge 25%" above global prices, said Michael Smith, CEO of Freeport LNG, referring to the tariff. Until that tax is removed, "it's a non-starter," he said.

Tags: price trade deal fear

Oil Drops Below $60 As China Virus Stokes Demand Concern

2020-01-27 16:52:47| OGI

Both Brent and WTI suffer hits of more than 3%.

Tags: china oil demand concern

US drops assault charges against Sir Philip Green

2020-01-20 18:23:50| BBC News | Business | UK Edition

The UK retail tycoon had denied four counts of misdemeanour assault against a fitness instructor.

Tags: green charges philip sir

Sprint drops Virgin Mobile brand, to migrate customers to Boost

2020-01-08 09:25:00| Telecompaper Headlines

(Telecompaper) Sprint is dropping the Virgin Mobile brand and moving the customers to its other prepaid offer, Boost Mobile. The plans were announced on the Virgin Mobile website, and customers informed this month. The customer migration is planned to start in February.

Tags: mobile brand customers virgin