Foreign investors may soon be able to snap up huge chunks of Brazil’s fallen giant Petrobras, which may even include shares in the company, sources say.
South Korea’s gas demand and LNG imports have been in decline, and although they will continue to fall this year, demand could grow between now and the end of the decade.
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Ongoing wildfires in the western Canadian province of Alberta have reduced gas demand by the region’s oil and gas industry. Alberta’s oilsands industry uses gas for mining, upgrading operations and operating cogeneration facilities. Consequently, regional gas prices are expected to remain under pressure in the coming weeks.