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☆ Tougher EU methane rules mean US gas sector must clean up act -Maguire
▼ + stars: | 2023-11-16 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014. Methane is the primary component of natural gas, and is a far more potent greenhouse gas than carbon dioxide in terms of climate-warming potential over the near term, according to the Natural Resources Defense Council, a U.S.-based nonprofit. However, in terms of methane intensity, or a measure of how much methane is emitted in the production of oil and gas, the United States ranks 10th, emitting 8.18 tonnes of methane per kiloton of oil energy equivalent (ktoe). That U.S. intensity rating compares favourably to Venezuela's 53.35 tonnes of methane per ktoe, and is 42% less than Russia's 14 tonnes of methane per ktoe. What's more, it is unclear where EU lawmakers will draw the line in terms of what methane intensity levels are acceptable, and if they plan to adjust thresholds over time.

Persons: Snow, Gary Cameron, Gavin Maguire, Christopher Cushing Organizations: REUTERS, European Union, Natural Resources Defense Council, . Energy Information Administration, U.S, LNG, Russia, International Energy, United States, Reuters, Thomson Locations: Lusby , Maryland, LITTLETON , Colorado, United States, U.S, Europe, Russia, Ukraine, States, Canada, Saudi Arabia

Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014. The November figure will also be a slight increase from the 21.41 million metric tons from the same month last year. India, Asia's fourth-biggest LNG buyer, is expected to import 1.3 million metric tons in November, down from 1.85 million in October. More U.S. LNG is also heading to Asia, with November imports slated at 1.97 million metric tons, up from 1.83 million in October. This leaves the spot price at the mercy of demand, and while there has been some uptick in both Asia and Europe, it hasn't been enough to drive spot prices higher.

Persons: Snow, Gary Cameron, Europe hasn't, Asia's, Diane Craft Organizations: REUTERS, Rights, world's, LNG, U.S, Reuters, Thomson Locations: Lusby , Maryland, Rights LAUNCESTON, Australia, Asia, Europe, United States, October's, China, Japan, India, Russia, Ukraine, Qatar, U.S, Western Australia

The newspaper's banner logo is seen during the grand opening of the Washington Post newsroom in Washington January 28, 2016. REUTERS/Gary Cameron/File Photo Acquire Licensing RightsCompanies Amazon.com Inc FollowNov 4 (Reuters) - William Lewis, the former Dow Jones chief executive and publisher of The Wall Street Journal has been named chief executive and publisher of The Washington Post, the Post said on Saturday. The Washington Post said that it is projected to end the year taking a $100 million loss. Lewis is set to take on his duties from Jan. 2, 2024, replacing Patty Stonesifer, who became interim chief executive in June. Stonesifer had replaced Fred Ryan, who stepped down in August after a nine-year stint as publisher and CEO.

Persons: Gary Cameron, William Lewis, Dow Jones, Lewis, Jan, Patty Stonesifer, Jeff Bezos, Stonesifer, Fred Ryan, Ryan, Gursimran Kaur, Helen Coster, Daniel Wallis, Michael Perry Organizations: Washington Post, REUTERS, Dow, The Washington Post, Reuters, Post, Thomson Locations: Washington, Bengaluru, New York

The usual seasonal pattern for the spot price is a rally heading into the northern winter and summer peak demand periods, followed by a lull in the shoulder seasons in between. This figure already exceeds the 20.22 million metric tons from October last year and is likely to be revised upwards as more cargoes are assessed. Demand in top importer Japan is still following the usual seasonal pattern, which generally sees soft arrivals in October followed by strength as the colder weather arrives. India's imports have been trending higher, with September arrivals of 2.15 million metric tons the most since October 2021. Europe's LNG imports are also showing signs of life, with Kpler estimating October arrivals at 8.58 million metric tons, up from 7.4 million in September.

Persons: Snow, Gary Cameron, Wheatstone, Lincoln Organizations: REUTERS, Rights, Japan, LNG, El, Chevron, Reuters, Thomson Locations: Lusby , Maryland, Rights LAUNCESTON, Australia, Asia, Ukraine, China, Japan, South Korea, Europe, EUROPE, El Nino, Western Australia, Israel, Persian, Qatar, United States

☆ North Korea blames US for 'grave terrorist' act against Cuban embassy
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

The Cuban flag flutters in the wind after being raised at the Cuban Embassy reopening ceremony in Washington July 20, 2015. REUTERS/Gary Cameron/File Photo Acquire Licensing RightsSEOUL, Oct 1 (Reuters) - North Korea accused the United States on Sunday of letting a "terrorist" act against Cuba take place on U.S. soil, saying a recent attack against the Cuban embassy in Washington was the result of "despicable anti-Cuban" U.S. intentions. Along with Cuba, North Korea, Syria and Iran are on the State Department list. White House national security adviser Jake Sullivan said the United States strongly condemned the attack and that U.S. law enforcement authorities would investigate. Havana has said it is unreasonable for Washington to keep Cuba on its terrorism list and maintain a Cold War-era economic embargo.

Persons: Gary Cameron, Jake Sullivan, Jack Kim, William Mallard Organizations: Cuban, REUTERS, Rights, United, State Department, North Korean, White House, Thomson Locations: Cuban, Washington, Rights SEOUL, North Korea, United States, Cuba, North, Syria, Iran, Havana

☆ Supreme Court charts rightward path in new term
▼ + stars: | 2023-09-28 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

People line up in the rain outside of the U.S. Supreme Court in Washington April 29, 2014. Circuit Court of Appeals, whose staunch conservatism rivals that of the Supreme Court. The justices this term could hear five or more appeals of 5th Circuit rulings. The cases test whether the Supreme Court will go as far as the 5th Circuit. "My instinct is that the Supreme Court will not go this far in most of these cases," Chemerinsky said.

Persons: Gary Cameron, Joe Biden's, Amy Coney Barrett, Donald Trump's, Erwin Chemerinsky, Chemerinsky, Roman Martinez, John Roberts, pare, Martinez, Steve Schwinn, Schwinn, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Financial Protection Bureau, Securities and Exchange Commission, SEC, Democratic, New, Circuit, Republican, University of California Berkeley Law, Constitution, Congress, University of Illinois, Thomson Locations: Washington, New Orleans, U.S, University of Illinois Chicago, Texas, New York

☆ Guns, agency power cases loom as US Supreme Court charts rightward path
▼ + stars: | 2023-09-28 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

People line up in the rain outside of the U.S. Supreme Court in Washington April 29, 2014. Circuit Court of Appeals, whose staunch conservatism rivals that of the Supreme Court. The cases test whether the Supreme Court will go as far as the 5th Circuit. "My instinct is that the Supreme Court will not go this far in most of these cases," Chemerinsky said. "I think the 5th Circuit has taken positions that the most conservative justices will accept, but I would be surprised to see a majority for these positions."

☆ Molotov cocktails thrown at Cuban embassy in Washington, minister says
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

Sept 25 (Reuters) - An assailant attacked the Cuban embassy in Washington with two Molotov cocktails on Sunday night, Cuban Foreign Minister Bruno Rodriguez Parrilla said on messaging platform X, adding that nobody was hurt. The Cuban flag flutters in the wind after being raised at the Cuban Embassy reopening ceremony in Washington July 20, 2015. "We are in contact with Cuban embassy officials and law enforcement authorities to ensure an appropriate and timely investigation as well as to offer our support for future protective efforts," he said in a statement. Earlier this month, U.S. and Cuban officials made progress on a range of issues during high-level talks in Washington. Reporting by Natalia Siniawski and Costas Pitas; Editing by Peter Graff and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Rodriguez Parrilla, Miguel Díaz, Canel, Rodriguez, Gary Cameron, Jake Sullivan, Natalia Siniawski, Costas Pitas, Peter Graff, Jamie Freed Organizations: Cuban Foreign, United Nations, Cuban, Twitter, REUTERS, White House, Service, Biden, Thomson Locations: Cuban, Washington, New York, Cuba, United States

In 2022 the bond market crash saw the value of central banks' Treasuries holdings plunge by $435 billion, Bertaut and Judson's estimates show. This doesn't suggest central banks are dumping Treasuries, be it for financial or political reasons. What's more, these figures don't account for what analysts describe as stealth or shadow central bank demand not included in the official data. Reuters Image Acquire Licensing RightsIt is undeniable, however, that the collective central bank footprint in the Treasuries market is nowhere near what it used to be. For now, central banks are still buying, just not as much as they used to.

Persons: Abraham Lincoln, Gary Cameron, chunky, Carol Bertaut, Ruth Judson, That's, Steven Englander, Judson, Lehman Brothers, Jamie McGeever, David Holmes Organizations: Engraving, REUTERS, Rights, U.S, of America, Bank of America, BANK, Standard Chartered, Treasuries, Fed, ICE, Treasury, Reuters, Thomson Locations: Washington, Rights ORLANDO , Florida, Beijing, China, Saudi Arabia, American Republic, North America, Belgium

☆ Biden nominates former Treasury Secretary Lew as ambassador to Israel -statement
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

United States Secretary of the Treasury Jack Lew speaks at the Centre for American Progress in Washington, U.S., October 13, 2016. REUTERS/Gary Cameron/File photo Acquire Licensing RightsWASHINGTON, Sept 5 (Reuters) - U.S. President Joe Biden on Tuesday announced former Treasury Secretary Jack Lew as his nominee for ambassador to Israel, the White House said in a statement. In addition to Treasury secretary, Lew served under former President Barack Obama as White House chief of staff and deputy secretary of state for management and resources. Lew was director of the Office of Management and Budget, a position in President Bill Clinton's Cabinet, from 1998 to 2001. In both the Democratic Clinton and Obama administrations, Lew served on the National Security Council.

Persons: Jack Lew, Gary Cameron, Joe Biden, Lew, Benjamin Netanyahu, Biden, Tom Nides, Barack Obama, Bill Clinton's, Democratic Clinton, Obama, Clinton, Paul Grant, Doina Organizations: Centre for American Progress, REUTERS, Rights, Tuesday, U.S . Senate, White, Management, Democratic, National Security Council, Thomson Locations: Washington , U.S, Israel

☆ US LNG projects win higher processing fees as interest rates climb
▼ + stars: | 2023-08-30 | by ( Curtis Williams | ) www.reuters.com time to read: +3 min

Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014. REUTERS/Gary Cameron/File Photo Acquire Licensing RightsHOUSTON, Aug 30 (Reuters) - Long-term buyers of U.S. liquefied natural gas (LNG) are willingly agreeing to higher liquefaction fees at newer export projects, according to analysts and developers familiar with the matter. The U.S. emerged in 2022 as the world's second largest LNG exporter on plentiful supplies of natural gas and relatively low processing costs per metric ton of LNG. But rising interest rates and higher construction costs have pushed up liquefaction fees, also known as tolling fees. Other developers are turning to increased equity investment in new projects to reduce the impact of higher interest rates on finance costs, said Poten's Feer.

Persons: Snow, Gary Cameron, Lyle Hanna, Jason Bennett, Baker Botts, Bennett, it's, Jason Feer, NextDecade, Feer, Poten's Feer, Curtis Williams, Marguerita Choy Organizations: REUTERS, Rights, Commonwealth LNG, LNG, U.S, Henry, Poten, Partners, Reuters, of Fossil Energy, Carbon Management, Cheniere Energy, Thomson Locations: Lusby , Maryland, U.S, Ukraine, Rio Grande, Houston

☆ J&J Prices Consumer Unit IPO at $22 a Share
▼ + stars: | 2023-05-04 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

Sales of Tylenol were driven higher by a rough cold and flu season. Photo: gary cameron/ReutersJohnson & Johnson ’s big consumer-healthcare business priced its initial public offering at $22 a share in the biggest new-stock listing of the year. The offering was priced at the higher end of the $20 to $23 targeted range, with about 10% more shares sold than planned, according to people familiar with the matter. At that price, the offering is expected to raise at least $3.7 billion and value the new company, known as Kenvue , at more than $40 billion.

☆ U.S. government posts $378 billion deficit in March
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Gary CameronApril 12 (Reuters) - The U.S. government recorded a $378-billion budget deficit in March as outlays outpaced revenues, the Treasury Department said on Wednesday. That compared to a budget deficit of $193 billion in the same month last year, according to the Treasury's monthly budget statement. Analysts polled by Reuters had forecast a $302 billion deficit for the month. When adjusted for calendar effects, the deficit for March was $305 billion compared with an adjusted deficit of $187 billion in March 2022. Unadjusted receipts last month totaled $313 billion, down 1% from $315 billion in March 2022, while unadjusted outlays were $691 billion, an increase of 36% from the same month a year earlier.

☆ Trump faces more legal threats beyond a hush money case. Here's the status of those probes
▼ + stars: | 2023-04-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +10 min

Cohen has since become a vocal critic of his former boss and testified before the grand jury hearing evidence in Bragg's probe. The grand jury was impaneled in January 2022 to hear evidence in Fulton County DA Willis' probe. Portions of that final report, which were released in February, show the grand jury determined that at least one witness may have lied under oath. New York civil caseTrump is also embroiled in a state-level civil fraud case filed by James, the New York attorney general. (L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington July 23, 2014.

☆ Savers poised for 'biggest win' in 2023 as inflation falls. Where to put your cash now
▼ + stars: | 2023-02-06 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Xavier Lorenzo | Moment | Getty ImagesAs interest rates go up, 2023 is shaping up to be a good time for savers who stand to earn more money on their cash. As the unemployment rate hit a 53-year low in the latest jobs report, the interest rate increases are expected to keep coming. Online savings accounts tend to pay the highest rates, with rates like 4% or 4.5% becoming more common. Series I bonds have 'become a better deal'Series I bonds are accrual type savings bonds tied to inflation that are issued by the government. If you cash in the I bond in the first five years, you will lose three months' interest, McBride said.

☆ Wells Fargo's third-quarter earnings beat shows why the bank is a key Club pick
▼ + stars: | 2022-10-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Wells Fargo (WFC) reported better-than-expected third-quarter results before the market opened Friday, bolstering shares, and validating the Club's bullish investment case for the lender. Wells Fargo was trading up nearly 3% in midday trading, at around $43.40 a share. * Financial definitions for bank stocks : ROTCE is a measure of annualized earnings applicable to Wells Fargo common shareholders as a percentage of average tangible common equity. Within consumer lending, home lending was down 52% from last year, while credit card revenue increased 8% over last year. A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.

(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington, July 2014. It also named as defendants the Trump Organization - a family company that manages hotels, golf courses and other real estate around the world - as well as the former president's sons Donald Trump Jr. and Eric Trump and his daughter Ivanka Trump. But James said she was referring allegations of criminal wrongdoing to federal prosecutors in Manhattan and the Internal Revenue Service for investigation. "The pattern of fraud and deception that was used by Mr. Trump and the Trump Organization for their own financial benefit is astounding," James said at a news conference. James' civil probe is separate from a criminal tax fraud probe against the Trump Organization by Manhattan's district attorney, Alvin Bragg.

She called the "pattern of fraud and deception" used by Trump and the Trump Organization "astounding." 'DISASTERS OF THE WORLD'(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington, July 2014. Donald Trump Jr tweeted that James was "weaponizing her office to go after her political opponents!" Manhattan District Attorney Alvin Bragg has separately charged the Trump Organization with criminal tax fraud, and is preparing for an Oct. 24 trial. read more"Our criminal investigation concerning former President Donald J. Trump, the Trump Organization, and its leadership is active and ongoing," Bragg said in a statement.

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