U.S. LNG developer NextDecade Corporation has decided to invest $6.7 billion in the expansion of its Rio Grande LNG facility in Texas in another boost to America’s LNG export capacity in the coming years.
Oil prices edged lower on Friday, heading for a weekly loss of around 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine.
Brent crude futures were down 65 cents, or 1.1%, at $60.41 a barrel at 1026 GMT, while U.S. WTI futures were 58 cents lower, down 1%, at $56.88.
Curious Minds Corner
What’s the nickname for an uncontrolled oil or gas well blowout?
Gusher, sometimes reaching 200 ft high in early history.