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Energy Business Environment Featured Finance

EU’s $250 billion-per-year spending on US energy is unrealistic

 The European Union’s pledge to buy $250 billion of U.S. energy supplies per year is unrealistic because it would require the redirection of most U.S. energy exports towards Europe and the EU has little control over the energy its companies import. The U.S. and EU struck a framework trade deal on Sunday, which will impose 15% U.S. […]

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Saudi Aramco signs preliminary agreements worth up to $90 billion with US companies

Saudi Aramco has signed 34 preliminary agreements with major U.S. companies, potentially worth as much as $90 billion, the oil giant said on Wednesday. The deals highlight deepening U.S.-Saudi commercial ties as the kingdom pushes ahead to diversify its economy and attract foreign investment. The agreements span liquid natural gas, fuels, chemicals, emission-reduction technologies and artificial […]