SINGAPORE / Reuters US liquefied natural gas (LNG) project developer Tellurian Inc is offering billions of dollars in equity in its Driftwood project in Louisiana to make it more attractive for buyers, a senior company official said on Monday. Tellurian is offering 60 percent to 75 percent equity interest in Driftwood Holdings, which comprises Tellurian’s upstream company, its pipeline and …

Bloomberg Oil extended gains as OPEC and its allies reiterated that all options are open to re-balance the market. December futures increased as much as 0.8 percent in New York. OPEC and its partners including Russia achieved a record-high level of compliance to output cuts during September, according to a statement from the committee responsible for monitoring the agreement. In …

Bloomberg The crude market may be underestimating China’s oil demand. Storage data gathered by satellite implies the amount of crude China is putting into storage is below what can be extrapolated from the nation’s customs and production data, Barclays Plc analysts wrote in a note. That means it may be consuming more oil than official data indicate and that the …