Oil prices rose on Thursday, bolstered by a decline in U.S. crude inventories and the anticipation of a rebound in gasoline demand in the coming weeks in the United States. Thus, Brent crude rose by 0.6% to settle at $83.27 per barrel. WTI crude traded around 1% higher to close at $79.23 per barrel.
read more... 17/05/2024
Egypt has halted all LNG exports from May onwards to meet is domestic needs, according to local media, in light of reduced gas production and heightened summer demand.
read more... 24/04/2024
The European Parliament voted on Thursday to pass rules allowing European governments to ban Russian liquefied natural gas (LNG) imports, by preventing Russian firms from booking gas infrastructure capacity.
read more... 12/04/2024
Oil prices weakened on Wednesday, reflecting an unexpected build in U.S. crude inventories, in contrast to analysts' forecasts. As a result, Brent crude retreated by 0.4% to settle slightly above $86 a barrel, while WTI crude settled at $81.35 a barrel, down 0.3% day-on-day.
read more... 28/03/2024
The global LNG market could face a sea change in prices and trade flows later this decade if the European Union includes LNG in its carbon border tax.
read more... 25/03/2024