Latest news
Asian spot LNG prices eject Europe as world’s leader
Asian spot liquefied natural gas (LNG) prices have re-established a premium over competing European benchmarks, reversing a month-long tendency, since Atlantic markets sucked up further supply generating deficits elsewhere.
read more... 03/03/2015
Yamal LNG inks agreement with Gazprom to vend LNG in Asia
A trading division of Russian gas producer Yamal LNG has inked a long-term supply deal with a trading division of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be vended in Asia, as stated by Yamal LNG on Friday.
read more... 26/01/2015
Daily: Crude oil prices to a fresh five-year low on OPEC determination not to curb output
Brent crude oil reached a new five-year low close to $60 a barrel on Monday on OPEC’s decision not to curb output despite fears of a global oversupply. Brent for January delivery plunged to a low of $60.28 a barrel in Asian trade, down $1.57 and its weakest level since July 2009. The futures contract then rocketed to trade around $62.20 by 14:50 GMT, up 35 cents from Friday's settlement. WTI for January delivery settled at $57.50 a barrel, down 31 cents, after hitting a low of $56.25 earlier in the day - its lowest level since May 2009.
read more... 16/12/2014
Daily: Oil prices shed again on Saudi price discounts
Crude oil settled lower on Thursday as the debate over pricing was prolonged after Saudi Arabia unveiled considerable price discounts for oil it sells to Asian and U.S. buyers. North Sea Brent declined 28 cents to settle down at $69.64 a barrel, after trading in a range of nearly $2. U.S. crude dropped 57 cents to close at $66.81, having slipped to $66.09 earlier.
read more... 05/12/2014
Daily: Crude oil prices decline as Saudi cuts price for U.S. customers, soars others
Crude oil dropped by as much as $2 a barrel in the final minutes of regular trade on Monday, attaining new lows in New York as Saudi Arabia intensified price cuts for U.S. customers. Brent crude quickly turned positive on news that Saudi company Aramco had increased their monthly selling prices to Asia and Europe. Brent crude declined as low as $84.18 per barrel, but closed at $84.78. U.S. crude prices traded at its lowest level since mid-2012 as Aramco also cut its prices for U.S. customers. WTI crude hit a low of $78.14 per barrel, its lowest level since June 2012, before ending down $1.76 at $78.78.
read more... 05/11/2014