Trade
Liquefied Natural Gas (LNG) , Trade
LNG Sellers Hold Upper Hand in Long-term Supply Talks with Buyers
Asian spot LNG prices have pulled back to around $30 per mmBtu, but remain nearly 500% up from last year.
Crude Oil , Trade
What’s Affecting Oil Prices This Week? (Oct. 18, 2021)
While the news about COVID-19 and supply/demand fundamentals remain favorable, Stratas Advisors says they see other factors that will moderate oil prices.
Crude Oil , Trade , International
Brent’s ‘Scarcity Premium’ Widens to Most Since 2013 in Oil Rally
Carsten Fritsch, analyst at Commerzbank, said the surge in oil prices was due to a tight market, as shown by the 12-month forward curve and the premium at which the first-month futures contract is trading to the second.
Crude Oil , Trade , International
Saudi Arabia Energy Minister Dismisses Calls for Extra OPEC+ Barrels
OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.
Crude Oil , Trade , International
IEA: Energy Crisis Could Threaten Global Economic Recovery
Oil and natural gas prices have soared to multiyear highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe.
Liquefied Natural Gas (LNG) , Natural Gas , Trade , Midstream
Cheniere to Sell LNG to China’s ENN in Long-term Deal
This is the first major binding deal for natural gas between the U.S. and China since a long-standing trade war which brought gas trade between both countries to a temporary standstill.
Crude Oil , Trade
White House Stands by Calls for OPEC+ to Do More on Oil Prices
A White House official said the Biden administration was closely monitoring the cost of oil and gasoline and “using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.”
Liquefied Natural Gas (LNG) , Natural Gas , Trade , International , Midstream
Tellurian’s Souki: European Gas Crunch Must Be a Wake-up Call to America
Here’s what the U.S. can learn from Europe’s gas shortage, according to Charif Souki, the LNG tycoon.
Crude Oil , Trade , International
Saudi to Supply Additional Crude to Some Asian Refiners in November
Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge of the matter said on Oct. 11.
Crude Oil , Trade
Oil Prices Surge on Global Energy Crunch, WTI Jumps $2 to $81.35
Oil prices in the U.S. were up $2 at $81.35/bbl, the highest since late 2014. WTI crude rose 4.6% through Oct. 8.