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.

October 19, 2021

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.

October 18, 2021

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.

October 15, 2021

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.

October 14, 2021

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.

October 14, 2021

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.

October 13, 2021

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.”

October 12, 2021

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.

October 12, 2021

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.

October 11, 2021

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.

October 11, 2021