Saturday, November 9, 2024
GLOBAL LNG-Asian LNG prices stable on weak demand- oil and gas 360

GLOBAL LNG-Asian LNG prices stable on weak demand

Nasdaq LONDON – Asian spot liquefied natural gas (LNG) prices were stable this week continued muted demand from Asia amid a lockdown in China, allowing European gas prices to maintain a premium to keep LNG cargoes flowing to the continent. The average LNG price for May delivery into north-east Asia LNG-AS was estimated at $33.00 per metric million British thermal units (mmBtu),

Putin tells Europe: You still need Russian gas but we're turning east- oil and gas 360

Putin tells Europe: You still need Russian gas but we’re turning east

Nasdaq President Vladimir Putin said on Thursday that Moscow will work to re-direct its energy eastward as European countries try to reduce reliance on Russian exports, adding that Europe will not be able to completely shun Russian gas immediately. Russia has been forging closer ties with Asia and China, the world’s top energy consumer, trying to diversify away deliveries from

Oil Dips on Demand Concerns After IMF Cuts Growth Outlook- oil and gas 360

U.S. oil drilling, output moving higher with energy prices

Nasdaq U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts.   Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia’s invasion of Ukraine. Prices are up 70% year-over-year,

Oil prices fall as market weighs mixed supply signals- oil and gas 360

Oil prices fall as market weighs mixed supply signals

CNBC Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down $1.17, or 1.1%, at $107.61 a barrel, while U.S. West Texas Intermediate futures were off $1 or 1%, at $103.25 a barrel at 1110 GMT. Both contracts on Wednesday had