Thursday, January 30, 2025
Column: Global LNG volumes hit record high as Europe crowds out poorer Asia- oil and gas 360

Column: Global LNG volumes hit record high as Europe crowds out poorer Asia

Nasdaq LAUNCESTON – The world imported more liquefied natural gas (LNG) in 2022 than ever before, but the war in Ukraine has meant that the growth was concentrated in wealthy European countries and away from poorer Asian countries. Total global LNG imports rose to 409 million tonnes last year from 386.5 million tonnes in 2021, according to data from Refinitiv,

Oil rises on China demand hopes; upcoming U.S. inflation data caps gains- oil and gas 360

Oil rises on China demand hopes; upcoming U.S. inflation data caps gains

Nasdaq Oil prices edged up on Thursday, building on gains in the previous session as China’s demand outlook improved, though gains were limited ahead of upcoming inflation data from the United States.   Brent crude LCOc1had risen 16 cents, or 0.2%, to $82.83 per barrel by 0442 GMT, while U.S. West Texas Intermediate crude CLc1also rose 13 cents, or 0.2%, to $77.54 per barrel. Both benchmarks rose 3% in Wednesday’s session, boosted by