Page 6 - Commodity Intelligence Services News Today

LONDON (ICIS) -- Price spreads between Europe and Asia widened earlier in the week but had narrowed again by 16 November.

Read article about The skyrocketing energy prices, an outcome of the Russia-Ukraine war, is raising a fear that it may create chaos across the world, especially in energy-importing countries. and more articles about Textile industary at Fibre2Fashion

Whether as a transmitting country or a gas trader, Turkey faces a series of obstacles to becoming a replacement for Russian gas

Record-high October temperatures were shattered everywhere from Scandinavia to Spain.

Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with whats going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!

HOUSTON (ICIS) – The TTF front-month contract has fallen by 31% since the start of October.

Asian spot LNG prices surpassed the ICIS TTF benchmark this week for the first time since late June on rising demand in Asia and high stock levels in Europe.

For months, officials have warned of an energy crisis this winter as Russia — once the region's biggest supplier of natural gas — slashed supplies in retaliation for sanctions Europe imposed over its invasion of Ukraine. Now, EU gas storage facilities are close to full, tankers carrying liquefied natural gas (LNG) are lining up at ports, unable to unload their cargoes, and prices are tumbling.

Although natural gas and fertilizer prices have eased, high prices and tight supplies will continue to persist in the medium term.

Asia spot prices have fallen this week, with the December ‘22 ICIS East Asia Index (EAX) down more than 20% on 20 October from one week ago.