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The ongoing conflict in the Red Sea region is posing a significant threat to global shipping routes, affecting crucial chokepoints and potentially disrupting the flow of oil, food, and fertilizer shipments worldwide.
In 2023, the United States became the world's largest exporter of liquefied natural gas, surpassing Qatar and Australia, driven by the restart of the Freeport LNG export terminal in Texas and increased production at the Calcasieu Pass facility.
After false rumors of the closure of the giant Libyan Sharara oil field on Tuesday, a letter from Libya’s National Oil Company on Wednesday confirms the shutdown of one of Libya’s most important oil fields.