In the volatile world of LNG trade, understanding the impact of winter on market dynamics is crucial. This commentary introduces a novel approach: scenario planning as a strategic tool for navigating seasonal uncertainties.
COP28 came at the end of another very volatile year for the global energy market. We look ahead to what 2024 has in store, and COP29 in Azerbaijan. [Gas in Transition, Volume 3, Issue 12]
The International Energy Agency has for the first time forecast in all its outlook scenarios that use of oil, gas and coal will all peak before the end of the decade. [Gas in Transition, Volume 3, Issue 11]
(Bloomberg) An Arctic blast that’s sweeping through North America is heightening the risk of blackouts. With more cold still in the forecast, electric grids from Texas to Alberta will continue to be under strain and some power prices have surged. Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteNvidia’s Red-Hot 2024 Start a Bright Sp
As the infrastructure required to ensure Southeastern Europe is supplied with natural gas comes into operation, Greece’s role as a center for receiving and distributing gas throughout the region is gaining in significance. Gas is flowing in and gas is flowing out as it should at any gas hub.
Lifevac devices. the aim is to see them installed in every 0fsted registered childcare sitting in kent. to do that, they will need to raise nearly £80,000. ian palmer, bbc news. it s fascinating. at around 8:15 this morning, we ll get some advice from a stjohn ambulance volunteer on what to do if your child is choking. you are not always going to be lucky enough to have access to one of those devices so there are some techniques. let s take a look at today s papers. the observer leads with a warning from some leading economists that the red sea crisis could shatter hopes of economic recovery around the world by reigniting inflation and disrupting energy supplies. we are already talking about the oil price sticking up. we are already talking about the oil price ticking up.
20% of more in red sea activity. that s according to lloyd s list. it marks the start of a potentially cascading effect, which the world bank outlined in a report this week. this is important to note warning in that report that energy supplies could be disrupted leading to spikes in applies that could turn over to other commodities that would heighten global tensions and at an inflation high moment, economic uncertainty. in the month before the u.s.-led strikes that happened last night, the volume of containers transported through the red sea plummeted. that s not an error. that s the line. by more than half. almost at 70% of the usual volume expected is where how much it has dropped. that has led to a dramatic increase in the cost to ship goods. look at the spike right here. you see the spike to ship a 40 foot container. that sounds a little bit in the weeds here. however, that is critical. explain why in a second. it has more than doubled since november. it s true, economic officials
US President Joe Biden warned on Thursday that he would "not hesitate" to take further action if necessary. The US-UK strikes followed "unprecedented" attacks by the Houthis on commercial ships in the Red Sea. "These targeted strikes are a clear message that the United States and our partners will not tolerate attacks on our personnel or allow hostile actors to imperil freedom of navigation," Biden said of the attacks by air and sea.