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Winter forwards prices at natural gas hubs across the US South Central region are surging this week, even as cooler weather and lower demand allow more supply to flow into storage. While the recent inventory build could narrow the region’s lingering deficit, record Gulf Coast LNG exports expected this winter promise to keep supply tight ...
Oil demand markers in many of the world’s biggest consumers remain on an upward trajectory as key economies continue to recover, lending further support to oil prices which have broken through the $80/b level this week to a fresh multi-year high. Global mobility, a barometer for gasoline and diesel demand, averaged 8.1% below pre-COVID levels ...
US natural gas storage fields have possibly posted the second triple-digit build of the year as milder weather dims demand, but key regions remain undersupplied, propelling prices higher, as the final full month of the injection season begins. The US Energy Information Administration is expected to report a 111 Bcf injection for the week ended ...
Asia-Pacific spot LNG prices hit a fresh record high Oct. 6, with the JKM benchmark surpassing $50/MMBtu for the first time ever as the gas price crisis in Europe grows more severe, increasing global competition for LNG cargoes. The JKM for November was assessed $16.655/MMBtu higher at $56.326/MMBtu Oct. 6. This was both the largest ...
Straining supply lines and under-investment in upstream will likely dog oil markets and support prices, with levels similar to current ones in a year’s time, the CEOs of commodity traders Vitol, Gunvor Group and Trafigura said at an industry event Oct. 4. Oil will likely be at $75/b, gas at the Dutch TTF hub, weather ...