Today, Shell International resumed shipment of liquefied natural gas (LNG) from the Prelude facility, the world's largest floating LNG terminal, located off northwest Australia, after a 4-month shutdown due to a major blackout. A Shell spokesman said that a shipment…
Continue ReadingBecause of rising heating demand, the price of natural gas in the United States is set to reach its highest level since 2008. On Monday, U.S. natural gas futures rose about 5%, putting the contract on track for its highest…
Continue ReadingOil prices fell about 2% during trading on Monday, amid the market's anticipation of the liberation of the strategic oil reserves announced by the member states of the International Energy Agency, with the continued closures in China due to the…
Continue ReadingAlthough Europe's decision to ban Russian coal will affect a major source of Moscow's revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions…
Continue ReadingToday, Thursday, oil prices returned to rise again, to compensate for some of the losses they incurred during trading on Wednesday, when they fell to their lowest level in 3 weeks. Oil prices started trading on the rise today, but…
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