Qatar Extends LNG Force Majeure as Hormuz Crisis Drags On
State-owned QatarEnergy has extended the force majeure on LNG deliveries to Asia and Europe by another month through the end of November, as LNG cargo traffic through the Strait of…
High Freight Costs Push More U.S. LNG Toward Europe
Europe is currently benefiting from the closed arbitrage between the U.S. Gulf Coast and Asia and is taking more LNG supplies in possible relief from concerns about winter gas supply.…
European Gas Prices Rally on U.S.-Iran Stalemate
Europe’s benchmark natural gas prices rose by 2% in early trade in Amsterdam on Monday, as the United States and Iran are again locked in a stalemate over negotiations and…
UK Grid Operator Warns of Tight Power Margins
The UK power system faces a margin shortfall of 1.4 gigawatts (GW) on Monday evening local time, the National Energy System Operator said in a routine precautionary notice. During the…
Indonesia’s Coal Exports Sink 23% as Global Demand Heads for a Record
The world’s biggest exporter of thermal coal, Indonesia, is not benefiting from tightening global coal markets amid an Asian switch to coal from gas due to the Middle East crisis…
The knock-on industry impacts of high diesel prices
Diesel – often dubbed the ‘industrial workhouse fuel’ – is integral to the powering of energy, transport, construction and agriculture. So news that prices have hit an all-time high of…
Energy Groups Urge Trump to Reject Fuel Export Restrictions
In a statement sent to Rigzone recently, American Fuel & Petrochemical Manufacturers (AFPM) announced that more than 30 U.S. business, energy, and manufacturing groups from around the country have issued…
Middle East Oil Exports Rebound to 12.8 Million Bpd
Crude oil exports from the Middle East have risen to 12.8 million barrels daily this month, preliminary data from Kpler cited by Reuters has suggested. The rebound was led by…
Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
If the United States institutes a ban on diesel fuel exports, Goldman Sachs analysts estimate it would initially push prices lower. The effect, however, would only continue until storage space…
Germany’s Gas Storage Sits at 57%, but VNG Says Winter Supply Is Covered
Thanks to diversified import capabilities, Germany doesn’t face a gas supply shortage despite record-low levels of natural gas in storage sites, according to one of the biggest German gas importers,…
