Tag: oott
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 of liquefied gas had completed its loading and had left the site, yesterday evening, Sunday, […]
Because 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 close in 13 years, on higher-than-expected heating demand and as much higher global gas prices […]
Oil 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 Corona virus. Oil prices ended their trading on Friday with a rise of more than […]
Although 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 imposed on Russia since the invasion of Ukraine on February 24, including a ban on […]
Today, 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 later fell, and then rebounded in volatile trading, as fears of shortage of supplies dominated […]
South Korea has taken new measures to counter the inflation caused by high oil prices, by increasing the fuel tax cuts that began in November for a period of 6 months and intends to extend them for another 3 months. Korean Finance Minister Hong Nam-ki said today, Tuesday, that his country will expand tax cuts […]
Oil prices rose more than 3% during Monday’s trading, with Brent crude trading above $107, with concerns about a tight supply continuing. This comes despite investors’ aspiration to free supplies from strategic oil reserves from consuming countries and the armistice in Yemen; This raised hopes that supply problems in the Middle East might recede. Oil […]
Venezuela’s March oil exports slip amid struggles with returned cargoes Venezuelan petroleum exports fell about 4% in March compared to the previous month as the country’s state-run oil company dealt with crude cargoes returned by customers due to poor oil quality, according to documents and vessel monitoring data. A high-level meeting between US and Venezuelan […]
Oil prices fell by about 5% during trading today, Thursday, after news that the United States intends to free up to 180 million barrels of its strategic oil reserves, which is the largest in the history of the strategic oil reserves of nearly 50 years. The significant decline in oil prices comes at a time […]
Toronto index set for best monthly gain in five On Thursday, Canada’s commodity-heavy main stock index set a new high and was on track for its best monthly performance in five years, as gold prices rose, lifting precious metal miners. The S&P/TSX composite index of the Toronto Stock Exchange was up 78.12 points, or 0.35 […]
