Feb 17 (LNGJ) - The Brent crude oil price, a benchmark for the global energy supply situation and an indicator for LNG spot prices in the Asia-Pacific region, jumped to more than $121 per barrel as tensions worsened between Iran and Western governments amid oil and other sanctions imposed because of Iranian nuclear policy. Iran has previously threatened to shut the Strait of Hormuz, which would close off LNG supplies from Qatar as well as Gulf crude.
Oil jumps on Iran worries
Written by John McKay
Friday, 17 February 2012
Free Read
font size
Published in
News in brief
Latest from John McKay
- Italian gas grid and LNG terminals operator SNAM makes progress in acquiring more natural gas storage
- US equipment and services firm Baker Hughes buoyed by orders for Algerian gas field and Australian LNG
- Italy’s Enel utility reports drop in revenues from natural gas to power businesses in Europe and South America
- TechnipFMC increases earnings as orders grow for oil and gas and LNG projects to. boost the backlog
- Golden Pass advances
Related Video
Free Read
