US ratings and LNG and oil pricing firm S&P Global posts profits surge but Market Intelligence unit flops
S&P Global, the US ratings agency and provider of commodity market reports and energy prices such as the Japan-Korea Marker (JKM) price for Asian spot LNG cargoes and other oil and gas pricing and stock indices, reported increased fourth-quarter and annual profits, though the firm’s Market Intelligence unit flopped as operating profits dropped.
LNG prices rise as other markets unnerved by gasoline lines in US and 800 barges blocked on Mississippi
Cargoes of liquefied natural gas were still the subject of high prices in North Asia and Europe as the Japan-Korea Marker for spot cargoes hit the $10 per million British thermal units mark while European benchmark LNG values increased to their highest in 2021.
US oil price collapse was just for physical barrels as Brent unaffected but LNG drops on glut
The collapse of US oil prices into negative territory affected only physical barrels of West Texas Intermediate (WTI) crude for May delivery and was not a general oil price crash. The global benchmark North Sea Brent crude prices is largely unaffected, nor are future WTI prices.
