Saudi Aramco reports fall in profits amid advances in domestic natural gas projects as strategic priority
Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, reported lower first-quarter net income while free cash flow from operating activities edged higher and advances were made on more domestic natural gas production as a Saudi strategic priority.
Asian and European LNG price convergence continues amid supply concerns and more cargo liftings
Liquefied natural gas spot cargo prices for China, Japan and South Korea remained high in the $24-$25 per million British thermal units band along with European wholesale natural gas prices on supply concerns in the European Union and the UK that preceded the current Russia-Ukraine tensions.
Attack on LNG and oil and gas-producing Abu Dhabi leads UK security firm to issue ‘severe’ shipping warning
An attack on the LNG and oil and gas-producing United Arab Emirates has led a UK-based shipping security firm to raise a commercial shipping warning in the region to “substantial” and for Saudi Arabian and UAE-flagged ships to “severe”.
LNG prices rise by $3 per MMBtu amid European supply shortages while resurgent oil gains just $2 per barrel
Global liquefied natural gas demand remained at high levels shown by a weekly rise in the North Asian spot cargo price of $3 per million British thermal units while resurgent oil was up just $2 per barrel and European benchmark values slipped back after a week of record rises.
Oil-linked LNG contract values forecast to rise as Houston and Shanghai unveil oil derivative products
With North Sea Brent crude forecast to hit $100 a barrel in 2022, boosting LNG values for producers holding long-term contracts, the oil derivatives market has new future offerings this week, including a Houston-based oil contract and a Chinese oil future for foreigners launched in Shanghai.
Global liftings of LNG rebound by over 10 percent as European values rise along with spot cargo prices
Global liftings of liquefied natural gas cargoes rebounded by more than 10 percent this week while European benchmark LNG values rose along with the Japan-Korea Marker price for spot shipments heading for North Asia.
Japanese spot LNG prices jump by $2.20 per MMBtu as sector revives on winter season demand
Japanese spot LNG prices for contracted and delivered cargoes increased in December jumped by. $2.20 per million British thermal amid growing demand for cargoes in North Asia.
