Brent$116.11(≈RM471)▲ +2.43%WTI$102.95(≈RM418)▲ +2.78%Nat Gas$2.90(≈RM12)▼ -1.36%Bunker$1002.00(≈RM4,068)▲ +0.15%JKM LNG$32.03(≈RM130)▼ -0.99%MGO$1279.00(≈RM5,192)▼ -3.29%EU Carbon€89.20(≈RM403)▲ +0.11%TTF Gas€100.69(≈RM455)▲ +3.91%Diesel$4.75(≈RM19)▲ +2.15%USD/MYR4.0595—RON95RM4.42(≈US$1.09)▲ +2.31% W/WRON97RM4.90(≈US$1.21)▲ +2.08% W/WDieselRM5.27(≈US$1.30)▲ +3.94% W/W
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LNG Supply Crisis Pushes Buyers Toward Coal and Oil

LNG Supply Crisis Pushes Buyers Toward Coal and Oil

by
Industry News

The resumption of the Iran conflict, including the effective closures of the Strait of Hormuz and now the Strait of Bab el-Mandeb has driven up natural gas prices, particularly in Europe and Asia. Asia accounts for nearly 90% of liquefied natural gas (LNG) shipments from key Middle East producers like Qatar and the UAE, while…

Original report: OilPrice.com ·

LNG Supply Crisis Pushes Buyers Toward Coal and Oil

This is a curated industry news brief from the MarineCraft News Desk. Read the original coverage at the source.

Read the full story at OilPrice.com →

Source: OilPrice.com