(Oil Price) – The global gas markets are seriously underestimating how the shock loss of LNG supply from the Middle East will affect the world and economies in the coming months and years, the head of Australia’s top LNG exporter, Woodside, said on Wednesday. “I don’t think markets and consumers and society are yet fully appreciating it, and there’s a
(Oil Price) – China is on track to import record-high volumes of ethane from the United States this month as Chinese and other Asian petrochemicals producers rush to secure replacement feedstock amid plunging naphtha and liquefied petroleum gas (LPG) supply from the Middle East. China is expected to import as many as 800,000 tons of U.S. ethane in April, which
(By Oil & Gas 360) – Energy markets whipsawed again this week, moving from escalation to partial relief almost overnight. Prices surged on fears of a broader supply shock, then dropped sharply as signals emerged that the Strait of Hormuz would remain open, at least for now. Beneath the volatility, the bigger story is taking shape: supply chains are shifting, capital
(Investing) – Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 11:23 ET (16:23 GMT), Brent oil futures surged 6.8% to $77.80 a barrel, after earlier climbing to its highest level since January 2025, while West Texas Intermediate crude futures rose 5.7% to $70.85 a barrel, just below its highest
