Tue, 21-Oct-2025

LNG markets are in disarray, worsening Australia’s electricity problems

LNG

Australia vies with Qatar and the United States as the world’s top LNG suppliers. Europe’s rush for supplies and outage at the biggest U.S. LNG plant has had knock-on effects in Australia. Wood Mackenzie sees little relief in the near term, expecting gas and LNG prices to remain high until the 2020s. Australia typically sends … Read more

Opec+ sees worsening oil surplus in first quarter

Opec

LONDON: Opec+ sees the oil surplus worsening to 2 million barrels/day in January, 3.4 million bpd in February and 3.8 million bpd in March next year, an internal report seen by Reuters showed. “Generally, the impact of Omicron seems to be jet-fuel related for now, particularly in Africa and Europe,” the report said. [embedpost slug=”/opec-meets-under-pressure-from-biden-and-omicron/”]