Natural Gas Bucks Brexit Trend And Surges on U.K. EU Vote
U.K. natural gas is one of the few commodities world-wide which is actually being boosted by the U.K.’s decision to leave the European Union.
Miriam Malek
Journalist since 2014, writing on climate, energy, culture & music.
Nigeria’s Claims of 30-Day Truce With Militants Remain Unclear
The confusion came as government officials said they were holding talks with the militants to bring a halt to a devastating series of operations targeting Nigerian oil operations that have dealt damaging blows to the country’s petroleum production.
The Two Niche Markets Where a ‘Brexit’ Would Be Good News
Most investors anticipate a global selloff and flight to safety in the event of a British exit from the European Union, but two commodities are expected to rally.
The cocoa and U.K. natural-gas markets are two of the last remaining commodities contracts still denominated in sterling. Most commodities, from oil to copper to gold, are priced in dollars.
Pipeline Outage Adds to Nigerian Oil Disruptions
Royal Dutch Shell PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to a slew of stoppages that have knocked out around 500,000 barrels a day of oil output in the West African country.
It is the latest hit to oil exports across the world, leading to mounting concerns about the global crude supply. A series of output interruptions from Canada to Libya have illustrated how quickly the global glut of oil could be cleared out after nearly two ye
LNG Industry Looks to Emerging Markets for Growth
The liquefied natural gas industry is shifting its focus away from the traditional markets in Asia and looking for new demand centers in emerging markets in an attempt to expand the business, according to leading executives in the sector.
Jordan Recalls Ambassador From Iran
Jordan has recalled its ambassador to Iran for “consultations” one day after oil talks in Doha to discuss a freezing of production failed.
Oil-Trading Firms Remain Cautious on Iran Until All U.S. Sanctions Lifted
The U.S. needs to clarify its position on Iranian sanctions if any progress is to be made in the Islamic Republic’s oil sector, according to the chief executives of several major oil-trading firms.
Speaking at the Financial Times Commodities Summit the chief executives said their companies are continuing to look at Iran with a cautious eye while a lack of clarity over U.S. sanctions persists.
Traders Call Bottom of Oil Price Slump
Global oil markets have hit the bottom of the barrel, according to a host of the world’s most senior oil traders.
The chief executives of some of the world’s biggest energy merchants said Tuesday that the end is in sight for a near two-year slump in crude prices that has hammered energy companies’ earnings and sent shock waves through the global financial system.
Natural Gas Suppliers Consider Suspending Egypt Contracts After Payments Missed
Egyptian state-owned natural gas company Egas has missed payment deadlines for liquefied natural gas as the country struggles to build up foreign reserves after blows to its tourism industry over the past year.
Two suppliers to Egas have confirmed to The Wall Street Journal that all companies with active supply positions in Egypt have been affected by payment delays.
