- Explosion at US natural gas plant raises risk of shortages in Europe
June 09, 2022
Freeport LNG, operator of one of the largest US export plants producing liquefied natural gas (LNG), will shut for at least three weeks after an explosion at its Texas Gulf coast facility, raising the risk of gas shortages in Europe.
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- Asia Naphtha crack falls
June 07, 2022
Asia’s naphtha refining profit margin dropped once again on Monday, after briefly pausing last week, due to oversupply concerns amid poor demand, market sources said.
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- Is there a fake OPEC+ production increase? Oil prices rise instead of falling
June 06, 2022
On Thursday, June 2, Beijing time, oil prices fell by more than 3% after OPEC+ unexpectedly announced at the latest ministerial meeting that it would increase production by 684,000 barrels per day. [Article in Chinese, translation availa...
- What OPEC+’s Production Decision Means for Global Oil Markets
June 03, 2022
OPEC+’s hotly anticipated output meeting on Thursday underwhelmed the market, with oil prices closing up after the decision.
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- Oil Up Again On OPEC Disappointment As $150 Prices Are Forecast
June 03, 2022
Negative fallout from the Organization of the Petroleum Exporting Countries' (OPEC) plan to minimally increase output continued on Friday and this combined with expectations of an even tighter market as China eases its Covid lockdowns ca...