Commodities
European LNG prices climb to their highest since 2023
Hormuz disruptions, weak storage injections and competition with Asia have pushed imported gas above $22 per MMBtu ahead of winter.
Etiqueta: <span>Energy Security</span>
Commodities
Oil gains for the week as blockade risk confronts rising inventories
Brent and WTI were on course for weekly gains of 3.4% and 4% after Washington raised the prospect of an indefinite blockade of Iran, although weaker demand forecasts and a record-sized U.S. inventory build limited the signal.
Commodities
Middle East buyers test Canadian LNG as a Hormuz hedge before Woodfibre starts
Pacific Energy says Middle Eastern companies are seeking Canadian LNG cargoes, equity and offtake positions as disruption around the Strait of Hormuz reshapes supply-security planning. Woodfibre LNG’s 2.1 million tonnes a year are already contracted to BP and first exports are targeted for December 2027, so current approaches do not represent available spot supply or signed new deals.