Gas

Retail gasoline prices in the United States continued to fall on Friday, landing at $3.088 per gallon, according to the latest AAA data. This is down from yesterday’s average of $3.090 per gallon, and down from a week ago’s $3.120. Meanwhile, WTI crude is trading up week over week, exchanging …

Power prices in Finland jumped to record-high levels as a deep freeze in Europe began in the Arctic parts of the Nordic countries and is set to move south to northwest Europe in the weekend and next week, creating additional energy demand and leading to higher electricity and natural gas …

Turkey could take advantage from an expected global liquefied natural gas (LNG) production boom projected for 2025 onward, thanks to its extensive infrastructure, according to the head of the International Energy Agency (IEA). Fatih Birol, executive director of the IEA, recommended that Türkiye avail of this anticipated LNG boom that …

Qatar has entered into a significant agreement to supply Shell in Singapore with up to 18 million barrels of oil annually for a period of five years, marking the Gulf state’s inaugural five-year crude sales deal. QatarEnergy announced its accord with Shell International Eastern Trading Co. to provide a yearly …

Russia may have to put its plans to significantly boost its eastbound pipeline gas exports and its LNG exports to the global markets on ice amid growing challenges. Russia has relied on the Chinese market for higher pipeline gas exports since Putin’s invasion of Ukraine and the slashed volumes of …

Russia has decried U.S. sanctions targeting the country’s massive Arctic LNG 2 project, saying they are unacceptable and will undermine global energy security. Located in the Gydan Peninsula in the Arctic, the LNG project is considered key to Russia’s efforts to boost its global LNG market share from 8% to …

Russia’s biggest liquefied natural gas producer began production at its Arctic LNG 2 project — despite US sanctions — in a move that could provide some relief to the tight global market for the fuel. The first train of the Novatek PJSC-led Arctic LNG 2 project “has actually started operating,” …

Liquefied natural gas cargoes recently loaded from the US and bound for Asia are changing course for longer voyages lasting more than a month as they avoid the Red Sea, according to ship-tracking data on Bloomberg. The diversions highlight a shift in global trade flows after Houthi attacks in the …

Several cargoes of LNG loaded in recent days at U.S. export facilities and bound for Asia have changed course shortly after departing to avoid crossing the Red Sea, which has become theater of daily attacks on commercial vessels by the Iran-aligned Houthis from Yemen. Several vessels have indicated they would …

China’s natural gas consumption hit an all-time high this weekend amid a cold wave that froze parts of the country. One of the biggest gas importers in the world, China must have felt its dependency on external supply particularly acutely this weekend. But it is working to change things, boosting …