Tag Archives: Market

LNG prices in Asia are likely to remain largely unaffected for now.

Cyprus and Egypt are planning to link Aphrodite with the Egypt liquefaction plants in Idku and Damietta.

Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.

In the near-term. the US seems to be counting on Saudi Arabia and Russia. along with American shale drillers. to offset the losses from Iran.

Saudi Arabia is expected to take the issue of balancing the market at the upcoming summit of OPEC.

For Iraq. which did $12 billion in trade with Iran last year. the impact would be particularly dire.

U.S. President Donald Trump increased pressure on OPEC to ``get prices down now!``

At the last OPEC meeting in Vienna. the agreement was extended again until the end of 2018.

Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.

In May.Trump announced his country'.s decision to leave the Iran nuclear agreement and reimpose sanctions against Tehran.