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Oil hits high for the year as supply risks in Black Sea grow

Oil hit its highest level in almost nine months on concern that the conflict between Russia and Ukraine may choke supply in a tight market. Read on.

The prize for LNG sellers will be significant as demand in Asia grows, energy consultancy says

The prize for LNG sellers will be significant as demand in Asia grows, energy consultancy says CNBC 3 hrs ago Abigail Ng The liquefied natural gas market is likely to be a buyers market because of oversupply for the next few years, but sellers still stand to gain because demand from Asia has the potential to grow, said Valery Chow, head of Asia-Pacific gas and LNG research at Wood Mackenzie. LNG demand in Asia is growing significantly faster than the rest of the world because of the region s economic and population growth, he said. © Provided by CNBC A man walks past the Shahamah liquefied natural gas (LNG) tanker sitting berthed at Tokyo Electric Power Co. s (Tepco) Futtsu gas-fired thermal power plant in Futtsu Chiba Prefecture, Japan, on Thursday, Jan. 21, 2016.

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