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Iraq's oil minister said on Saturday that he expects oil prices to range between $68 and $75 per barrel during the second half of this year if OPEC abides by set production output to protect markets.
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for the commodity producers, the rally is a longer-term boon to their main rival, renewable energy.
By Reuters Staff
2 Min Read
(Reuters) - The amount of gas flowing to U.S. liquefied natural gas (LNG) plants edged up over the past few days after falling to its lowest since February on Monday due to reductions at a couple of Louisiana plants and some pipelines serving them.
As companies wrap up maintenance work, LNG feedgas was on track to rise to 9.5 billion cubic feet per day (bcfd) on Thursday after dropping to 8.5 bcfd on Monday, according to preliminary data from Refinitiv.
That low on Monday was the lowest for LNG feedgas since February when extreme weather froze gas pipes and knocked out power to millions of customers in Texas.