News Flash

GLOBAL LNG-Asia spot LNG prices slip on muted demand, high EU stocks.

Asian spot liquefied natural gas (LNG) prices fell this week, as muted demand in Northeast Asia and high gas inventories...
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Investments in LNG are ‘ever more necessary’ as imports rise – importer group.

Global LNG imports rose last year as Europe’s scramble to replace Russian pipeline gas pushed its shipments up 60%, making...
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China’s GDI plays an essential role in global economic development, says an expert.

China’s proposed Global Development Initiative (GDI), which reflects all of China’s experiences and best practices, plays an essential role in...
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Weak Global Economy, High Inflation, and Rising Fragmentation Demand Strong G20 Action

When the G20 finance ministers and central bank governors meet in Gandhinagar next week, the world will be looking for...
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Secondhand LNG carrier prices hit a record high; prospects rosy.

Due to stricter environmental restrictions and rising demand from European nations looking to replace their reliance on Russian gas imports,...
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ECB policymakers are open to further rate hikes past July.

According to an account released on Thursday, ECB policymakers acknowledged at their most recent meeting that to get inflation back...
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Eurozone industrial production confirms no strong GDP bounce back for 2Q.

After declining in March, industrial production increased by 0.2% in May, marking the second consecutive month of slight growth. Overall,...
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UN reaches out to Russia with proposals to extend Black Sea grain deal beyond July 17

To extend the Black Sea grain deal past July 17, UN Secretary-General Antonio Guterres contacted Russia earlier this week and...
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Europe’s shipping emissions up to three years high – Transport & Environment

According to research by New Transport & Environment (T&E), last year saw a 3% increase in European shipping emissions as...
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Baltic index up for the fifth day on firm demand across vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for a fifth straight...
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China’s June crude imports soar 45.3% on the previous year.

According to customs data released on Thursday, China's imports of crude oil increased 45.3% year over year in June as...
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Retail spot rates from China to North Europe closely mirror the anemic market.

Since peaking in Q1 2022, Europe's economy has been performing poorly, and the continent's outlook has also deteriorated, in part...
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Iron ore rallies for a third day on strong China trade data, credit growth.

Despite a bleak economic outlook and geopolitical concerns, iron ore futures rose for a third straight session on Thursday, supported...
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Port of Los Angeles June cargo volume strongest in a year.

In June, the Port of Los Angeles transported 833,035 Twenty-Foot Equivalent Units (TEUs), which was down 5% from the previous...
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China’s export slide to steepen in June, imports seen down

China’s export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest...
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Global public debt hits record $92 trillion – UN report

Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the...
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US natgas output, demand to hit record highs in 2023

U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said...
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In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition

The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world’s most comprehensive public source of...
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Iron ore extends gains on China property stimulus hopes

Iron ore futures strengthened for a second straight session on Wednesday, lifted by hopes of more stimulus for China’s property...
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Union of Greek Shipowners: Historic agreement achieved at the IMO MEPC 80

The Union of Greek Shipowners welcomes the 2023 IMO Greenhouse Gas (GHG) Strategy on reduction of GHG emissions from ships....
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