Asian refiners, traders see G7 price cap for Russian crude around $48-$55/b

This post was originally published on this siteAsian refiners broadly expect the G7’s price cap on Russian crude to serve as a handy reference point to pressure Russia to slash its crude offers, but feedstock managers at these companies said international market prices would ultimately determine any bilateral Russian trade deals to be conducted in

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Abundant Middle East supplies drag Asia LPG prices lower ahead of winter

This post was originally published on this siteRising Middle East supply since May, along with steady exports from the US and Africa ahead of winter, have dragged Asia LPG prices down from 18-year highs in March, shipping and trade data showed. LPG inventory with Middle Eastern producers has been building amid higher OPEC crude production,

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Natural Gas Futures, Physical Prices Power Ahead and Extend Late Summer Rally

This post was originally published on this siteBoosted by late-season heat, domestic storage concerns and robust global demand, natural gas futures on Wednesday rallied for a fifth-straight session. The October Nymex gas futures contract spiked 83.0 cents day/day and settled at $9.114/MMBtu, marking its biggest jump in the latest bull run. November gained 83.3 cents

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