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Egypt is seeking to import three shipments of liquefied natural gas (LNG) monthly, starting from July until October, for up to $120 million a month, an official source at the Ministry of Electricity told Asharq Business. Each shipment of the three equals 3 trillion British thermal units (BTU), which could save an average of 100 million cubic feet of natural ...
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Oil options markets are indicating that traders have unwound a hefty chunk of the geopolitical premium stemming from unprecedented missile and drone attacks in the Middle East. For most of this month, bullish Brent call options have been trading above bearish puts as traders snapped up contracts to hedge against a spike in prices. Now, though, the inverse ...