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Despite occasional drops, WTI oil futures remained squeezed within the 78.00-80.00 area and between two ascending lines for the second consecutive week. The bulls have been held back around 79.68 by the 38.2% Fibonacci retracement of the December-April uptrend, while the 200-day exponential moving average (EMA) has been restrictive too. Thus, in spite of ...
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Global LNG demand is currently around 405 million tonnes a year but this is likely to increase by more than 50% between now and 2040, according to figures released recently by New York-based broker and analyst, Poten & Partners. Import capacity across the world’s 180 LNG terminals has now reached about one billion tonnes a year but more import facilities ...