We could be entering a more inflationary environment for liquefied natural gas (LNG) prices, according to comments by Saad al-Kaabi, Qatari energy minister and chief executive of Qatar Petroleum, as reported by the Financial Times. The problem is the transformational impact US shale producers have had on the energy market. That resulted in a flood […]
Tag: Shale
The Oil Price is Down for Now, but Where is it Off to Next?
Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes. The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if it does not stem the flow of immigrants across the border. President Donald Trump threatened to apply […]
Oil Has Hit $60 Per Barrel — How Much More Can it Drop?
Brent crude has hit a new low for 2018, with the international benchmark down 3% last week to its lowest level in 13 months. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook West Texas Intermediate, the main U.S. contract, fell 4.5% to $52.09. Investors have taken fright in a relatively […]
