LNG Consumption Almost Doubled in 2020

June is the maintenance period for many Norwegian supplies and French LNG terminals. Although there is no need for gas for heating, there is a demand for storage injections and power production, when the renewable production is low, says an article published in Gasum website.

Low renewable production 

Risavika LNG increased 1.7 % week on week and was at 35.80 EUR/MWh for July contracts. European gas prices remain bullish on tight supply. June is the maintenance period for many Norwegian supplies...

https://mfame.guru/lng-consumption-almost-doubled-in-2020/

Weekly World Business Update – Vale Brucutu Operations, Panama Restrictions

According to an Alibra Shipping article, the shipping industry is affected by certain business and market changes recently which includes situations such as Vale’s Brucutu Mine operations, Panama Canal restrictions, high oil prices, and Chinese economy improvement. Here’s an insight on that and how it can affect trade in the coming days.

Vale Brucutu Mine Operations Likely To Resume

Vale has said that it expects to resume operations at it’s Brucutu mine within 72 hours after a securities filing...

http://mfame.guru/weekly-world-business-update-vale-brucutu-operations-panama-restrictions/

Oil Prices Rise Amid Broad Market Rally, OPEC Supply Cuts

As per an Asian Age report, the oil market is in a turmoil with prices rising high amidst supply cuts and broad market rally. Here’s an insight into the situation at hand.

The Oil Market Scenario
  • Oil prices rose on March 12, lifted by healthy demand and output cuts led by producer group OPEC.
  • A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.
  • US West Texas Intermediate (WTI) crude oil futures were at USD56.97 per...

http://mfame.guru/oil-prices-rise-amid-broad-market-rally-opec-supply-cuts/

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