price

Oil Prices Dip on Profit-Taking Despite Tighter U.S. Supplies

Credit: john-cameron-unsplash

Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth, reports Yahoo.

Oil price

Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.

Prices pared gains late in the session after both contracts had risen by over $1 a barrel. Market participants took advantage of the higher...

https://mfame.guru/oil-prices-dip-on-profit-taking-despite-tighter-u-s-supplies/

Secondhand LNG Carrier Prices Hit Record High

Credit: Ti Gong_

Prices of secondhand liquefied natural gas (LNG) carriers are flying high, close to new LNG ship prices, amid tighter environmental regulations and growing demand from European countries that hope to replace Russian gas imports, reports The Korea Economic Daily.

Newbuilding prices for LNG carriers

According to global market researcher Clarkson Research Service, a five-year-old LNG carrier with a 174,000-cubic-meter capacity was traded at a record $250 million in June.

The price...

https://mfame.guru/secondhand-lng-carrier-prices-hit-record-high/

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