Find us on:. Oil prices rebounded on Friday morning on the back of some positive U. The rig count saw a minor gain this week, ending the string of losses of recent weeks. The United States threatened to slap sanctions on any ports or banks or virtually anyone trying to make deals with…. The administration just issued a shocking decision to the corn and ethanol industries, approving a large number of refinery waivers for ethanol usage. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
In part, this reflects the growing maturity of that indicator, which turned 10 this year; it also recognizes that more and more LNG, 31 percent in , is now traded on the short-term and spot market. The disparity between average import prices and JKM is clear in the graph below. The average price for LNG into Japan and Korea is very similar—and these two are similar to other prices in Asia, which are not shown on the graph to maintain legibility. But JKM was more volatile, especially on a seasonal basis: in December , JKM was 29 percent more expensive than the average LNG price into Japan; in mid, it was 35 percent cheaper, and by April , the discount was 50 percent.
Find us on:. Iran warned on June 17 that it would further reduce its compliance with the landmark nuclear agreement it made with world powers -- which has significantly limited Iran's sensitive…. In response to Iran shooting down a U. President Donald Trump approved a military strike against Iranian targets, but called off the operation late on Thursday,…. China continues to set records in numerous sectors, but there are some records better left alone, including drawing near to becoming the all-time global crude oil imports leader.