LNG

It was an interesting summer for crude oil traders as futures contracts transitioned from a slow grind up into a series of dramatic plunges that have turned into a downtrend. The /CL contract was down as much as 16% during the month of August, only to rebound and wind up about 2.5% higher since the...

The shale revolution has profoundly changed the market landscape for natural gas. The U.S. is now the largest nat gas producer in the world, due largely to technological development prompted by the shale renaissance. These advancements have substantially enhanced productivity and have cut costs per...

Recent activity in Henry Hub natural gas options suggests that traders are expecting the winter of 2021 to be a particularly challenging period, as multiple uncertainties are making it even harder than normal to predict the direction of natural gas prices. In late September, the October natural gas...

The Port of Corpus Christi logged record results during the first six months of the year, reporting it moved more than 80 million tons of cargo. The largest gains came from a 72% year-over-year (YoY) increase in liquefied natural gas (LNG) exports, as well as a 42% YoY increase in exports of...

More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro-cap stocks and some of the recent departures have been big names. On Monday, liquefied natural gas (LNG) shipping giant GasLog Ltd. (NYSE: GLOG) announced plans to go...

The CMA CGM Group said that despite the financial and operational challenges posed by the coronavirus pandemic, it was able to turn in a solid first-quarter performance that included a net profit of $48 million. CMA CGM said other Q1 achievements included increased liquidity, improved operating...

Good day, Oil cartel OPEC and the International Energy Agency (IEA) have warned developing countries that they need to contend with the possibility of losing up to 85% of their oil and gas income this year. This follows the coronavirus pandemic, which has forced countries to shut borders and...

We are possibly witnessing the largest stock market crisis in the last three decades. It is certainly the largest one since 2008. Up to now, coronavirus has infected more than 187,000 people, causing more than 7,000 deaths. The "pumping at will" behavior exhibited during this oil war...

A new job title has been born: worldwide corona czar. That's what Lois Zabrocky, CEO of Manhattan-based International Seaways (NYSE: INSW), dubbed her company's head of IT, who spent the past several weeks preparing the company and its systems for working off-site. "We are now working remotely,...

Market Crash – Déjà Vu? Although we thought that the stock exchange had reached bottom last week, another blow happened this morning, when trading halted for the third time in six days. Namely, S&P 500 plunged by 7% this morning, initiating a circuit breaker. The same...

Image by Jason Weeks from Pixabay

It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have reached epic new heights, crude-tanker stocks are plummeting. Rates for very large crude carriers (VLCCs; tankers that carry 2 million barrels of crude oil) have in some cases topped $300,000 per...

Exxon Mobil (NYSE: XOM) and Chevron Corp. (NYSE: CVX), U.S.’ largest oil companies, were among the first to take the hit from the new Russia– Saudi Arabia price war. Namely, Russia and Saudi Arabia, entered a war on oil production. Both oil giants are nothing less than determined to...