Europe & UK Faces Energy Turmoil: Soaring Prices and Middle East’s Potential Role
Europe and the UK are grappling with escalating energy challenges as surging gas prices and concerns over renewable energy development dominate the agenda. In Europe, natural gas prices have surged to a one-year high of over €50/MWh, driven by colder-than-average weather, production outages, and below-average storage levels. EU gas storage is 71.8% full, falling short […]
Trump Eyes Broader Oil Sanctions on Iran
The incoming Trump administration is reportedly planning to expand sanctions on Iran’s oil sector, targeting not just crude exports but a wider range of petroleum products. This strategy aims to intensify economic pressure on Tehran by cutting off additional revenue streams. According to sources familiar with the matter, the new measures could include restrictions on […]
East Asia’s Divergent LPG Strategies: Japan Secures Supplies as Neighbors Resell
As winter approaches, Japan is proactively securing liquefied petroleum gas (LPG) supplies to meet anticipated heating and energy demands. In contrast, neighboring countries South Korea and China are offloading surplus LPG cargoes due to differing energy requirements and market conditions. Japan’s Strategic LPG Procurement In November 2024, Japan imported approximately 801,000 metric tons of LPG, […]
