US-listed LNG stocks clocked double-digit gains on Friday following President Joe Biden’s plan to supply Europe with 15bn cubic metres of LNG this year to help in compensating for reduced liftings of Russian gas.
Tributes have been paid to Captain Jitendra Misra after he passed away March 23.
The Russian invasion of the Ukraine has put pressure on maritime and energy companies suspend business with Russia even if not required to under sanctions.
The bunker price in Singapore crossed the $1,000 per mark on Wednesday morning as the market braces for yet higher oil prices.
Two LNG carriers due to unload Russian LNG in the UK have diverted after dock workers expressed their concerns over unloading the vessel.
2021 was Norden’s best financial performance for 11 years, and the company expects to do even better in 2022.
European dependence on Russian oil and gas, and war-related sanctions that are becoming stricter by the day, are set to tighten energy supplies in many countries.
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Energy companies are moving to exit their Russian investments in response to the Ukraine conflict.