Singapore Marine Bunker Sales Dip in First Half of 2025
Sales of marine bunker fuel in Singapore dipped slightly in the first half of 2025, official data showed on Monday, as shipping uncertainties in the wake of global tariffs capped demand, particularly in the first quarter.Total sales at the world's largest refuelling hub for ships stood at 26.98 million metric tons in January to June this year, dipping 1% from 27.19 million tons in the same period last year, data from Singapore's Maritime and Port Authority showed. Conventional fuel sales…
US Natural Gas Prices Fall on a Smaller-Than-Expected Decline
U.S. natural gas futures fell around 1% on Wednesday on a smaller than previously expected decline in daily output so far this month after a 10%-price jump on Tuesday forced some traders to cover some short positions.Gas futures for June delivery on the New York Mercantile Exchange fell 2.4 cents, or 0.7%, to $3.403 per million British thermal units at 9:07 a.m. EDT (1307 GMT).Analysts said heating and cooling demand should remain low across much of the country in coming weeks…
Vestas: US Import tariffs Will Raise Domestic Electricity Prices
President Donald Trump's import tariffs will ultimately result in higher electricity prices for U.S. consumers, wind turbine maker Vestas warned on Tuesday, adding it could not absorb the extra costs.Wind turbines include components and materials sourced globally, making the sector vulnerable to potential impacts from international trade tariffs."Ultimately, the tariffs will go in and be part of an increased cost to the projects and therefore it will lead to an increased price in electricity…
Asian Spot LNG Prices Remain at Six Month Low
Asian spot liquefied natural gas (LNG) prices remained at their lowest level in nearly six months on Friday as U.S. President Trump's "liberation day" tariffs pulled global markets down amid fears of a global recession.The average LNG price for May delivery into north-east Asia LNG-AS remained unchanged from last week at $13.00 per million British thermal units (mmBtu), the lowest level since October 11, industry sources estimated."The risk of a global trade war and economic slowdown is pulling down global stock markets and fears of slower growth will impact energy prices too…
