LNG prices to stay high for few years: Woodside

Australia’s top independent natural gas producer, Woodside Energy Group, says that liquefied natural gas (LNG) prices will stay high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion. According to the Australian company, the global LNG market was already tight before the invasion because of

Bunker prices hit all-time highs

With Russian tanks entering eastern Ukraine, bunker prices have hit an all-time high. Back in the summer of 2008, a couple of months ahead of the collapse of Lehman Brothers and the global financial crisis, the average price for IFO 380 fuel, then the dominant shipping fuel, at the world’s top four bunkering hubs averaged