LNG Market News:
- As crude prices remain at elevated levels, above $90/bbl for Brent and $85/bbl for WTI, producers remain keen to keep crude flowing. However, these wells in the US produce natural gas as a by-product, leading to an even greater supply glut, with stockpiles nearly 40% above the 5-year average, in turn pressuring West Texas’s Waha hub gas price to -$2/MMBtu.
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