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CommodityOilPrice.com

Wright Says Gas Prices Peaked As Brent Holds Above $108

Brent crude futures briefly tagged $109.99 a barrel in overnight trading before retreating from five-month highs during the Asian session and into European trading, as signs of recovering Middle Eastern supply offset renewed attacks on energy infrastructure and critical maritime shipping lanes. US Energy Secretary Chris Wright reinforced expectations of easing fuel prices at the pump, with ABC…

CommodityOilPrice.com

Mozambique Pitches Sasol and ROMPCO on $250 Million Gas Project

Mozambique is in discussions with South African energy firm Sasol and pipeline company ROMPCO to potentially invest in a new $250 million gas project offshore Mozambique that could send more gas to South Africa. Mozambique plans to have floating storage and regasification units (FSRUs) at the new project at the coastal town of Inhassoro and the port of Beira, as the country aims to become a…

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