Butane prices are surging across the world. Northwest European November butane prices have reached $1,125/t by early November, their highest level in 30 years, having exceeded even the peaks following Russia’s invasion of Ukraine. In Asia, the AFEI butane index stood at $1,180/t on November 3. US butane Belvieu prices have climbed to a 14-year high $920/t. This surge in prices reflects several…
In an extraordinary turn of events, Qatar, the world’s second-largest LNG exporter before the Iran war, will become the biggest buyer of liquefied natural gas from the United States, the producer that overtook the Gulf nation as top LNG exporter earlier this decade. This extraordinary turn of events is, of course, the result of the extraordinary disruption that the Iran war and the closure of the…
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