Tag:
LNG
Forex
The Yen Lost Its Safe-Haven Status in a Week. Japan Has Three Weeks of Gas Left.
USD/JPY hit 157.80. Japan imports 95% of its oil from the Middle East. It has three weeks of gas. The yen's safe-haven status just became an energy liability.
Economy
A Russian Gas Tanker Just Sank in the Mediterranean. Europe’s Last Backup Plan Went Down With It.
A Russian LNG tanker sank in the Mediterranean. Qatar's gas is offline. Putin is threatening to cut the rest. Europe's gas supply is under triple squeeze.
Americas
Qatar Just Took a Fifth of the World’s LNG Offline. America Can’t Fill the Gap.
Iranian drones shut down Ras Laffan, the world's largest LNG export complex. European gas futures surged 54%. US terminals are maxed out with no spare capacity.
Economy
Europe Cut Off Russian Gas Just in Time for the Strait of Hormuz to Close
Europe banned Russian gas weeks before Hormuz closed and Qatar halted LNG. Storage at multi-year lows, prices surging, and no fallback in sight.
Commodities
Oil Has $10 of Iran Premium Baked In. Geneva Will Decide If It Stays.
Oil drops 2% as US-Iran nuclear talks open in Geneva with $10/bbl of geopolitical premium at stake and the White House signalling a strike this weekend.
