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QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes
QatarEnergy Declares ForceMajeure For LNG Shipments Through May, Representing As Many As 90 Cargoes
The already dismal LNG supply situation just got worse.
With up to 20% of global LNG flows shuttered due to the ongoing blockade of the Hormuz Strait and the extensive damage of Qatar LNG infrastructure, QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, South Korea and China, effectively canceling contractual obligations. That would represent as many as 90 cargoes according to Bloomberg.
The move on...
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Apr 29, 2026 / Tyler Durden
US Gas Prices Hit Highest Level In 4 Years, Analyst Says
US Gas Prices Hit Highest Level In 4 Years, Analyst Says
Authored by Jack Phillips via The Epoch Times (emphasis ours),
The average price for a gallon of gasoline hit its highest level in four years on Tuesday as the cost of a barrel of oil remains elevated amid the conflict with Iran, according to a prominent analyst.
Customers pump gas at a gas station in Miami on April 13, 2026. Joe Raedle/Getty Images
The national average price for a gallon of gas was $4.17, “the highest level since 2022,” and surpassed the...
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Feb 27, 2026 / Tyler Durden
Surging Services Costs Spark Unexpected Surge In US Producer Prices In January
Surging Services Costs Spark Unexpected Surge In US Producer Prices In January
US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December. This left Producer Prices up 2.9% YoY (hotter than expected but below December's +3.0%)...
Source: Bloomberg
Under the hood, we see a surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation)
Final demand services: The index for final demand services advanced 0.8% in January, the largest...
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May 14, 2026 / Dave DeCamp
Israeli Attacks in Gaza Kill at Least Three Palestinians
Israeli attacks in Gaza on Thursday killed at least three Palestinians and wounded dozens, according to the Palestinian news agency WAFA, as the IDF continues its constant violations of the US-backed ceasefire deal. A WAFA correspondent said that a Palestinian was killed when an Israeli quadcopter drone dropped a bomb in Jabalia, northern Gaza, though […]
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