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Experts Believe Gas Prices for 2023 are Peaking

Gasoline prices hit peak levels for 2023 as crude oil exceeded $90 per barrel for the first time since last November. According to AA, the national average price for gas was $3.87 per gallon on Friday; the highest this year. Still, with Hurricane Lee...

European Gas Prices Down Amid Maintenance Extension

British and Dutch wholesale gas prices were down on Friday as a continued outage extension in Norway caused by maintenance work dampened the market outlook. While strikes have continued to rock the Australian LNG plants of Gorgon and Wheatstone, production has continued at the...

Gas Prices Rise as Chevron Plant Strikes Get Underway

Liquified natural gas prices surged by as much as 11% after liquified natural gas workers at Chevron Corp. sites in Australia began partial strikes on Thursday. The workers took this decision after the breakdown of weeks of negotiations between Woodside Energy Group Ltd., the...

European Gas Prices Mixed Ahead Of Potential Action At Australian Plants

European gas prices were mixed on Tuesday morning as the British and Dutch markets kept a close eye on Australia, where there is still the possibility of industrial action at two Chevron Australian liquefied natural gas (LNG) facilities. Dutch gas prices for September delivery...

Asian LNG Falls After Australian Strike Averted

Asian spot liquefied natural gas (LNG) prices cooled on Friday from their highest level in the past five months after workers at Australia's Woodside Energy dismissed the idea of carrying out strike action amid a dispute between the unions representing workers and the company....

European Gas Prices Freefall as Australian Strike Winds Down

European natural gas prices have declined amid signs that the ongoing labor dispute at Australia’s biggest liquefied natural gas export plant is winding to a close. Benchmark futures fell by 21%, the most since March 2022. Gas prices have remained volatile throughout August, with traders...