Spot LNG prices fall on muted demand, strong inventories

LONDON, Dec 15 (Reuters): Asian spot liquefied natural gas (LNG) prices fell last week amid weak demand and the availability of more supply in the spot market.The average LNG price for January delivery into north-east Asia was at $14.50 per million British thermal units (mmBtu), down from $15.00/mmBtu last week,...

Global oil market will remain well-supplied in 2025: IEA

RIYADH, Dec 15 (Arab News): The global oil market is expected to be adequately supplied in 2025, even as OPEC+ extends its voluntary production cuts by an additional three months, according to the International Energy Agency.In its latest report, the IEA raised its global oil demand growth forecast for 2025...