Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession capped gains.
Brent crude had gained 26 cents, or 0.43%, to $60.29 a barrel, after settling 0.5%...
Norway’s Equinor and Russia’s Gazprom, Europe’s largest suppliers of pipeline gas, have lost market share as a result of the LNG import surge that has occurred over the past 10 months.
LNG imports to Europe have benefitted from weak demand in Asia, which has led to European gas prices dropping...