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16d06/30war-conflict · 3/5

Shell: Global LNG Demand to Surge 65% by 2050

Surging gas demand in South and Southeast Asia will push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis, Shell, the world’s biggest LNG trader, said in its annual LNG Outlook 2026 published on Tuesday. Last year, 422 million tons of LNG were traded globally. Expectations early this year, including by Shell, were that trade will jump in 2026. However, the Middle East conflict that shut in a fifth of the world’s month

unclassifiedmiddle-east · russia · usa
16d06/30shipping-routes · 3/5

Oil Prices Head for Biggest Quarterly Drop Since Pandemic

As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the pandemic-driven crash in prices. In the first quarter of 2020, Brent Crude prices plummeted by 65.5% as the world entered into lockdowns and road transport and industrial fuel demand crashed. The next steepest decline since then was registered in the quarter

unclassifiedmiddle-east · russia · usa
16d06/30

Philippine religious group challenges Marcos, seeks to shield senator over probe

Philippine President Ferdinand Marcos Jnr faced a stern challenge on Tuesday after the influential Iglesia ni Cristo (INC) religious movement staged a protest on Metro Manila’s busiest highway to demand that the presidential palace stop going after one of its members, Senator Rodante Marcoleta. The rally at Edsa – the highway where a 1986 people power uprising helped topple Marcos’ father, who was the country’s long-time dictator – has raised the stakes of a looming criminal case involving...

unclassifiedchina · asia
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