Bearish LNG, gas fundamentals may cushion Red Sea vessel seizure impact

Despite brewing tensions in the Middle East adding to the heightened bullish sentiment from lower temperature forecasts, LNG and gas sources suggest that the current bearish factors could help soften any blow to prices. The seizure of a cargo ship off Yemen by the Houthis has seen the return of war premiums for oil and shipping in the region, however,… Despite brewing tensions in the Middle East adding to the heightened bullish sentiment from lower temperature forecasts, LNG and gas sources suggest that the current bearish factors could help soften any blow to prices. The seizure of a cargo ship off Yemen by the Houthis has seen the return of war premiums for oil and shipping in the region, however,… Read More