Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Hurricane Fiona slams the Turks and Caicos Islands as a Category 3 storm and heads for Bermuda

SAN JUAN, Puerto Rico (Reuters) – Hurricane Fiona hit the Turks and Caicos Islands on Tuesday, dumping torrential rain and causing flooding in the Caribbean archipelago after cutting a path of destruction through the Dominican Republic. and Puerto Rico. US officials said the storm killed four people in Puerto Rico. A fifth person was killed … Read more