Category: Exports

China signs $60 billion LNG deal with Qatar – one of biggest deals ever for the highly coveted fuel

LNG tanker at a terminal in China. VCG/Getty Images China signed a deal to safe liquefied pure fuel flows from Qatar on Monday.  The settlement is price $60 billion and is one of the largest deals for LNG to this point.  China will obtain roughly 4 million tons yearly of LNG from Qatar beginning in 2026.  China reached a $60 billion settlement with Qatar on…

Summer heat and ‘flash drought’ dried up the Mississippi River, choking a crucial shipping hall. It could devastate America’s agricultural...

Barges stranded by low water sit in the Mississippi River in Rosedale, Mississippi, on October 20, 2022. Scott Olson/Getty Images Drought has pushed the Mississippi River to historic low levels, choking US agricultural exports. The crisis has elevated shipping costs, and that value might fall on shoppers. Forecasts do not present sufficient rainfall to replenish the river till January. A disaster of low water ranges…

Tankers filled with dirty Russian oil are piling up around Asian ports ahead of fresh EU sanctions

Getty Images Tankers carrying Russian oil have settled at ports near Malaysia and Singapore ahead of the next round of EU sanctions.  Roughly 1.1 million tons of high-sulfur fuel oil was sitting on vessels for the week ending October 24. New European Union sanctions will ban insurance on tankers holding Russian oil starting December 5.  Tankers carrying Russian oil have settled at ports near Malaysia…