SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose this week to their highest level of the year so far, tracking gains in European gas and amid colder temperatures in both regions. The average LNG price for January delivery into northeast Asia rose to $14.60 per million British thermal units (mmBtu), industry sources estimated. “This week’s further escalations between Russia and Ukraine have returned a steep risk premium to European gas and by default Asia’s JKM market, despite actual gas supplies being uninterrupted,” said Florence Schmit, energy strategist at Rabobank…
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COP29 Draft Rejected as Negotiators Struggle to Finalize Climate Finance Deal
BAKU: Negotiators at the COP29 UN climate summit are racing against time to secure a breakthrough trillion-dollar deal to assist poorer nations in combating global warming after both developed and developing nations rejected an initial draft proposal. The summit, originally scheduled to conclude on Friday, is expected to extend into overtime as the Azerbaijani hosts scramble to revise the contentious draft. The primary goal of COP29 is to establish a new funding framework to succeed the $100 billion annual pledge by wealthy nations, focusing on emissions reductions and climate adaptation.…
Read MoreCristiano Ronaldo and MrBeast team up for groundbreaking YouTube collaboration
The announcement follows a leaked image on November 17 that hinted at the partnership. Ronaldo shared a preview on his official YouTube channel, revealing the video titled I Meet MrBeast To Break The Internet will premiere on November 21 at 6 AM PT / 9 AM EST. While fans are excited, the collaboration has drawn mixed reactions due to ongoing controversies involving MrBeast, including allegations of workplace misconduct. Despite these challenges, MrBeast remains the platform’s top creator, consistently pulling millions of views within hours of uploads. Ronaldo, a football legend…
Read MoreBitcoin breaks $96,000 for first time on optimism over Trump crypto plans
Bitcoin’s march toward $100,000 made further ground on Thursday as investors bet a friendlier US regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898. The cryptocurrency’s price has more than doubled this year and is up about 40 per cent in the two weeks since Trump was voted in as the next US president and a slew of pro-crypto lawmakers were elected to Congress. “While it’s now firmly into overbought territory, it is…
Read MoreUS natgas prices slid 2pc on mild weather and lower demand
NEW YORK: US natural gas futures slid about 2% on Tuesday on forecasts for mild weather and less heating demand over the next two weeks than previously expected. Front-month gas futures for December delivery on the New York Mercantile Exchange fell 4.3 cents, or 1.5%, to $2.930 per million British thermal units (mmBtu) at 7:53 a.m. EST (1253 GMT). Analysts have said that mild weather so far this autumn should allow utilities to keep injecting more gas than usual into storage for the weeks ended Nov. 15 and possibly the…
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