Traffic through the vital Strait of Hormuz has been picking up in the past week, with the seven-day rolling average for transits on Friday reaching the highest since the war started.
At least two of Japan’s biggest power retailers have temporarily stopped accepting new industrial clients, pending greater clarity on fuel markets upended by the war in the Middle East.
A purchase agreement between Commonwealth LNG and Japan’s top liquefied natural gas buyer, Jera Co., has been terminated, according to a document filed with the US Department of Energy.
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