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World News@lemmy.mlEnglish · 7 days ago

LNG Shipping Rates Soar 650% to $300,000 Per Day

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LNG Shipping Rates Soar 650% to $300,000 Per Day

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World News@lemmy.mlEnglish · 7 days ago

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LNG Shipping Rates Soar 650% to $300,000 Per Day | OilPrice.com

The Iran-related conflict and a halt in Qatari production have caused global LNG shipping rates to surge to $300,000 per day and spot LNG prices to double as traders navigate disruptions in the Middle East and a stalled Strait of Hormuz.

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5 days ago
How much is that in steel, cement, glass, petrochemicals and fertilizers?

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