Surging liquefied natural gas exports from new North American export plants likely pushed global LNG shipments in 2025 by the most since 2022, Kpler data showed on Tuesday. This year, global LNG supply swelled by 4% from 2024 to reach 429 million tons, per the vessel-tracking data from Kpler quoted by Bloomberg.
U.S. crude, gasoline and distillate inventories rose in the week ended December 19 as refining activity slowed and imports declined, the Energy Information Administration said on Monday. Crude inventories rose by 405,000 barrels to 424.8 million barrels in the week ended December 19, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.4 million-barrel draw.
Curious Minds Corner
Why do oil prices react so fast to geopolitical events?
Because oil is traded globally and even small disruptions or risks to supply can immediately affect futures markets and pricing expectations.