PLATTS - ICE Brent crude futures remained at 27-month highs in mid-morning trade in Asia Monday, following the gains last week on the expectation that planned supply cuts will be extended to the end of 2018.
At 11:21 am Singapore time (0321 GMT), the ICE December Brent crude futures were down 6 cents/b (0.1%) from Friday's settle at $60.38/b, while the NYMEX December light sweet crude contract was up 4 cents/b (0.07%) at $53.94/b.
The expectation that output cuts by OPEC and non-OPEC…
Nikkei rose 0.41% to close at 26,644.71. The index has gained 15.96% this month, and is on track for its best performance since January 1994. The broader Topix rose 0.47% to hit a 25-month high at 1,786.52.
“The global energy market is changing, humanity needs new, efficient, more environmentally friendly energy sources not as a replacement, but as an alternative to traditional hydrocarbons. And hydrogen will definitely occupy its niche in the energy of the future,” said TPU.
"The macroeconomic situation has had a negative impact on the long-term development prospects of the LNG industry," Gazprom said, adding that so far in 2020 only one final investment decision had been made for a new LNG production project.