Global Markets

Syria tensions pushing up crude and spot LNG prices

Tensions in the Middle East have pushed up crude oil prices this week, with a knock-on effect on Asian spot LNG prices
By Staff reporter 13 April 2018 0 30426

Tensions in the Middle East have pushed up crude oil prices this week, with a knock-on effect on Asian spot LNG prices, according to Reuters.

Brent crude prices have hit their highest level since late 2014 because of the intensifying conflict in Syria and the resulting diplomatic fallout.

Although oil markets are responding to the threat of escalation in Syria, LNG is in plentiful supply – especially as demand is tapering off in northern Asia and Europe because of the warmer spring weather.

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