Oil prices have surged to their highest levels in three-and-a-half years this month following the dramatic escalation of tensions over the Syrian conflict. Brent crude traded as high as $73.09 per barrel on futures markets, and the corresponding United States marker reached $67.45/bbl on 11 April. If the gains are sustained, it could push up LNG prices by $0.50-1.00/MMBtu when the increase filters through to oil-linked contracts.
Oil and gas markets have been driven by geopolitical risk as fears of a military clash between the US...
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