OPECHopefully Opec doesnt meddle with anything in June meeting.
These are world lng prices:
Britian 7.23
Europe 8.02
Asia 9.35
May 25th prices.
Asia has flipped to being highest LNG price after always being lowest for many many months.
It will bring about lower prices electricity everywhere.
Meddling in oil markets every six months would just speed up the Europe consumers to switch to ev's. Last summer Europe electricity price was insanely high and it didnt make Ev s as compelling.
Even in the making of plastics, natural gas is going to be more competitive than oil.
OPEC should leave thing alone and hope and pray a good USA driving season can keep oil between 70-75.
But lower NG prices are a highwind for oil prices.