
Qatar Extends Force Majeure Amid Hormuz Crisis Blocking LNG Traffic
Qatar extends force majeure on LNG shipments into November as the Strait of Hormuz remains closed to gas tankers, deepening a $24 billion export loss and lifting natural gas prices.

Qatar extends force majeure on LNG shipments into November as the Strait of Hormuz remains closed to gas tankers, deepening a $24 billion export loss and lifting natural gas prices.

Equinor and Uniper just signed a 15 year gas deal running to 2041, and natural gas prices via the UNG fund are ticking higher as Europe locks in Norwegian supply.

UNG climbs 1.6% as Goldman Sachs Europe warns benchmark gas prices may need to double before winter, with storage levels hitting a near two decade low.

Natural gas fund UNG climbed 1.12% as attention turns to the spark spread, the metric revealing whether gas fired power plants are making or losing money right now.

Natural gas fund UNG edges up to 11.58 dollars as traders weigh global reserve data, storage levels, and the measurement units that shape how the market values gas supply.