Big Oil Prepares for Slump in LNG Profits ...Middle East

Big Oil majors are bracing for a drop in income from liquefied natural gas trade as prices are seen stabilizing after the price surge from the past three years, the Financial Times has reported, citing analysts. Among the companies most affected, the analysts named Shell, BP, TotalEnergies, Exxon, and Chevron, all of which have big LNG trading businesses that have benefited significantly from the heightened price volatility since February 2022. “Volatility has fallen in recent months and starts the year below previous ones. Last year was…

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