Oil
Oil prices fell on Friday as traders gained confidence that renewed conflict between the US and Iran was growing less likely.
Brent crude futures settled at $93.09, and US West Texas Intermediate crude (WTI) finished at $90.54. For the week, Brent rose 1.1%, while WTI gained 3.6%.
The contracts rose earlier in the week after fighting flared in the Middle East as US-Iran war peace talks dragged on while traffic in the Strait of Hormuz, where a fifth of the world's oil passes, remained limited. Any optimism remains heavily clouded by a tangled web of headlines and counter-headlines, analysts said.
Gas
Asia spot LNG rose last week on stronger demand from China and India, and amid supply disruption risks linked to industrial action in Australia and reduced output from maintenance activity elsewhere.
The average LNG price for July delivery into northeast Asia was $18.80 per million British thermal units, up from $18.20 per mmBtu the week before.
In Europe, the Dutch TTF gas price settled at $16.48 per mmBtu, posting a weekly gain of 1.8%. Stronger demand from Asia has continued to be a key factor driving LNG cargoes away from Europe.
This article was supplied by the Abdullah bin Hamad Al-Attiyah International Foundation for Energy and Sustainable Development.