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July 7, 2026: The UP World LNG Shipping Index lost 3.14 points (1.59%) last week, closing at 194.60 points, while the S&P 500 gained 1.76% in a holiday-shortened week. The UPI continues to weaken following a slowdown in its decline, though the weighted index lost only a quarter of a per cent. The ratio of advancing to declining stocks was even at 10:10, and volume was slightly below average. The UPI remains above its 50-week moving average at 190 points, leaving room for a safe decline toward this long-term support. The first Qatari LNG tanker sailed through the Strait of Hormuz with its AIS activated amid easing tensions. At the same time, Qatar extended its force majeure until mid-August, with liquefaction units expected to resume in early September. ALNG led the gainers with +8.76%, while COSCO Shipping Energy Transportation fell nearly 13% — the only significant decline of the week. Read or listen more...