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Egypt may stop LNG exports, tightening EU supply
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
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Qatar signs 27-year gas supply deal with Italy's Eni
State-owned QatarEnergy said on Monday it would supply Italy's Eni with gas for 27 years, following similar deals this month to supply the Netherlands via Shell and France through TotalEnergies.
read more... 23/10/2023
Daily (23.10.2023): Gas prices extended gains on Friday amid colder weather, ongoing conflict in the Middle East and persisting supply concerns
Oil prices witnessed a minor decline on Friday in a market filled with uncertainty. This uncertainty stems from various factors, including the ongoing conflict in the Middle East and the looming political crisis in the United States Congress. As a result, Brent crude stabilized at $92.16 per barrel, while WTI crude ended at $88.08 per barrel, down 1.4% day-on-day.
read more... 23/10/2023
Daily (12.10.2023): European spot electricity prices surged on Wednesday amid falling wind output and potential strikes by power workers in France
On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023
Daily (11.10.2023): British gas prices saw a fierce uptrend on Tuesday amid supply concerns over Middle East tensions
Crude oil prices were slightly lower yesterday amid concerns over the state of the global economy, after recent data flagged a slowdown in economic growth. However, the oil market remained choppy amid Middle East turmoil, fueled by worries about a potential decrease in oil supply. As a result, Brent crude traded 0.6% lower at $87.65 a barrel. Meanwhile, U.S. WTI crude edged 0.5% lower at $85.97 a barrel.
read more... 11/10/2023