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Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave...
Fed hawkishness and stretched valuations offset Iran deal relief, Deutsche Bank says
Despite the interim US-Iran deal and a considerable fall in oil prices, risk assets have barely move...
ECB’s Lagarde: “No evidence yet” of inflation de-anchoring that would warrant stronger ECB action
European Central Bank (ECB) President Christine Lagarde said on Monday that policymakers are not yet...
Europe’s Industrial Future Is Not Where Most People Think It Is
For the past several years, Europe’s industrial debate has been dominated by a single word: decline. Factories are closing. Energy prices remain structurally higher than in competing regions. Germany’ ...
BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan
BP Plc.(NYSE:BP) has officially launched commercial production of natural gas from the deeper reservoirs of the Azeri-Chirag-Gunashli (ACG) block, Azerbaijan's largest oilfield. Additionally, the Brit ...
Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August
An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge León, Head of Geopolitical Ana ...
Top 5 Commodities Impacted By The Iran War
The Middle East conflict has triggered sweeping, multi-commodity supply shocks, profoundly impacting global energy, petrochemicals, agriculture and shipping industries, among others. The disruption of ...
Ukrainian Drones Strike Russian Refinery Deep Behind Front Lines
Ukrainian drones targeted a Russian oil refinery hundreds of kilometers from the Ukrainian border, the latest in a campaign of deep strikes aimed at disrupting Russia’s oil industry. The May 31 overni ...
Pakistan Inflation Accelerates to 11.7% on Oil and Gas Import Shock
The surge in international oil and gas prices amid the Iran war hiked Pakistan's inflation to the highest level in two years as energy import costs ballooned. Pakistan's general inflation jumped to 11 ...
Norway Strike Could Hit 600 Offshore Workers as Wage Talks Collapse
A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle ...
Inside The Iran Deal That May Change Nothing — But Could Smash Oil Prices Anyway
After more than three months of fighting and stop-start negotiations, Washington and Tehran are now reportedly on the verge of a deal that would end the conflict. However, according to well-placed sou ...
Trump Hardens Terms as Iran Negotiations Reach Critical Stage
Trump Toughens the Terms of Potential Deal Fresh Sunday reporting in the NY Times says President Trump has responded to Iran's refusal to budge on giving up its nuclear material by tightening US condi ...
BP Sells 5% Stake in Australia's Newest $35 Billion LNG Project
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday. BP is selling the 5% ...
Oil Prices Up 3% As Trump Demands Changes To Iran Deal
Oil prices pushed higher Monday, with Brent crude topping $94 per barrel and WTI climbing above $90, after President Donald Trump sent a proposed Iran peace agreement back for revisions, raising fresh ...
French Navy Intercepts Suspected Shadow Fleet Vessel Bound From Russia
The French Navy has boarded and seized in the Atlantic a Russia-linked oil tanker which is under international sanctions, French President Emmanuel Macron said on Monday. The French navy on Sunday mor ...