EU Gas Prices Moving Up
On Tuesday, new data from the London Intercontinental Exchange (ICE) showed that on Tuesday, natural gas futures in the European Union increased substantially, by as much as 18%. Gas futures…
Oil Holds Onto Losses As Chinese Data Misses Expectations.
Oil held steady following a loss on Monday, as concerns over the health of the Chinese economy and a strengthening dollar kept the price suppressed. West Texas Intermediate was trading…
Oil Stabilizes As Investors Consider China’s Property Sector Crisis
After seven weeks of increases, oil steadied as investors shifted away from risk assets due to concerns about the status of China’s economic recovery. The price surge saw the longest…
German AfD Leader Says Germany Should Import Russian Gas, And Ignore Sanctions
German MP and right-wing AfD party leader Anton Baron has stepped forward and put forth that Germany should not sacrifice its energy security just in order to inflict sanctions on…
Europe’s Gas Supply May Be About To Tighten
Newly released data from the London Intercontinental Exchange (ICE), showed that on Wednesday, natural gas prices in the EU reached the highest levels seen since mid-June. Gas futures for September…
Asian Buyers Continue To Scoop Up Discounted Russian Crude
The Organization of the Petroleum Exporting Countries (OPEC) released its latest Oil Market Report on Thursday, showing that Russia continues to be the largest exporter of oil to India and…
Gas Group Says Germany Needs More Infrastructure To Avoid A Crisis
On Thursday, Bloomberg reported that Germany faces significant gas shortages in the coming years, unless it can increase its fuel infrastructure, according to the INES group of gas storage operators.…
Aramco Says China And Airline Demand Will Grow
According to the chief executive of Saudi Aramco, Amin Nasser, global oil demand will continue to remain solid despite the recent voluntary reductions in production output by Saudi Arabia and…
Oil Prices Surge, Hitting Four Month Highs
Following announcements from OPEC+ members Saudi Arabia and Russia that they would be prolonging curbs on oil production, major global oil benchmarks have hit their highest levels since mid-April. Brent…
Russia To Cut 300,000 bpd Through September
Russian Deputy Prime Minister Alexander Novak has announced that starting from September, Russian oil producers will reduce exports of crude oil by 300,000 barrels per day (bpd) in what he…
