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Middle East: Benchmarks rally on strong demand, tripling in the week

18/01/2025

Middle East crude benchmarks extended their rally on Friday and ended this week at a level of $5 per barrel,

US natgas prices drop 5% from 2-year high on milder late Jan weather forecasts

17/01/2025

U.S. natural gas futures dropped about 5% on Friday from a two-year high in the prior session on forecasts for

Oil set for fourth week of gains as investors assess US sanctions impact

17/01/2025

Oil prices edged up on Friday, heading for a fourth consecutive week of gains, as the latest U.S. sanctions on

EIA expects oil prices to be under pressure from oversupply in 2025, 2026

17/01/2025

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy

US natgas prices hold near two-year high on forecasts for more cold, record demand

17/01/2025

U.S. natural gas futures held near a two-year high on Thursday on colder weather forecasts for the Martin Luther King

BP cuts over 5% of workforce to reduce costs

17/01/2025

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts

Europe Gas Prices lower on softer demand, higher renewables

17/01/2025

Dutch and British wholesale gas prices fell on Thursday morning amid softer demand and higher wind and solar output forecasts,

Brent prices could hit $90/barrel on Russian oil disruption, Deutsche Bank says

17/01/2025

Deutsche Bank on Wednesday indicated Brent crude prices could potentially rise to $87-$90 per barrel (bbl) if Russian oil production

Middle East premium hits over 2-year high on strong demand from China, India

17/01/2025

Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top

Europe to intensify LNG competition with Asia to meet 2025 storage goals: Axpo

17/01/2025

Europe will have to compete with Asia for LNG to meet its 2025 gas storage targets given lower gas stock

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