- — The Unbroken Glass: Bab al-Mandab And The Risk Of Asymmetric Escalation
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at 10/12/26 3:00pmAlliances are drafted for contingencies their signatories hope will remain theoretical. The Makkah Joint Defense Agreement – concluded in August by Saudi Arabia, Turkey and Pakistan – was one such instrument, yet early this week, less than two months after it was signed, the three states announced the activation of its collective deterrence measures. What ...- — Goldman ups Dec’26 oil forecast to $90/bbl; 2027 worst-case pegged at $125
- at 10/12/26 3:00pmGoldman Sachs has upped its December 2026 crude oil price forecast by 6 per cent to $90 per barrel (bbl) from $85 a barrel earlier given the supply-side risks in the backdrop of West Asia war. The forecast, however, is nearly 13 per cent lower than the current price of around $103/bbl. “We maintain our ...
- — Guyanese crudes drop to lowest on record as freight costs hammer FOB values
- at 10/12/26 3:00pmPlatts assessed Guyanese crudes at their weakest level to Dated Brent since assessments began in 2023 as shipping costs continue to rise. Crazy market, said one trader active in the Americas crude markets. A separate trader said, I wish I had a VLCC. Platts assessed Payara Gold at a discount of $16.05/barrel to Dated Brent, ...
- — Oil prices drop as stocks rise after Trump touts ‘energy ceasefire’
- at 10/12/26 3:00pmMost stock markets rose early Monday as oil prices fell after Donald Trump announced an energy ceasefire between Russia and Ukraine, which offset a fresh wave of Houthi attacks on Saudi Arabia. Both main crude contracts, Brent and US WTI, sank more than 1% following the US presidents declaration, even as it sparked astonishment in ...
- — US rig count increases
- at 10/12/26 3:00pmThe total number of rigs drilling for crude oil and natural gas in the US increased by five to 603 in the week ending 9 October, according to Baker Hughes. The number of oil rigs rose by six to 462, while gas rigs fell by one to 132, Baker Hughes reported. There were also nine ...
- — The Commodities Feed: Oil lower despite Middle East escalation
- at 10/12/26 4:00amEnergy – Middle distillate cracks trade lower on Trump diesel deal After a weekend of escalation in the Middle East and the risk of the conflict broadening, one would think oil prices would be trading firmer this morning. However, this is not the case. ICE Brent has been down more than 2% at one stage ...
- — IEA statement on responding to the global diesel market situation
- at 10/12/26 4:00amAhead of the IEA Governing Board meeting on 15 October, IEA Executive Director Fatih Birol has written to IEA Member governments on the subject of tightening global diesel markets. In the message, Dr Birol outlines how current market conditions merit immediate attention and can best be managed through continued cooperation among IEA Members. He notes ...
- — West African differentials drop with high freight, growing competition
- at 10/12/26 4:00amSoaring freight costs are breaking global crude oil arbitrages and having a particular effect on WAF barrels, with differentials coming under pressure. Key takeaways • West African differentials plummet to multi-year lows: Discounts on unsold October and November cargoes collapsed. Angolas Hungo hit its widest discount since 2011 • Soaring freight costs sever long-haul arbitrages: ...
- — Why are EU gas prices not higher already?
- at 10/12/26 4:00amEuropean natural gas prices have remained relatively contained despite major disruptions to Middle Eastern liquefied natural gas (LNG) exports, as additional supply and weaker demand have cushioned the impact, according to UBS analysts. In an October 5 report, UBS said higher LNG production outside the Middle East and reduced consumption across Europe and Asia had ...
- — UK Natural Gas Prices Rise to 2022 High
- at 10/12/26 4:00amUK natural gas prices rose to 205.3 pence per therm, the highest since December 2022, as increased tanker attacks in the Strait of Hormuz and escalating regional tensions heightened concerns over the security of LNG supplies. The strait handles around 20% of global LNG trade before the war. Despite a steady rise in European gas ...
- — IEA’s extra oil release would come only after implementing existing obligations: Sadamori
- at 10/11/26 3:00pmThe International Energy Agencys extra oil release would come only after the implementation of existing obligations, Keisuke Sadamori, the IEAs former director of energy markets and security, told Platts, part of SP Global Energy. In order for the additional releases, they have to implement the existing obligations first, said Sadamori, who retired from the IEA ...
- — Why rising exports aren’t easing oil market fears
- at 10/11/26 3:00pmMiddle East oil exports are recovering toward pre-war levels, but soaring freight costs, tanker shortages and disruption around key shipping routes are keeping pressure on the market, according to PVM Oil Associates, part of TP ICAP Group. Middle East exports reached an estimated 80% of pre-war levels, with shipments averaging about 12.8 million barrels per ...
- — US energy firms add oil and gas rigs for fourth week in five
- at 10/11/26 3:00pmUS energy companies increased their drilling activity this week, adding rigs for the fourth time in five weeks, according to Baker Hughes on Friday. The total oil and gas rig count rose by five to 603 in the week ending Friday, reaching its highest level since May 2024. The report serves as an early indicator ...
- — India’s upstream strategy seeks to reset economics of deepwater exploration
- at 10/11/26 3:00pmIndia is accelerating efforts to unlock its offshore oil and gas potential through a key policy initiative that combines public investment, financial support, and risk-sharing measures aimed at making frontier drilling commercially viable by reducing the financial burden on upstream companies, government officials, CEOs, and analysts told Platts, part of SP Global Energy. The National ...
- — US plans Alaska offshore oil lease sale for March 2027
- at 10/11/26 3:00pmThe US Interior Department proposed Friday to hold an offshore oil and gas lease sale in Alaska’s Cook Inlet on March 3, 2027, offering approximately 1.05 million acres for drilling. The proposed sale, called Big Beautiful Cook Inlet 2, would make 224 blocks available for leasing as part of a congressionally mandated program. The Marine ...
- — China’s desert oil field produces over 26 mln tonnes of oil and gas
- at 10/11/26 3:00pmChinas largest desert oil field has produced more than 26 million tonnes of oil and gas from reservoirs more than 6,000 meters underground, according to China National Petroleum Corporation (CNPC). The output was recorded at the Hade-Fuman oil field, located on the northern edge of the Taklimakan Desert in northwest Chinas Xinjiang Uygur Autonomous Region. ...
- — ASIA CRUDE MOC PERFORMANCE: 5.5 mil barrels change hands for Sep loading
- at 10/9/26 3:00pmMarket participants in the Platts Middle East crude Market on Close assessment process have completed the physical performance of 5.5 million barrels of Oman crude for loading in September, according to trade performance data compiled by Platts, part of SP Global Energy. Middle East crude cargoes trade on a two-month forward cycle, meaning that product loading ...
- — Diesel crunch deepens as shipping costs squeeze global oil trade
- at 10/9/26 3:00pmCrude flows from the Persian Gulf are recovering toward pre-disruption levels before the US-Iran war, but diesel and shipping markets remain under severe strain, prompting Asian and European buyers to seek more US oil and refined products, executives from Phillips 66 and Occidental Petroleum said Oct. 7. Diesel remains acutely tight as the Middle East ...
- — Strategic stock release resets diesel
- at 10/9/26 3:00pmThe announcement that the G7 will release up to 100 million barrels of diesel and crude oil over the next four months in coordination with the IEA has effectively reset gasoil markets, triggering a substantial sell-off in futures markets, and France has already indicated that significant volumes will be made available in the next 20 ...
- — G7’s 100-million-barrel pledge tied to unfinished March emergency oil release
- at 10/9/26 3:00pmThe G7, led by France, announced the release of 100 million barrels of diesel and crude oil after Trump threatened a ban of diesel exports. G7 countries have agreed to release up to 100 million barrels of oil from strategic reserves over four months in a coordinated effort to bring down soaring energy prices, with ...
- — US imposes new sanctions on Iran’s oil transport network
- at 10/9/26 3:00pmThe Trump administration announced new sanctions on Iran, targeting individuals, networks and 17 vessels involved in transporting crude oil, oil products and petrochemicals, according to the Treasury Department. The sanctions fall under the department’s Operation Economic Outcast, which seeks to reduce Tehran’s funding for war efforts, missile construction, cyberattacks and the Islamic Revolutionary Guard Corps. ...
As of 10/13/26 6:46am. Last new 10/12/26 6:41pm.
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