- — The Commodities Feed: Middle East conflict keeps oil well supported
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at 10/13/26 4:00amEnergy – Scepticism over Russia-Ukraine ceasefire The weakness in the oil market following President Trump’s announcement of an energy ceasefire between Russia and Ukraine was short-lived. That goes, too, for the US-Russia diesel export deal. ICE Brent settled 1.8% higher, just shy of $107/bbl yesterday — the highest close since mid-September. Clearly, the market is ...- — OPEC lowers 2026 oil demand growth forecast to 400,000 bpd
- at 10/13/26 4:00amOPEC has lowered its oil demand growth forecast for 2026 to 400,000 barrels per day, down from the 1.4 million bpd projection made at the start of the year, Secretary General Haitham Al Ghais said. The organization expects the delayed demand to appear in 2027, when it anticipates pent-up demand will materialize. Speaking at the ...
- — Unleashing the Caspian’s potential in oil, gas and critical minerals
- at 10/13/26 4:00amAs the war in Iran pushes energy security ever higher on government agendas, importing countries want to diversify their sources of oil and gas. For IOCs and NOCs scanning the globe for upstream investments, resource holding countries are in pole position. Geopolitically stable contenders in the Caspian region include Azerbaijan, Kazakhstan and Turkmenistan. These producers ...
- — Are European jet cracks about to take off?
- at 10/13/26 4:00amNorthwest Europe jet imports have rebounded but can the recovery hold? We dig into supply from Asia, the Middle East and the US. Ernest CensierMarket Analyst Northwest Europe seaborne jet/kero imports had recovered to 500kbd in early October (on a 28-day moving average basis) up from 350kbd on September 20. However, seaborne exports and inventories ...
- — US Natural Gas Prices Edge Lower
- at 10/13/26 4:00amUS natural gas futures fell for a second day to $3.15 per MMBtu on Tuesday, as Gulf Coast producers restore operations after Hurricane Isaias, while warmer weather forecasts curbed early-season heating demand. As of Monday, around 25% of natural gas output remained shut in, according to the US Marine Minerals Administration. However, the impact on ...
- — The Unbroken Glass: Bab al-Mandab And The Risk Of Asymmetric Escalation
- 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. ...
As of 10/13/26 10:55am. Last new 10/13/26 7:25am.
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