Energies
Energies, Institutional
US Heating Oil Surpasses $5
US heating oil prices climbed to around $5.12 per gallon, their highest level on record, amid persistent tight distillate supplies. EIA data showed that US distillate stockpiles, which include diesel and heating oil, rose by 2.1 million barrels in the week ended September 4, but remained 13% below the five-year average, indicating that inventories remain […]
by Currency Hedger
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- 1 month ago
Energies
European Gas Climbs as Gulf LNG Disruptions Persist
European natural gas prices rose above €82/MWh on Friday, their highest level since December 2022, amid persistent disruptions to LNG supplies from the Persian Gulf. Fighting between the US and Iran has intensified over the past two weeks, centering on who controls the Strait of Hormuz. The ongoing blockade has already disrupted around 20% of […]
by Currency Hedger
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- 1 month ago
Energies, Institutional
European TTF gas futures hit highest level since 2022 as inventories remain low ahead of winter
European gas prices are rising, with the front-month TTF contract climbing above €79/MWh on Wednesday morning to its highest level since December 2022. The US–Iran war is restricting LNG availability as Europe prepares for winter with unusually low inventories. At the same time, high near-term delivery prices are making storage less profitable and hampering efforts […]
by Currency Hedger
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- 1 month ago
Energies
European Gas Hovers Near Multi-Year Highs
European natural gas prices steadied at €79/MWh on Thursday, hovering close to its highest level in more than three years, amid rising concerns over the region’s gas supply outlook. European gas inventories remain below historical norms as escalating attacks in the Middle East continue to disrupt LNG shipments through the Strait of Hormuz, a critical […]
by Currency Hedger
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- 1 month ago
Energies, Institutional
WTI Oil erases losses and returns above $92.00 as hostilities in the Gulf escalate
Crude prices maintain their bullish tone on Wednesday, as the situation in the Middle East risks escalating into an all-out regional war. The US Benchmark West Texas Intermediate (WTI) has retraced previous losses to hit fresh three-month highs at $92.70, with the early-June highs of $94.87 in sight. The war in Iran escalated to a […]
by Currency Hedger
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- 2 months ago
Energies, Institutional
Brent Nears $100 on Mideast Hostilities
Brent crude rose above $99 a barrel on Wednesday, reaching its highest level in nearly seven weeks and approaching the key $100 threshold after Iran said it had struck two American vessels and eight oil tankers in the Gulf. The escalation heightened concerns over further disruptions to global oil supplies. Tehran also launched ballistic missiles […]
by Currency Hedger
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- 2 months ago
Energies, Institutional
Heating Oil Moves Toward Record High
US heating oil prices rose above $4.63 per gallon, moving back toward their record high as refineries grapple with increasingly constrained refined-product supplies. The Middle East war continued to escalate as Iranian-backed Houthis launched strikes on Saudi energy facilities, including the Jazan oil refinery. This comes on top of ongoing disruptions and reduced traffic through […]
by Currency Hedger
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- 2 months ago
Energies
European Gas Extends Rally
European natural gas prices climbed above €76/MWh on Wednesday, extending gains for a fourth session to their highest level since December 2022, as continuing strikes in the Middle East heightened concerns over further supply disruptions. The US military said it destroyed five Iranian oil tankers near Kharg Island on Tuesday in response to attacks on […]
by Currency Hedger
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- 2 months ago
Energies, Institutional
Brent Crude Nearing $100
Tanker attacks, the Strait of Hormuz dispute, and record US fuel prices fuel the next wave of the energy crisis. Oil prices on global exchanges are surging, with the valuation of a barrel of Brent dangerously approaching the $100 mark, reaching over $98. The American benchmark, WTI crude, is climbing above $93. The main driver […]
by Currency Hedger
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- 2 months ago
Energies, Institutional
Iran’s warns economic warfare will be met by maritime exclusion zone
Secretary of Iran’s Supreme National Security Council, Mohsen Rezaei, warned on Tuesday that Tehran would respond to what it calls US “economic warfare” by imposing a maritime exclusion zone across the Persian Gulf. “Economic warfare will be met by a maritime exclusion zone across the Persian Gulf to the blockade perimeter,” said Rezaei, adding the […]
by Currency Hedger
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- 2 months ago