US heating oil futures are extending their decline toward $4.70 per gallon, with prices reaching a two-week low as uncertainty over potential US diesel export restrictions continues to dominate the near-term outlook. The White House has denied reports of a planned 90-day diesel export ban, while Energy Secretary Chris Wright has indicated that the administration […]
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday. Crude oil prices depreciated amid reports that the United States (US) and Iran were considering a phased deal to reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Mediated […]
Crude oil slipped below $94 per barrel on Friday, snapping a two-day rally amid reports that the US and Iran were considering a phased deal that could reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Efforts to reach a breakthrough were reportedly underway on the sidelines of the UN General […]
For several weeks now, a proposal has been circulating in the US public debate, with varying intensity, to introduce a ban on diesel exports from the United States, ultimately for a period of around 90 days. This step is meant, naturally, to reduce significant pressure on the US fuel market ahead of elections that are […]
Brent crude futures ( OIL ) are rising today following the contract rollover and are gradually moving back toward the $100 per barrel area. Talks between the U.S. side and the Iranian delegation failed to produce any breakthrough, while Tehran, in exchange for reopening the Strait of Hormuz, reportedly presented a highly demanding set of […]
European natural gas prices are rebounding toward €74/MWh as uncertainty surrounding the Middle East continues to keep global LNG supply risks firmly in focus. The market is recovering from a three-week low as traders assess whether diplomatic efforts can reopen the Strait of Hormuz, a critical route for LNG and energy shipments from the Persian […]
US heating oil prices are showing renewed strength as the market reassesses domestic diesel availability following the White House denial of reports that the United States was preparing a 90-day diesel export ban. October heating oil futures remain around $4.80 per gallon, while the broader distillate market continues to trade near historically elevated levels as […]
U.S. President Donald Trump has backed restrictions on diesel exports from the United States, while Treasury Secretary Scott Bessent confirmed that the administration is examining both a full and a partial ban. No decision has yet been made, but Trump said it should come quickly. This marks a significant shift in the administration’s stance, as […]
US natural gas prices have climbed above $3.00/MMBtu, reaching their highest level since early July as stronger weather-driven power demand and robust LNG exports tighten the US gas balance. The latest rally is being driven by a combination of above-average autumn temperatures, continued air-conditioning demand, strong gas-fired power generation and rising LNG exports. At the […]
European natural gas prices are currently trading around €72/MWh, with the market at its lowest level since early September as renewed US-Iran diplomatic contacts reduce some of the immediate fears surrounding energy transportation and regional supply disruption. The latest developments are creating a more balanced near-term outlook for European gas. Increased LNG tanker and crude […]