Crude oil is trading above $93 per barrel, extending recent gains as uncertainty surrounding US-Iran negotiations continues to outweigh signs of improving physical supply from Saudi Arabia. The market remains focused on the risk that prolonged disruption around the Strait of Hormuz could keep a significant portion of Middle Eastern oil flows exposed to geopolitical […]
European natural gas prices have fallen below €72/MWh, but the decline comes against a tightening winter supply backdrop. Traders continue to monitor disruptions to LNG flows through the Strait of Hormuz, while uncertainty surrounding Gulf supplies and below-average European storage levels leave the market vulnerable to renewed price volatility. The supply picture is particularly important […]
Shift in narrative Just a few days ago, the market was heavily fearing a return of crude oil prices to new all-time records during the ongoing war. However, now investors are starting to play out a completely different scenario: the collapse of the Iran blockade. Although oil prices are rebounding significantly during the last Monday […]
US natural gas prices are trading around $3.11/MMBtu, extending their decline for a second session as the market waits for further clarity on the Mountaineer XPress pipeline disruption in West Virginia. The outage has removed an estimated 1.4–1.8 bcfd of gas flows, creating a near-term supply concern. However, the pressure from the pipeline disruption is […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest gap-up open on Monday as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh bets. Nevertheless, the commodity retains its positive bias through the Asian session and currently trades just above […]
European natural gas prices are advancing toward €73/MWh, recovering after last week’s decline as renewed uncertainty surrounding the Strait of Hormuz raises concerns over energy supply security. President Donald Trump has rejected Iran’s seven-day proposal to reopen the waterway, arguing that its terms are unacceptable, while also indicating that talks with Tehran could resume this […]
US heating oil futures have climbed back above $4.70 per gallon, ending a three-session decline as renewed uncertainty surrounding Middle East supply routes outweighs uncertainty over potential US diesel export restrictions. The market is balancing several competing forces. The lack of progress toward reopening the Strait of Hormuz is keeping energy-supply risks elevated, while the […]
Crude oil has climbed back above $93 per barrel as uncertainty surrounding the Strait of Hormuz increases the risk that the restoration of major oil flows through the waterway could take longer than previously expected. The latest move follows the rejection of Iran’s proposal to reopen the strait, while Tehran says it is still waiting […]
US natural gas prices are retreating after a sharp previous-session rally as the market receives confirmation that a major Appalachian pipeline disruption could be resolved quickly. October Nymex natural gas futures fell 10.1 cents, or 3.06%, to $3.20 per MMBtu, reversing part of the previous day’s surge to a 2.5-month nearest-futures high. The immediate catalyst […]
Crude oil and gasoline prices are facing renewed selling pressure as negotiations between the United States and Iran raise hopes of a deal that could reopen the Strait of Hormuz and restore disrupted Middle East supply flows. November WTI crude fell $2.20 to $92.15 per barrel, while November RBOB gasoline dropped 14.55 cents to $3.1840 […]