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Mideast conflict dims prospect of more Egyptian LNG exports to Europe
The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel, Oxford Institute of Energy Studies (OIES) said.
read more... 09/11/2023
Egypt may stop LNG exports, tightening EU supply
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
Daily (19.10.2023): Oil prices saw a 2% uptick on Wednesday, boosted by Iran's call for an oil embargo against Israel and a decline in US crude stockpiles
Oil prices saw a 2% uptick on Wednesday, boosted by Iran's call for an oil embargo against Israel and a decline in US crude stockpiles driven by heightened exports and rising domestic demand. Hence, Brent crude settled at $91.45 per barrel, while WTI crude ended at $88.32 per barrel.
read more... 19/10/2023
Daily (17.10.2023): Oil prices drifted lower on Monday amid Venezuela talks and diplomatic efforts to reduce tensions in the Israel-Hamas conflict
Crude oil prices dropped yesterday amid diplomatic efforts to deescalate the Israel-Hamas conflict, while US is pursuing a deal that would ease some sanctions on Venezuelan crude sales. Nonetheless, market volatility persists in the wake of rumors about potential new sanctions on Iranian oil. As a result, Brent crude traded 1.4% lower at $89.65 a barrel. Meanwhile, U.S. WTI crude fell by 1.2% to end at $86.66 a barrel.
read more... 17/10/2023
Israel, Cyprus and Greece mull energy pacts
The leaders of Israel, Greece and Cyprus on Monday pledged to deepen energy cooperation and explore ways to get East Mediterranean gas to Europe, as well as connect electricity grids.
read more... 05/09/2023