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Gas Prices Set for a Breakout in 2025
Friday 6th of December 2024
Natural gas prices are on the climb and this climb is about to intensify in the first months of the new year as seasonal demand hits its peak in the northern hemisphere. That’s bad news for struggling economies.Gas prices in Europe, Asia, and North A…
Oil Prices Tick Higher on Crude Inventory Draw
Thursday 5th of December 2024
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 5.1 million barrels for the week to November 29.The change compared with a build of 1.23 million barrels for the week, as estimated b…
Europe Depletes Gas Inventories At Fastest Rate in Six Years Ahead of Winter
Wednesday 4th of December 2024
Europe is depleting its natural gas reserves at the fastest rate in six years as still winter weather and low temperatures combine to challenge the continent’s transition away from hydrocarbons—and delay it.Since the start of official winter season—…
Why China is Finally Turning Its Back on Iranian Oil
Tuesday 3rd of December 2024
After years of abusing Iranian sanctions and flooding Chinas economy with cheap Iranian oil, China’s larger independent refiners are set to shun Iranian oil “imminently” because of their exposure to the US banking system, said Energy Aspects, which…
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