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European natural gas prices fell 7% to €74 per megawatt-hour, after details of Germany’s latest gas storage tenders indicated lower volumes than initially expected. Trading Hub Europe launched several tenders to secure sufficient gas availability for the first quarter of 2027, amid concerns over storage levels ahead of
Conflicting reports on Middle East oil supply are creating uncertainty, with some indicating increased flows while others show disruptions. Admiral Brad Cooper stated that crude oil, cargo, and LNG volumes are higher than in the past six months, despite ships transiting the Strait of Hormuz with transponders off. Figur
Oil prices eased on conflicting reports of increased supply from the Middle East, with exports from Saudi Arabia recovering in September after a slump in August. Admiral Brad Cooper stated crude oil and LNG volumes were higher than at any point in the past six months, though shipping data provided a mixed picture.