Parvin Faghfouri Azar

BP and Shell Brace for Profit Drop

BP and Shell are expected to post lower profits this week as the supermajors grapple with weak oil prices and a global slowdown in demand. BP is due to publish its third-quarter earnings on Tuesday, while Shell will report its results on Thursday. Earlier this month, the FTSE 100 firms …

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European Gas Futures Retreat from 2024 Highs

Europe’s benchmark natural gas prices slumped on Monday from their 2024 high from last week as Israel’s retaliation for the Iranian missile strike was limited in scope and targets and avoided energy infrastructure in Iran. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were trading down by …

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Egypt to Double down on Natural Gas

Egypt has played a leading role in the global energy market for several decades, as a major producer of both oil and gas, as well as a vital transportation hub for energy products. Despite disruptions, caused mainly by national political unrest and geopolitical challenges in recent years, Egypt remains a …

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