Parvin Faghfouri Azar

European Gas Markets Take Sigh of Relief

European gas markets are taking a sigh of relief after aggressive purchasing for LNG cargos and piped gas see storages filled faster than EU targets, Rystad Energy Senior Analyst Wei Xiong said in a market note sent to Rigzone on Wednesday. Europe is in full bunkering mode and taking no …

Read More »

Oil Recovers on Firm US Demand, Weaker Dollar

Oil prices recovered slightly on Wednesday as data pointed to firm fuel demand in the US, providing respite after a 5% drop a day earlier on fear of demand suffering from increased China Covid-19 curbs and central bank interest rate hikes. A slightly weaker US dollar also shored up the …

Read More »

Gazprom Cuts Gas Deliveries to France’s Engie

French utility Engie announced that Russian energy giant Gazprom will reduce gas deliveries as of today over a contract disagreement. The company did not specify the reason for the dispute, but did say it “had already secured the volumes necessary to meet its commitment towards its customers and its own …

Read More »