Tag Archives: Bloomberg News Agency

A second bumper oil options expiry in less than a month could inject volatility into crude prices Wednesday. There are about 21 million barrels worth of December $80 calls for US benchmark West Texas Intermediate that are due to expire later today. US crude futures are trading close to $78 …

Oil steadied after a short-lived relief rally as the market digested differing views on the supply and demand outlook, while an industry report pointed to an expansion in US stockpiles. Global benchmark Brent traded near $83 a barrel, while West Texas Intermediate was above $78. The International Energy Agency said …

Russia will stick to its voluntary oil exports cuts through 2023 in a move to balance the oil market, according to Deputy Prime Minister Alexander Novak. The nation will continue with a policy of curbing overseas supplies of crude and oil products by 300,000 barrels a day until the end …

European natural gas prices declined for a second day as November kicked off with a windy weather outlook and optimism that the war in the Middle East might not impact global fuel flows. Benchmark futures for December declined 0.5% after settling 9.5% lower the previous day. The continent is heading …

European natural gas prices advanced after a halt in Egyptian imports dashed hopes for a resumption of deliveries to Europe, adding to supply risks just as Israel widened its ground offensive in Gaza. December futures jumped as much as 4.5% on Monday. Prices are around 30% higher than before the …

Eni SpA signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month. Starting in 2026, a joint venture between the Middle Eastern company and Eni will deliver as much as 1.5 billion cubic meters of LNG per year …

Shell Plc will buy more liquefied natural gas from Qatar and supply the commodity to the Netherlands under a long-term deal, marking the Gulf nation’s second major contract with a European oil firm this month. Starting in 2026, QatarEnergy will deliver as much as 3.5 million tons of LNG to …

China’s regulator has asked its biggest state-owned natural gas suppliers to fill up storage facilities heading into the peak winter heating season, underscoring risks from rising geopolitical tensions to the nation’s energy security. The National Energy Administration said China’s demand for gas is increasing and, while the domestic market is …

Japan’s liquefied natural gas inventories dropped to the lowest level in over a year-and-a-half and could push the nation’s utilities to buy more fuel ahead of winter. Storage held by Japan’s power suppliers fell to 1.62 million tons as of Sept. 17, according to data compiled by the trade ministry. …

TotalEnergies SE is launching a “massive” green hydrogen tender to reduce the carbon emissions of its six European refineries and two French biofuel plants as pressure mounts on the industry to fight climate change. The French energy giant plans to replace the entire 500,000 tons of gray hydrogen used annually …