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From $144 in 2008 to -$37 in 2020, Brent and WTI have been through it all. Today Brent futures settled at $106.65 and WTI at $93.74.
Which shock comes next? #Oil#Brent#WTI
Bloomberg: ADNOC is weighing a third UAE oil pipeline to Fujairah that would bypass the Strait of Hormuz for Asian buyers. Habshan–Fujairah already moves 1.5 million b/d; ADNOC called it speculative. #Oil#UAE#Hormuz#ADNOC#Energyoilprice.com/Energy/Crude-Oi…
Europe's gas buffer is thin as forecasts show an early Arctic polar vortex disruption that could send cold into Northwest Europe. Storage sits near 74%, the lowest seasonal level since the 2022 energy crisis. #NatGas#Europe#LNG#Energy#Winteroilprice.com/Energy/Natural-…
BREAKING: Oil crashes as Trump and Vance blame the Iran war for midterm losses. Brent fell $8.94, or 8.6%, to $94.66 — lowest since Sept. 4; WTI dropped 8.3% to $88.08 after Brent traded near $118 Friday. #Oil#Brent#Iran#CrudeOil#Energyoilprice.com/Latest-Energy-N…
BREAKING: Equinor halted Visund after a switchboard-room fire, cutting the field's full 13.2M cubic meters/day of gas export capacity to zero for Thursday. No injuries; restart timing unclear. #Equinor#NaturalGas#NorthSea#Norwayoilprice.com/Latest-Energy-N…
Aliko Dangote broke ground on a $2.5B Namibia fuel hub: a depot outside Walvis Bay plus a 1,700-km pipeline to Botswana and South Africa, aiming at cheaper fuel for landlocked African markets. #Dangote#Namibia#Oil#Africa#Energyoilprice.com/Latest-Energy-N…
Brent fell 2.9% to $100.60 and WTI 3% to $93.23 as traders bet on a U.S.-Iran settlement. Trump said Washington has no immediate strike plans and "seem[s] to be getting everything we want." #Oil#Brent#Iran#CrudeOil#Energyoilprice.com/Latest-Energy-N…
European gas prices fell 2% to about €89.59/MWh at Dutch TTF as traders await Trump's next move on Iran. EU storage is just 74.33% full vs an 86% five-year average, and Qatar LNG force majeure runs to December. #NaturalGas#TTF#Europeoilprice.com/Latest-Energy-N…
Nigeria's NNPC lifted oil and gas output to 3.04M boepd in September from 3.01M in August, helped by the Obodo field restart. Leaks, outages and protests still cap gains; monthly revenue held at $3.4B. #Nigeria#NNPC#Oil#OPEC#Africaoilprice.com/Latest-Energy-N…
Renewable energy stocks rallied in Asia and Europe after Democrats took both the House and Senate. Orsted rose 6%, Vestas 5% and Hanwha Solutions 18% as investors rotated out of AI plays into clean energy. #Renewables#Midterms#CleanEnergyoilprice.com/Latest-Energy-N…
BREAKING: Iran's IRGC says four oil tankers were destroyed by naval mines south of the Strait of Hormuz and two more vessels seized. Middle East oil exports already slipped to 17.1M bpd in October from 18.9M. #Iran#Hormuz#OilMarkets#Tankersoilprice.com/Latest-Energy-N…
India aims to nearly triple coal stockpiles to 55 million tons by March 31 from just 18 million now — only six days of plant burn versus a three-week requirement — to avert next summer's blackouts. #Coal#India#Energy#Poweroilprice.com/Latest-Energy-N…
Trump weighs removing Defence Secretary Pete Hegseth following midterm losses -CBS News
Florida Gov. Ron DeSantis is being floated as a possible replacement, according to a source
Oil rebounded from four-week lows as traders refocused on the Middle East. Brent traded at $103.60 and WTI at $95.98 after Rystad and Vortexa warned that Gulf supply is still far from normal. #Oil#Brent#Hormuz#CrudeOil#Energyoilprice.com/Latest-Energy-N…