Market drill-down · 28 stories · 30 days
Crude oil, natural gas, LNG, power and OPEC+.
Energy on Markets+ ↗Exports of liquefied natural gas via the Strait of Hormuz last month reached the highest total since February, at 31 tankers, compared with 27 in September, according to data from Kpler, as cited by Reuters. What is perhaps more impressive is that most of these cargoes were loaded from Qatar’s Ras Laffan hub, despite it still being under force majeure.
The Chicken and Frog in Brentwood says business rates and electricity bills have risen dramatically.
Crude oil prices dropped to less than $92 per barrel for Brent and $86 for WTI following reports citing President Trump as not planning to attack Iran “at this point”. At the time of writing, Brent crude was trading at $91.61 per barrel, and West Texas Intermediate was at $85.81 per barrel, after crashing by 7% on Monday, as reports emerged that the United States was open to letting Iran enrich uranium to almost 4% and Iran was, reportedly, going to accept the suggestion.
Saudi forces intercept two missiles fired towards Riyadh, hours after reporting damage to key East-West pipeline.
The price of oil has steadily dropped over the past week. Here's why.
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50.
Scientists have made a surprising discovery that could slash the amount of energy used in oil refining by eliminating part of the high-temperature heating process required to separate the fractions of crude oil. The scientific breakthrough has found a simple and inexpensive way to separate crude oil molecules through a polymer membrane, radically different from previous attempts to fractionate crude oil via membranes.
Oil prices plunged as renewed Iran peace hopes eased concerns over Middle East supply disruptions.
Another round of unconfirmed reports about a potential U.S.-Iran diplomatic breakthrough sent fresh optimism rippling through oil markets on Monday, after Al Arabiya claimed that a Qatari-Pakistani mediation proposal had revived serious negotiations over Tehran's nuclear program. Citing unnamed sources, Al Arabiya reported that Washington was prepared to allow Iran to continue enriching uranium to 3.67%, with Tehran supposedly agreeing to the proposed limit.
To be located near the island of Grand Bahama AxDo Bahamas to serve as anchor customer under 11-year
Israel’s Energy Ministry on Monday awarded six offshore natural gas exploration licenses to Houston-based Murphy Oil and Israel’s Ratio Energies, eight months after the war with Iran forced Israel to shut its biggest gas field. The Zone G licenses cover about 1,700 square kilometers of seabed roughly 25 kilometers southwest of Leviathan.
Saudi Arabia’s East-West pipeline, the kingdom’s main route for moving crude around the Strait of Hormuz, came under attack on Monday, the same day a Reuters survey showed OPEC output had recovered to 90% of its pre-war rate. An Energy Ministry official said the pipeline was targeted in the Medina region, causing a limited fire that emergency crews put out with no casualties and no disruption to operations.
The defining feature of the Northern Hemisphere winter 2026/27 is uncertainty. Liquefied natural gas (LNG) prices are above $30 per million British thermal units (MMBtu), and gas inventories are markedly lower in key markets.
A weather front is bringing still and cloudy weather at the start of the week in some of Europe’s largest electricity markets, resulting in power prices for peak evening periods soaring to 2022 highs. Across the UK, Germany, and France, the top power markets in Europe, wind and solar power generation is slumping on Monday and is expected to remain below normal until at least the middle of this week.
ADNOC Gas and Sharjah National Oil agreed to study potential collaboration aligned with strengthening natural gas supply security in the United Arab Emirates.
Indian government bond yields extended their rally on Monday, with the benchmark 10-year yield falling nearly 4 basis points as easing crude oil prices and hopes of a US-Iran peace deal improved sentiment. Investors are now watching US and Indian inflation data for cues on the outlook for interest rates.
Crude oil experienced its sharpest weekly decline in months on Friday, Ole S. Hansen, Saxo Bank's Head of Commodity Strategy, said in a report sent to Rigzone.
The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum. The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275.
Indian government bonds exhibited limited movement today as oil prices showed signs of stabilization. Investors are remaining cautious, especially with inflation data from both the United States and India on the horizon.
Global markets face a volatile week as investors assess the AI-led technology selloff, US inflation data, oil prices and geopolitical risks. China’s economic releases, European growth indicators and the COP31 climate summit will also shape sentiment.
Citi Research projects that India's benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings prospects and falling oil prices.
South Bow reported $99 million in normalized net profit - its version of net profit adjusted for special items - for the third quarter, down quarter-on-quarter and flat year-on-year as Keyston Pipeline throughput dropped.
OPEC's crude production rose toward pre-war levels last month as Saudi Arabia led a further recovery in Persian Gulf supplies, according to a Bloomberg survey.
Crude prices fluctuated as traders weighed Iran diplomacy, recovering Gulf exports and broader market weakness.
Commercial crude oil stocks, not including the SPR, came in at 409.760 million barrels on October 30, the EIA's latest weekly petroleum status report showed.
Ukraine struck a sixth Russian oil refinery in a week.
Treasury yields were last little changed Wednesday as investors weighed big wins from Democrats in the U.S. midterm elections.
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