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Panama Canal sees vessel traffic recovery in January

- Trade vessel traffic enjoys nearly 50% rise following eased draught conditions, while Trump threatens to take back control

18.02.2025 General

Syria's new administration seeks lifting of energy sanctions to revive economy

- Overthrow of Syria's Baathist regime marks beginning of a new era, yet Iran's decision to halt crude oil shipments to Damascus has left Syrian people facing a harsh energy crisis at their most critical time

22.12.2024 Energy Diplomacy

Red Sea trade sees historic decline amid rising tensions in Middle East

- Red Sea’s ship traffic falls 56% as vessels reroute around Cape of Good Hope following retaliatory attacks by Houthis

08.10.2024 Oil General

Yemen's Houthis release video of drone attack on British oil tanker in Red Sea

- Houthis say attack was carried out with drone boat as part of their 'military operations against American and British ships,' and continuation of their 'naval blockade on the Israeli enemy'

04.10.2024 Oil

Norway outage to push European gas prices higher, ICIS says

- Substantial reduction in supply could lead to price volatility and market uncertainty, report reveals

01.08.2024 Natural Gas General

Global LNG market to tighten due to Norway's maintenance work in August

- Europe's natural gas storages will be 87% full in July, ICIS forecasts

28.06.2024 Lng/Lpg General

Spot gas prices remain weak thanks to mild weather: ICIS

- Global LNG exports during January to March 2024 amount to 107.3 million tonnes, up by 4.5 million tonnes from same period in 2023

24.04.2024 Natural Gas Finance General

LNG shipments to play key role in Europe this summer

- Current price forecast on ICIS TTF for winter 2024–2025 deliveries at €33.07 per megawatt-hour, says ICIS

03.04.2024 Lng/Lpg General

Oil prices up over escalating tensions in Middle East, positive demand outlook

- Investors remain cautious ahead of key inflation data to be announced by US Fed late Tuesday

12.03.2024 Oil

European gas prices set to dip below pre-Ukraine war levels

- According to Independent Commodity Intelligence Services, muted gas demand is responsible for recent slide in gas prices on TTF

20.02.2024 Lng/Lpg General

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Suez Canal revenue drops 50% amid Red Sea tensions: Egyptian President

- Suez Canal is critical maritime route for global trade that significantly contributes to Egypt's economy and foreign currency reserves

19.02.2024 Finance Invesments Energy Security

Oil down around 5% over clashing demand, supply woes in week ending Feb. 2

- Surging crude oil stockpiles in US also fuel demand woes and axe prices

02.02.2024 Oil Stock Market

Oil up by 4% during week ending Jan. 26 over positive demand indicators in US, China

Both oil benchmarks decline on Friday with investor profit-taking after prices reached their highest level in almost two months during previous trading session

26.01.2024 Oil