European gas and power markets, once a niche corner of global energy trading, are in for a major change next week: Hours will more than double to 21 from 10, ending the narrow daytime window that has been the norm for years.
European gas and power markets, once a niche corner of global energy trading, are in for a major change next week: Hours will more than double to 21 from 10, ending the narrow daytime window that has been the norm for years.
Vapour rises from oil processing and refining structures in the Duna oil refinery, operated by MOL Hungarian Oil & Gas Plc, in Szazhalombatta, Hungary, on Monday, Feb. 13, 2019. Oil traded near a three-month high as output curbs by OPEC tightened global supply while trade talks between the U.S. and China lifted financial markets.
European natural gas steadied as the Strait of Hormuz remained largely closed and fighting continued in the Middle East, threatening a fragile ceasefire agreement between the US and Iran.
European natural gas steadied as the Strait of Hormuz remained largely closed and fighting continued in the Middle East, threatening a fragile ceasefire agreement between the US and Iran.
European natural gas plunged after the US and Iran agreed to a two-week ceasefire that could temporarily reopen the vital Strait of Hormuz and ease strained global energy markets.
European natural gas plunged after the US and Iran agreed to a two-week ceasefire that could temporarily reopen the vital Strait of Hormuz and ease strained global energy markets.
Oil and gas prices both plummeted after the US and Iran agreed to a two-week ceasefire deal aimed at halting the American-Israeli military campaign, with the White House announcing the US would hold direct talks with Iran in a bid to end the six-week conflict.
Oil and gas prices both plummeted after the US and Iran agreed to a two-week ceasefire deal aimed at halting the American-Israeli military campaign, with the White House announcing the US would hold direct talks with Iran in a bid to end the six-week conflict.
The silhouette of a pumpjack is seen in the Permian Basin near Orla, Texas on March 2, 2018. Photographer: Daniel Acker/Bloomberg
European natural gas futures resumed gains as traders watched the US and Iran exchange threats over the Strait of Hormuz, adding nervousnesses to an already volatile market.
European natural gas futures resumed gains as traders watched the US and Iran exchange threats over the Strait of Hormuz, adding nervousnesses to an already volatile market.
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran.
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran.
The liquefied natural gas production facility in Qatar's Ras Laffan Industrial City.
Oil and European natural gas prices surged after Iran carried out an attack on a major LNG site in Qatar, after earlier warnings from Tehran on threats to energy facilities across the Gulf.
Oil and European natural gas prices surged after Iran carried out an attack on a major LNG site in Qatar, after earlier warnings from Tehran on threats to energy facilities across the Gulf.
File photo of the South Pars gas field in Assaluyeh. Photographer: Atta Kenare/AFP
European natural gas posted a weekly decline as traders try to assess how the Iran war will unfold and affect global energy supplies after the initial shock for LNG markets was priced in.
European natural gas posted a weekly decline as traders try to assess how the Iran war will unfold and affect global energy supplies after the initial shock for LNG markets was priced in.
European natural gas futures traded in a narrow range as traders weighed Iran’s comments on the vital Strait of Hormuz, assessing the outlook for energy shipments from the Middle East.
European natural gas futures traded in a narrow range as traders weighed Iran’s comments on the vital Strait of Hormuz, assessing the outlook for energy shipments from the Middle East.
European natural gas dropped after US President Donald Trump predicted the Iran war will end soon, as he faces mounting pressure over how the conflict has upended energy markets.
European natural gas dropped after US President Donald Trump predicted the Iran war will end soon, as he faces mounting pressure over how the conflict has upended energy markets.
Ship-to-shore pipelines attached to the Lalla Fatma N'Soumer Liquid Natural Gas (LNG) tanker.
Qatar appears to have loaded its first liquefied natural gas cargoes after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers.
Qatar appears to have loaded its first liquefied natural gas cargoes after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers.
European natural gas prices resumed this week’s rally as the escalating conflict in the Middle East amplified uncertainty about disruptions to energy flows.
European natural gas prices resumed this week’s rally as the escalating conflict in the Middle East amplified uncertainty about disruptions to energy flows.
European gas’s biggest rally in four years came to an abrupt halt as traders weighed US moves in the Middle East that could potentially ease pressure on the market.
European gas’s biggest rally in four years came to an abrupt halt as traders weighed US moves in the Middle East that could potentially ease pressure on the market.
European natural gas prices spiked to the highest since 2023 amid uncertainty over how long the shutdown at the world’s largest LNG export plant in Qatar will weigh on global energy supplies.
European natural gas prices spiked to the highest since 2023 amid uncertainty over how long the shutdown at the world’s largest LNG export plant in Qatar will weigh on global energy supplies.
Qatar shut LNG production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging as much as 54%.
Qatar shut LNG production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging as much as 54%.
European natural gas surged after fighting across the Middle East raised fears of a major disruption to global energy supplies, with traders watching how long ship traffic through the Strait of Hormuz will remain halted.
European natural gas surged after fighting across the Middle East raised fears of a major disruption to global energy supplies, with traders watching how long ship traffic through the Strait of Hormuz will remain halted.
The combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy. Photographer: Alessia Pierdomenico/Bloomberg
Natural gas exports from the UK to continental Europe in February rose to the highest level for this time of year since 2023, as the country benefited from ample supply and milder weather.
Natural gas exports from the UK to continental Europe in February rose to the highest level for this time of year since 2023, as the country benefited from ample supply and milder weather.
European natural gas futures hit a five-week low as the weather outlook shifted milder, potentially easing strains on rapidly depleting fuel inventories.
European natural gas futures hit a five-week low as the weather outlook shifted milder, potentially easing strains on rapidly depleting fuel inventories.
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