Sector Update: Energy

MT NewswiresMay 7 03:47

Trump's Iran Naval Blockade Sends Brent Crude Toward $120, Dow Futures Slide—Tehran Taunts US Over Rising Oil Prices

BenzingaApr 30 10:20

Global Commodities Roundup: Market Talk

WSJApr 28 04:15

The EU's efforts to decouple from Russian energy have faced repeated challenges, with Italy's oil and gas giant urging a suspension of the ban on Russian gas imports!

①The escalation of U.S.-Iran tensions has intensified market pessimism regarding energy supply. Italian energy giant Eni Group has called on the EU to suspend the planned import ban on Russian liquefied natural gas set for 2027 in order to avoid additional impacts on industrial sectors; ②The CEO of Eni Group warned of serious issues in the supply of aviation fuel in Europe, with 35% of aviation fuel reliant on imports and no remaining production capacity at the European level.

cls.cnApr 14 12:25

Singapore has reached an agreement to ensure the stable supply of petroleum products and other goods.

During his visit to Singapore, Australian Prime Minister Anthony Albanese met with Prime Minister Lawrence Wong on April 10 and agreed to ensure the stable supply of petroleum products and natural gas. Both countries are committed to enhancing cooperation in areas such as improving the efficiency of borders and ports and strengthening communication to secure the stable supply of critical goods.

Fisco JapanApr 12 06:37

Goldman Sachs slightly lowered its Q2 Brent crude oil forecast but noted it still faces upside risks.

According to a Goldman Sachs research report, following a two-week ceasefire agreement reached between the United States and Iran, both Brent crude oil futures and New York crude oil futures retreated to approximately $95 per barrel. This development is largely in line with the bank's expectations, which anticipates that energy shipments through the Strait of Hormuz will resume by the end of this week, followed by a gradual recovery of Persian Gulf exports to pre-conflict levels within one month. The bank has maintained its oil price forecasts for the third and fourth quarters of this year unchanged, projecting Brent crude at $82 and $80 per barrel respectively, and WTI crude at $77 and $75 per barrel. However, its forecast for the second quarter's Brent and WTI prices was slightly revised down to $90 and $87 per barrel, respectively. Nonetheless, the bank believes the current situation remains uncertain.

AASTOCKSApr 10 11:22