Traders fear that they’re going to need to permanently price in instability in the Strait of Hormuz as shortages loom and Asian demand heats up.

Oil price briefly breached $90 a barrel mark on Sunday before easing after Iran said talks continue

Oil and gas firms say EU methane rules will force them to stop exporting to Europe. The Commission thinks they’re bluffing.

EU pauses methane penalties to secure energy supply amid crisis. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

Reuters: EU waives penalties for oil and gas firms that breach methane lawThe European Commission instructed EU governments to waive penalties for three years for oil and gas…

Traders fear that they’re going to need to permanently price in instability in the Strait of Hormuz as shortages loom and Asian demand heats up.

European natural gas prices rise to a four-month high amid Middle East tensions. Crude oil reaching a new all-time high by September 30 at 6.2% YES.

De Europese gasprijzen stegen in de afgelopen zeven handelsdagen met meer dan 20 procent en bereikten bijna het hoogste niveau sinds half maart. De oplopende spanningen in het…

Another flare-up in the Middle East, combined heat waves during the peak tourism season and Europe’s push to replenish natural gas reserves before winter is driving a new wave of…