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The Marked Chart Wire · Energy
Qatar Energy
The CEO of Qatar Energy stated that the country is purchasing US liquefied natural gas and discussing deals with other suppliers. These moves aim to create a trading hedge against potential future disruptions in the Strait of Hormuz.
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HotLNG Supply
Anatol Feygin, Cheniere's chief commercial officer, stated that European nations must secure 69 million metric tons of additional LNG this winter by diverting shipments from Asia.
Oil Reserves
The Netherlands has released the final 700,000 barrels of oil products to the market.
Natural Gas
The US Energy Information Administration reported a natural gas storage build of 80 billion cubic feet, exceeding the previous week's 77 billion and the expected 71.6 billion.
Diesel Supply
A government representative stated that France is reducing required diesel inventories to release more product into the market.
Iran
Leading oil firms from the Gulf are moving to build up their crude inventories in Asia while the war with Iran persists.
Oil Prices
TotalEnergies expects fourth-quarter crude prices to exceed $100 per barrel and LNG to top $14 per Mbtu. The company also projects production growth of over 3 percent excluding Middle East impacts.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.