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The Marked Chart Wire · Energy
Iran
Leading oil firms from the Gulf are moving to build up their crude inventories in Asia while the war with Iran persists.
Part of a series: Iran conflict costs rise as diplomacy stalls
New to this? Read: Reading a stock chart
Iran
Futures briefly crossed the 100 euro mark per megawatt hour, a level unseen since late 2022. Costs have risen sharply since the Iran conflict, adding over 100 billion euros to the region's import bill.
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.
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.
Diesel Supply
A government representative stated that France is reducing required diesel inventories to release more product into the market.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.