EU Commission spokesperson says EU to hold new meetings of its oil and gas co-ordination groups; oil coordination group to meet on Wednesday, gas group on Thursday
The EU's initiative to convene oil and gas coordination groups indicates a proactive approach toward managing energy prices amid ongoing volatility.
Chevron (CVX) says export of Tengiz crude oil continues uninterrupted
Northrop Grumman (NOC) to deliver Hungary’s first geostationary communications satellite, scheduled for delivery in 2030
EU Commission spokesperson says EU to hold new meetings of its oil and gas co-ordination groups; oil coordination group to meet on Wednesday, gas group on Thursday
[MARKET UPDATE] Crude futures rise in a delayed reaction as reports that Kharg island was targeted does the rounds; upticks in the DXY, downticks in UST futures, modest downside across stock futures
Power outages in parts of Karaj, western Iran, following explosions, according to Iranian media
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- Adds that EU is working on toolbox to lower energy prices
This suggests potential supply-side strategies may be discussed, which could impact market sentiment and pricing in both oil and gas sectors, particularly if the 'toolbox' they mention includes measures that could alleviate current price pressures.
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