EU Commission Spokesperson says European oil and gas supply groups are to meet on Thursday 12th to discuss the Middle East situation
Newsquawk Staff ·
EU Commission Spokesperson says European oil and gas supply groups are to meet on Thursday 12th to discuss the Middle East situation.
What it means
The scheduled meeting of European oil and gas supply groups to discuss the Middle East situation could signal potential volatility in energy markets. Given the ongoing geopolitical tensions, this gathering may affect supply forecasts and pricing, especially for WTI and natural gas. Traders should keep a close eye on any resulting changes in policy or sentiment that could impact the broader commodities landscape.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield
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