Norwegian PM says European talks around setting a gas price cap are an unwise approach to take to the situation
Newsquawk Staff ·
Norwegian PM says European talks around setting a gas price cap are an unwise approach to take to the situation.
What it means
The Norwegian PM's comments suggest a potential shift in Europe's energy discourse, indicating resistance to a gas price cap policy. This stance may complicate negotiations within the EU and could lead to heightened tensions in energy markets, particularly affecting gas prices and related assets. Traders should watch for vulnerabilities in European energy stock valuations and potential shifts in supply robustness.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions
Related headlines
- Senior Ukrainian official says the ceasefire in Oleshky will last until November 1st19 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade13 hours ago
- Eni (ENI IM) CEO says it is too early to seek additional partners for Venezuela's Perla gas field19 hours ago
- [MARKET ANALYSIS] Crude benchmarks off highs after the Ras Tanura-related upside; Saudi alerts continue, OPEC+ seen holding December output20 hours ago
- Vietnam's government is considering cutting special consumption tax on gasoline to zero5 hours ago
- US President Trump says he is terminating Biden's methane regulations5 hours ago
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln9 hours ago
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports12 hours ago
- US President Trump says he is travelling to a rally in Corpus Christi, Texas, where the US will receive 1mln barrels of Venezuelan oil as a result of the military operation, followed by the biggest oil deal in the history of the world13 hours ago
- Iran and Belarus sign memorandum on energy cooperation, reports IRNA14 hours ago
- Maersk (MAERSKB DC) is temporarily introducing an emergency inland fuel and energy surcharge on all inland transport cargo in Northern Europe until further notice, with electric trucks and rail solutions exempt15 hours ago
- Tanzania announces discovery of 23bcf of estimated natural gas reserves in Mnazi bay18 hours ago
- Russian President Putin says global gas prices have risen sharply but could also fall sharply, RIA reports; Putin proposes that gas-exporting countries cooperate to optimise fuel supply routes, TASS reports19 hours ago
- Russian Deputy PM Novak says a fourth tanker carrying Russian diesel is expected to arrive in the US on October 28th, Interfax reports; says Russia can reroute and sell all its gas supplies elsewhere if Europe rejects them, TASS reports19 hours ago
- Qatar extends force majeure on LNG cargoes to Italy's Edison (EDNR IM) until the end of December, Reuters reports20 hours ago