UAE is to complete the construction of a new West-East pipeline project in 2027, Bloomberg reports
Newsquawk Staff ·
UAE is to complete the construction of a new West-East pipeline project in 2027, Bloomberg reports.
What it means
The completion of the UAE's new West-East pipeline in 2027 could signify a substantial shift in regional supply dynamics, impacting both oil and gas markets. Investors should consider how this expansion might alter transportation costs or availability for other producers, which may influence energy prices and feed into broader inflation expectations. Keep an eye on related commodities and potential geopolitical ramifications, particularly for countries reliant on Middle Eastern energy supplies.
Sources
- Venezuela’s oil minister says crude production has reached 1.2mln BPD
- Russia Deputy PM Novak says Russia has eased its ban on diesel exports, allowing shipments of 500K tonnes in October; adds that the domestic market would continue to be supplied
- Iran's Chief of Staff of the President says despite the blockade of the southern ports, where 75% of the country's imports were made, the amount of imports has decreased by only 25%, ISNA reports
- Iraqi PM says Iraq aims to gradually raise oil production to 10mln BPD by 2032
- CRUDE WRAP: WTI (Z6) SETTLES USD 3.80 HIGHER AT USD 103.27/BBL; BRENT (Z6) SETTLES USD 3.55 HIGHER AT USD 116.72/BBL
Related headlines
- GOP House Representative introduces a bill to block Russia oil imports2 hours ago
- US Baker Hughes Gas Rig Count (Oct/23) 132 (Prev. 133)3 hours ago
- Germany’s oil stockpiling agency EBV issued a tender on Friday to sell diesel, heating oil and crude oil from its strategic reserves, according to a document 4 hours ago
- US DoE has authorised an emergency of exchange of up to 400k barrels of crude oil from the SPR, to address crude oil supply disruption that is affecting Phillips 66 Lake Charles refinery (264k BPD) within Louisiana6 hours ago
- UAE Environment Ministry says a tanker oil spill is impacting beaches in Umm al-Quwain17 hours ago
- Japan government considers cutting gasoline subsidies from December, according to officials19 hours ago
- US President Trump says will release USD 150 mln to increase US refining capacity19 hours ago
- US President Trump invokes Defense Production Act for petroleum capacity and waives Section 303 rules to expand oil capacity1 day ago
- QatarEnergy in advanced talks to with Venture Global (VG) to purchase at least 3mln metric tonnes of LNG per year, according to reports1 day ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.32 HIGHER AT 99.47/BBL; BRENT (Z6) SETTLES USD 4.35 HIGHER AT USD 113.17/BBL1 day ago
- Russian Cabinet says gasoline and diesel production has increased on the Russian market and stocks are being formed, TASS reports; Deputy PM Novak notes positive dynamics in the Russian fuel market1 day ago
- Qatar said it is looking for more LNG deals outside the Middle East1 day ago
- US EIA Natural Gas Stocks Change (Oct/16) 77Bcf vs. Exp. 79Bcf (Prev. 67Bcf)1 day ago
- Goldman Sachs still sees upside risks to its year-end benchmark forecast for Dutch TTF gas of EUR 70/MWh1 day ago
- Gazprom is ready to resume gas supplies to Europe if there is a desire on its part, Tass reports1 day ago