Global Energy Markets Struggle Amid Gas Price Surges, Supply Disruptions, and OPEC+ Uncertainty
European natural gas prices have jumped nearly 45% this year, driven by cold weather forecasts and U.S. sanctions on Gazprombank, a key Russian financial entity. Northwest Europe is experiencing its first notably cold winter since 2021, with temperatures below the 30-year average, causing gas inventories to drop to 87.7% of capacity. LNG (liquefied natural gas) […]
Oil Drops 2% as Trump Win Shakes Up U.S. Election
Oil prices declined by up to 2% on Wednesday after experiencing gains in the previous two days. This drop was mainly influenced by a notable surge in the U.S. dollar following projections that Republican Donald Trump had won the U.S. presidential election, defeating Democrat Kamala Harris. This projected outcome, which implies significant potential shifts in […]
