Taiwan to take 30% of Alaska LNG output, Trump says, sticking to cheaper oil call
Trump said Taiwan agreed to buy 30% of Alaska LNG gas and invest $4.4bn, as he again predicted lower oil prices and an imminent end to the Iran war.
Trump said Taiwan agreed to buy 30% of Alaska LNG gas and invest $4.4bn, as he again predicted lower oil prices and an imminent end to the Iran war.
Goldman believes European gas prices could overshoot its 70-euro forecast; low storage and falling Mideast LNG exports might push winter TTF near 105 euros.
Oil settled mixed, Brent near $106, after booms reported near Aramco's Dhahran HQ; OPEC trimmed 2026 demand growth forecast.
Crude oil futures rose 0.43%, or $0.40, to settle at $94.14 as Middle East tensions and shipping risks kept traders wary.
European stocks mostly fell as Middle East tensions kept oil elevated. US existing-home sales edged above forecasts.
Hackers heated French supermarket fridges, spoiling food and sparking fires; officials are investigating, and similar attacks are hitting Asia.
Oil slipped overnight, giving back some gains, as Middle East tensions persisted and US-Iran talks stalled. Technical levels and events ahead are noted.
Goldman Sachs says Russian diesel exports will do little to prices; releasing 50 million barrels from European reserves could cut wholesale diesel by $11.
NAB's September business confidence index dropped to -13 and conditions held at -1, pressured by oil swings and interest rate rises.
Saudi Arabia is weighing a gas-line conversion that would add 1.2 million bpd of crude exports within weeks, with port capacity at Yanbu a key constraint.
Crude oil prices surged to their highest since late September, driven by Middle East tensions and a technical breakout above key resistance.
European trading was subdued with US bond markets closed for Columbus Day; oil rose more than 1%, the dollar held firm and gold slipped.
The Nasdaq could see near-term weakness as traders hedge before Wednesday's US CPI report, with US-Iran tensions and earnings also in focus.
Crude oil prices rose again on doubts about a Russia-Ukraine energy ceasefire and a prolonged US-Iran standoff.
OPEC slashed its oil demand growth forecast for this year to 400,000 bpd from 1.4 million bpd, while Middle East supply risks kept Brent above $105 and WTIβ¦