Section
Commodities
European gas prices reach highest level since 2022
European natural gas prices surged to a nearly four-year high of €87.20 per megawatt hour due to geopolitical tensions involving Russia and Ukraine, Middle East…
Diesel prices decline amid Trump ‘energy ceasefire’ post
President Trump announced an “energy ceasefire” between Russia and Ukraine alongside the partial lifting of sanctions on Russian diesel exports, leading to a modest drop…
Jet fuel sinks on hopes of Gulf export resumption
Jet fuel prices have dropped significantly as a tentative US-Iran ceasefire deal raises expectations for resumed Middle Eastern exports through the Strait of Hormuz. This…
Shipping industry struggles to source bunker fuel after Iran war hits supplies
The conflict involving the US, Israel, and Iran has caused major disruptions in bunker fuel supply, forcing ships to endure long delays and reroute to…
Jet fuel sinks on hopes of Gulf export resumption
Jet fuel prices have dropped sharply as traders expect Middle Eastern exports to resume following a US-Iran ceasefire deal that will reopen the Strait of…
Traders shrug off Iran crisis as oil prices remain becalmed
Despite heightened tensions around Iran, global oil prices have fallen sharply from their peak and remain below initial worst-case forecasts following a preliminary U.S.-Iran agreement.…
Oil falls back after surging to $126 on supply fears
Global oil prices surged to highs not seen since early 2022 before dropping sharply amid fears of prolonged supply disruptions caused by escalating US-Iran tensions…
Trump social media transformed oil trading in Mideast conflict, argues Citadel
Citadel's head of commodities, Sebastian Barrack, reported that oil price volatility surged by about 300% during the Middle East conflict, driven largely by then-President Trump's…