Europe Archives -

Goldman Sachs hikes European gas price forecast on Hormuz disruption

July 21, 2026

(Investing) – Goldman Sachs has raised its near-term forecast for European gas prices, flagging a slower-than-expected recovery in Persian Gulf liquefied natural gas (LNG) exports amid ongoing tensions in the Middle East. Goldman Sachs analyst Samantha Dart said she now assumes Persian Gulf LNG exports will normalize in October, pushed back from a previous estimate of July. The delay reflects continued

Europe gas prices jump to 4-month highs on Hormuz blockade threat

July 17, 2026

(Investing) – European wholesale natural gas prices surged on Friday, touching their highest levels in nearly four months as intensifying military exchanges between Washington and Iran stoked fears over a potential closure of the Strait of Hormuz, threatening a critical chokepoint for global liquefied natural gas (LNG) flows. The front-month Dutch TTF gas contract, the European benchmark, climbed to 55.65 euros per

EU moves to delay methane rule penalties for oil and gas imports

July 14, 2026

(World Oil) – The European Union’s executive arm wants to adopt recommendations next week delaying penalties on energy imports that fail to comply with the bloc’s controversial methane emissions regulation. Disagreements over the regulation—which targets emissions of the potent greenhouse gas within the EU and imposes new requirements on fossil fuel importers—have intensified after the U.S., Qatar and other gas-producing nations

BP weighs North Sea exit under new CEO

July 9, 2026

(Oil Price) – BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first

Drone attack cuts output at Kazakhstan’s Karachaganak oil field

June 26, 2026

(World Oil) – Kazakhstan’s giant Karachaganak oil and gas field cut crude production by more than a quarter after a drone attack forced the shutdown of a processing plant in Russia that handles its gas. Karachaganak, one of Kazakhstan’s three largest hydrocarbon projects alongside Tengiz and Kashagan, accounts for about 10% of the country’s oil production. Because the field produces crude

CanCambria Energy to Host Investor Update Webcast on Kiskunhalas Project and Recent Strategic Developments

June 23, 2026

(Oil & Gas 360) – Investor webcast scheduled for June 30, 2026, at 1:00 p.m. PDT. Vancouver, BC – June 23, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that Dr. Paul Clarke, President and Chief Executive Officer, will host an investor webcast via Zoom on June 30, 2026,

Shrinking oil inventories raise fears of prolonged energy crisis

May 28, 2026

(Oil Price) – Global oil inventories are fast approaching a critical point, with Asia the first facing “minimum operational levels” and Europe close behind. This is the latest in a growing series of warnings from industry experts about the state of oil supply and the prospects of a severe shortage. It seems the world is running out of time to avert

EU warns energy prices will stay elevated through 2027

May 22, 2026

(Oil Price) – Top EU officials said Friday that oil and gas prices are expected to remain elevated through at least the end of 2027, with the fallout from the Iran war likely to keep pressure on inflation and economic growth. Speaking after a meeting of eurozone finance ministers in Cyprus on Friday, EU Economy Commissioner Valdis Dombrovskis said higher energy costs are

TotalEnergies eyes $100M+ stake sales in European solar and wind portfolio

May 22, 2026

(Oil Price) – TotalEnergies is considering selling 50% of some of its solar and wind assets in Europe as part of its strategy to partner with other companies in operating and monetizing its clean energy portfolio, Bloomberg reported on Friday, quoting anonymous sources with knowledge of the plans. The France-based oil and gas supermajor, which has been developing a global renewable energy

European natural gas prices drop amid hopes for U.S.-Iran peace deal

May 7, 2026

(Investing) – European natural gas prices retreated on Thursday, as investors kept tabs on ongoing efforts to forge a deal to end the Iran war. By 08:04 ET (12:04 GMT), the benchmark Dutch front-month contract at the TTF hub had edged down by 0.2% to 43.82 euros per megawatt hour, according to ICE data. The British front-month contract also fell by 0.4%

Trader or driller? Iran war exposes Big Oil’s transatlantic divide: Bousso

April 30, 2026

(BOE Report) – European oil majors’ first-quarter profits were lifted by bumper trading gains as the Iran war upended supply chains, underscoring how the ability to shift barrels around the world can sometimes trump pumping them out of the ground. BP, Shell and TotalEnergies have spent years building vast oil trading machines that now sit at the heart of their business – setting

EU warns energy crisis from Iran war could last years

April 29, 2026

(Oil Price) – The new energy crisis triggered by the Middle East conflict could hurt European consumers and industries for years, European Commission President Ursula von der Leyen said on Wednesday. “Our shared goal is now to see a lasting end to the war,” von der Leyen told the European Parliament in a speech today. “But there is also a harsh reality

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