Keywords: Energy market
The Organization of the Petroleum Exporting Countries (OPEC) has revised its expectations for global oil demand growth, lowering its forecast for 2026 while adopting a more optimistic outlook for the following year. In its latest monthly report, OPEC estimated that global oil demand will increase by......
French wholesale electricity prices surged by more than 20% on Tuesday as an intense heatwave increased demand for cooling while tightening power supply, according to LSEG data. Day-ahead electricity prices rose 20.5% to €141 per megawatt-hour, reflecting growing pressure on the French power market......
India's fuel consumption climbed to its highest level in four months during July, reflecting resilient domestic energy demand despite mixed performance across individual petroleum products. New data released by the country's Petroleum Planning and Analysis Cell (PPAC) showed total fuel consumption......
European natural gas prices rose sharply in July 2026, reaching their highest level since the beginning of 2023 as supply concerns and strong seasonal demand continued to influence the region's energy market. According to recent market data, the average price of natural gas increased significantly......
Motorists in Morocco are facing another increase in fuel prices after distributors raised the cost of both diesel and gasoline by one dirham per litre, reinforcing an upward trend that began in mid-July following several weeks of declining prices. The latest adjustment took effect late on August 2,......
Drax Group posted a significant decline in first-half earnings as lower wholesale electricity prices reduced returns from its biomass power generation business. The British energy company reported adjusted core profit of £279 million for the six months ending 30 June, down 39% from £460......
U.S. refiner HF Sinclair delivered a stronger-than-expected second-quarter performance, benefiting from improved refining margins and increased demand for American fuel exports amid ongoing geopolitical tensions in the Middle East. The Dallas, Texas-based energy company reported adjusted earnings of......
Several regions in Russia continue to face fuel supply difficulties, with the situation particularly challenging in parts of Siberia, according to Deputy Prime Minister Alexander Novak, as authorities work to stabilize the domestic energy market. Russian news agencies cited Novak as saying on Saturday......
Egypt is negotiating long-term liquefied natural gas (LNG) supply agreements with major international energy companies as the country seeks to secure additional fuel supplies amid rising domestic demand and tighter global gas markets. Sources familiar with the discussions said Egypt is looking to purchase......
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