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Finance & Markets

UBS raises European gas price targets on Gulf LNG disruptions

UBS raises its natural gas price forecasts for Europe through 2027, citing extended disruptions to liquefied natural gas exports from the Gulf region and tighter storage levels across the European Union. The firm now forecasts Title Transfer Facility prices at €75 per megawatt-hour, or $25 per million British thermal units, in the fourth quarter of ...

hellenicshippingnews.com ·1h ago

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US fuel production and supply rise in October

The US has produced 8% more fuel oil per day on average in October so far compared to September, according to the Energy Information Administration (EIA).

US fuel production rose 8% in October compared to September
Fuel oil production increased to 374,000 b/d in October
US fuel oil stocks expanded by 825,000 barrels in October

1h ago ·hellenicshippingnews.com

ASIA CRUDE MOC PERFORMANCE: 5.5 mil barrels change hands for Sep loading

Market participants in the Platts Middle East crude Market on Close assessment process have completed the physical performance of 5.5 million barrels of Oman crude for loading in September, according…

1h ago ·hellenicshippingnews.com

US LNG may lose competitive edge as gas prices climb, Fulcrum CEO says

US liquefied natural gas projects face a competitiveness challenge as domestic natural gas prices continue to rise, according to Fulcrum LNG CEO Jesus Bronchalo.

1h ago ·hellenicshippingnews.com

Oil prices dip after Trump says no Iran attack before midterms

Oil prices fell on Friday as markets dialed down fears of worsening Middle East supplies after U.S. President Donald Trump said there would be no new attacks on Iran before the midterm elections.

1h ago ·hellenicshippingnews.com

Copper Rises Amid Supply Disruptions

Copper futures climbed toward $6.60 per pound on Thursday, recovering from the previous session’s losses as supply disruptions in top producer Chile lent support to prices.

Copper prices hit near $6.60 per pound amid supply disruptions
Chilean unions' strike threatens Antofagasta's production
US tariff uncertainty influences copper market dynamics

1h ago ·hellenicshippingnews.com

Freight Up 50%, Mills Won’t Pay: Brazil’s Small Miners Squeezed From Both Ends, So Why Won’t Vale Cut?

On 29 September, CSN Mineração issued a material fact announcing a temporary cut in iron ore output at the dry processing plant of its Pires Complex in Ouro Preto, Minas Gerais, citing current market…

Brazil's small miners face higher freight costs and lower ore prices.
Freight rates peaked at USD 43.38/t on September 23 due to Middle East conflict.
Steel mills experience negative margins due to tight coking coal supply.

1h ago ·hellenicshippingnews.com

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