As tensions in the Middle East escalate, futures prices fall; employment data is on tap
U.S. Stock Index Futures fell on Wednesday, as geopolitical tensions and a port strike in the United States kept investors on edge before data that was expected to shed some light on the state of the economy and its monetary policy trajectory.
EUROPE GAS-Prices drop on profits and mild weather
Dutch and British wholesale prices of gas fell on Tuesday due to profit-taking after recent gains, a comfortable stock position and forecasts for mild weather. LSEG data show that the benchmark front…
The price of gasoline in Europe is rising due to concerns about Middle East tensions
Dutch and British wholesale prices of gas edged up on Monday morning due to concerns about the Middle East conflict escalation. Israel is increasing its attacks on Lebanon and Yemen. However, strong…
Libya's NOC Warns of Dangers at Oil Ports
The chairman of Libya's National Oil Corp (NOC) on Saturday warned against the risk of a disaster at the country's oil ports due to a growing military presence with storage tanks held at capacity for…
Lebanon Postpones Offshore Licensing Round Again
Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing the effects of the COVID-19 pandemic and the decline in oil prices.Lebanon…
New Offshore Acreage Licensing to Drop 60% in 2020, Rystad says
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics…
Oil Jumps After US Kills Iran's Soleimani
Oil prices jumped more than $3 on Friday after a U.S. air strike in Baghdad ordered by President Donald Trump killed the head of Iran's elite Quds Force, sparking concerns for an escalation of regional…
Lebanon Delays Petrol Tender
Lebanon's energy ministry delayed a fuel tender by one week on Monday to allow for more competition as it seeks to stave off supply shortages during the worst economic crisis in decades.The ministry is trialing a state tender for 150…
KCA Deutag Names Elkhoury CEO
Drilling and engineering contractor KCA Deutag has appointed a new chief executive Joseph Elkhoury, as current boss Norrie McKay prepares to retire. McKay will remain with the group in an advisory capacity until December 31…
Lebanon Announces Offshore Blocks
Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders.Offshore energy…
BP Partners with Eni For Exploring Oman Block
British multinational oil and gas company BP and Italian oil and gas giant ENI have signed a heads of agreement with the Ministry of Oil & Gas of Oman to explore Block 77 in central Oman.In addition…
Lebanon 2nd Offshore Licensing Announced
The Ministry of Energy & Water in Lebanon together with the Lebanese Petroleum Administration announced via their website the recommended blocks for bidding during the Lebanese 2nd licensing round…
U.S. Allows Eight Jurisdictions to Keep Buying Iran Oil for Now
The United States said on Friday it will temporarily spare eight jurisdictions from U.S. Iran-related sanctions, allowing them to keep importing Iranian oil after U.S. economic penalties come back into effect on Monday.U.S.
Lebanon Begins Offshore Oil & Gas Exploration
Lebanon's search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France's Total , Italy's Eni and Russia's Novatek. Energy…
Lebanon Prepares for Second Offshore Oil and Gas Licensing Round
Lebanon's energy minister said on Tuesday he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.Lebanon in February signed its fi
Lebanon Will Use Energy Block Disputed by Israel
Lebanese Energy Minister Cesar Abi Khalil vowed on Friday there would be full exploration in offshore energy Block 9, part of which lies in waters disputed by neighbouring Israel. Lebanon said on Friday…
Eni/Total Find NatGas off Cyprus
Italy's Eni and France's Total have discovered a promising natural gas field off Cyprus, Eni said on Thursday, saying the find looked geologically similar to the mammoth Zohr field off Egypt. Further…
Israel Seeks Diplomatic Solution to Med Gas Spat with Lebanon
Israel seeks a foreign-mediated diplomatic resolution with Lebanon over a disputed Mediterranean gas field, the Israeli energy minister said on Wednesday after a surge in hostile rhetoric between the enemy countries.
Lebanon Vows to Protect Maritime Borders from Israel
Lebanon vowed to protect its maritime borders from Israeli threats, Energy Minister Cesar Abi Khalil said on Wednesday. "Lebanon will use all available methods to fend off the Israeli aggression that was announced today…
Israel, Lebanon Argue over Offshore Block, Beirut Slams 'Threat'
Israel described as "very provocative" on Wednesday a Lebanese offshore oil and gas exploration tender in disputed territory on the countries' maritime border, and urged international firms not to bid.
