Qatar

QatarEnergy sharply cut the term cost for alShaheen petroleum loading in January, trade sources said on Friday, in line with a current fall in Middle East area premiums. The January term rate was up to 73 cents a barrel above Dubai quotes, the sources stated, down for a second straight month and at a multi-month low. The sources decreased to be named as they are not authorised to consult with the media. The term cost for December freights was at a premium of $ 1.93 a barrel. For its January tender, QatarEnergy offered 5 cargoes at premiums between 40 and...

Most stock markets in the Gulf increased in early trade on Thursday in line with Asian shares as financiers mulled the ramifications of a Donald Trump presidency. Trump was elected president, topping a remarkable comeback 4 years after he was voted out of the White Home and ushering in a brand-new American leadership likely to evaluate democratic organizations at home and relations abroad. Saudi Arabia's benchmark index got 0.4%, with Al . Rajhi Bank rising 1.5%, while oil huge Saudi Aramco. innovative 1.8%. In Other Places, Al Moammar Details Systems Co. advanced 2.7%, a day after the firm signed a...

Major stock exchange in the Gulf were mixed in early trade on Tuesday on weakening oil even as stress intensified in the area and as financiers braced for thirdquarter incomes. Saudi Arabia's benchmark index dropped 0.1%, struck by a 0.9% fall in ACWA Power and a 0.6% fall in the nation's most significant loan provider, Saudi National Bank. Somewhere else, oil giant Saudi Aramco relieved 0.4%. Oil costs - a catalyst for the Gulf's financial markets - slid as much as $3 to a near two-week low throughout Asian trade on the back of a weaker demand outlook and after...

Most stock exchange in the Gulf were subdued in early trade on Wednesday with dispute in the Middle East the most pressing concern, although the Qatari index was buoyed by Qatar National Bank. An escalation of fighting in Lebanon and the ongoing one-year-old war in between Israel and Hamas in Gaza has actually raised fears of a wider Middle East conflict. The decline in Gulf markets started after Iran launched a. missile barrage on Israel on Oct. 1. Israel has actually sworn to. strike back and is weighing its alternatives, with Iran's oil. centers considered a possible target. Saudi Arabia's...

The majority of significant stock markets in the Gulf climbed in early trade on Thursday, in line with Asian shares, supported by news of aggressive financial stimulus from China, although geopolitical stress in the area restricted the benefit. China's central bank on Tuesday unveiled its biggest stimulus considering that the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target. Driving the optimism was a main readout from a meeting of China's politburo that said the country would deploy necessary fiscal costs to fulfill this year's economic development target of roughly 5%. Saudi...

South African petrochemicals company Sasol and state power utility Eskom stated on Friday they had actually consented to jointly explore ways the country could use melted gas (LNG). As the nation's two most significant users of coal, Sasol and Eskom are significant polluters therefore are main to the nation's. efforts to transition to cleaner energy sources. Eskom is wanting to build on a current enhancement in its. plant performance, after years of imposing power cuts. The cooperation intends to identify the possible volumes. that South Africa requires to develop a viable LNG import. market in addition to the making it...

Major stock markets in the Gulf increased in early Thursday trade after a lot of reserve banks in the region cut their essential interest rates following a larger than typical policy easing by the U.S. Federal Reserve. The Fed cut its benchmark rate by 50 basis points (bps) on Wednesday, with policymakers seeing another half a portion point fall by the end of this year. Saudi Arabia's benchmark index acquired 0.4%, with Al . Rajhi Bank rising 1.1%. The kingdom, the area's greatest economy, cut its. redeemed arrangement (Repo) rate and reverse repo rate by 50 bps. each to 5.5%...

Russia on Sunday rejected a report that Ukraine's attack on the Kursk region had actually derailed indirect talks with Kyiv on halting strikes on energy and power targets, stating there had been no talks with Kyiv about civilian infrastructure facilities. The Washington Post reported on Saturday that Ukraine and Russia were set to send delegations to Qatar this month to negotiate a landmark arrangement halting strikes on energy and power facilities on both warring sides . The Post said the agreement would have amounted to a. partial ceasefire however that the talks were hindered due to Ukraine's attack on Russian...

Significant stock exchange in the Gulf were mixed in early trade on Tuesday ahead of a multitude of information being released this week, including U.S. inflation, that will help hone views on the Federal Reserve's next moves and on oil need concerns. Markets are evenly split between a cut of 25 bps and 50 bps at the next conference in September. Traders are pricing in an overall of 100 bps of cuts this year. U.S. producer price data for July, due later in the day, might feed through to the core personal consumption (PCE). procedure favoured by the Fed. Monetary...

The majority of Gulf stock markets rose in early Wednesday trade, on course to extend their return from an aggressive selloff in international stocks previously in the week set off by worries of a possible U.S. recession. U.S. Federal Reserve policymakers pushed back on Monday against the idea that weaker than anticipated July tasks data ways that the economy is in a recessionary freefall. Markets are pricing in a 65% opportunity of the Fed cutting rates of interest by 50 basis points in September, the CME FedWatch tool shows, compared to 85% a day earlier. Monetary policy in the six-member...

The majority of major stock markets in the Gulf increased in early trade on Tuesday, assisted by positive profits, while financiers looked for additional signs that the U.S. Federal Reserve might start to cut interest rates as soon as September. Dubai's primary share index got 0.4%, with blue-chip developer Emaar Properties rising 0.8%,. while Emirates Integrated Telecom advanced. 1.5%, following a sharp rise in second-quarter incomes. In Abu Dhabi, the index added 0.1%. The United Arab Emirates hopes to reactivate trade talks. with the European Union by the end of the year, the UAE trade. minister said on Monday, and...

(The opinions revealed here are those of the author, a writer for .) Asia's imports of melted gas (LNG) are anticipated to dip somewhat in June from May, with strength in India holding up the top-buying region's hunger for the super-chilled fuel. Asia is on track to import 23.18 million metric tons of LNG in June, down a touch from May's 23.55 million, but up 8.9% from the 21.28 million from June in 2015, according to information compiled by commodity experts Kpler. The largely steady outcome in June from the previous month shows the little change in arrivals to China...

Shell, BP, Aramco and Glencore are among nearly 2 lots companies Bangladesh has authorized as suppliers of area liquefied natural gas (LNG) as it looks for to boost competition and cut costs, the nation's top energy authorities informed Reuters. Bangladesh's spot market was previously controlled by Vitol, Gunvor and Excelerate Energy, said Muhammad Fouzul Kabir Khan, the country's de facto energy and power minister. However after the ousting of Prime Minister Sheikh Hasina in August, the interim government is relocating to an open instead of personal tender. The nation of 171 million people, which made its very first LNG import...

The designer of a Texas melted gas export task on Wednesday asked U.S. regulators for a threeyear extension to finish build the $ 10 billion Golden Pass LNG task, pointing out scheduling uncertainties. Golden Pass LNG, a joint venture of QatarEnergy and Exxon Mobil building an 18 million metric lot per yearly LNG export project on the Texas coast, composed that a modification in primary professionals requires an extension until November, 2029. Exxon and QatarEnergy this month stated the task startup would be delayed till late next year. The existing approval expires in November 2026 and the request indicates a...

LONDON, May 30 - Dutch and British gas rates edged lower on Thursday morning as a relieving in maintenance caused increased flows from Norway and warm temperatures suppressed demand. The benchmark front-month contract at the Dutch TTF hub inched down by 0.18 euro to 33.70 euros per megawatt hour (MWh) by 0801 GMT, while the July agreement slipped 0.23 euro to 33.90 euros/MWh, according to LSEG information. In the British market, the day-ahead agreement was down 1.25 pence at 81.00 pence per therm. Temperatures increase over the weekend and remain above ( seasonal) normal up until a minimum of completion...

LONDON, May 29 - Dutch and British wholesale gas rates were rangebound on Wednesday early morning as maintenance outages in Norway reduced and supply rebounds. The benchmark front-month agreement at the Dutch TTF center inched up by 0.21 euro to 33.76 euros per megawatt hour (MWh) by 0917 GMT, while the July contract edged up by 0.01 euro to 33.89 euros/MWh, according to LSEG data. In the British market, the June contract was 0.08 pence greater at 80.85 pence per therm. There isn't a clear instructions at the moment. Norwegian supply is healthier however demand isn't that strong, a gas...

May 27 - Dutch wholesale gas rates increased on Monday morning as better gas flows from Norway and windier weather projections failed to settle nerves over larger supply issues. The benchmark front-month contract at the Dutch TTF center was up 0.63 euros at 34.38 euros per megawatt hour ( MWh) at 0907 GMT, according to LSEG data. The July agreement was up 0.60 euros at 34.75 euros/ MWh while the day-ahead contract got 0.15 euros to 34.43 euros/MWh. The British market was closed on Monday since of a. legal holiday. Gas seems to be in a bullish trend given that...

LONDON, May 23 - British and Dutch wholesale gas prices rose on Thursday early morning due to concerns around supply and a. drop in wind power output from tomorrow. In the British market, the front-month contract. was 3.90 pence higher at 86.70 p/therm by 0945 GMT, while the. July rate increased by 5.41 pence to 84.40 pence/therm,. LSEG data revealed. Overall Norwegian exports to Britain are down by 26 million. cubic metres (mcm) at 32 mcm/day as volumes have actually been re-routed. to continental Europe. UK gas-for-power demand is forecast to increase for the day. ahead by 22 mcm to...

LONDON, May 22 - Dutch wholesale gas costs rose on Wednesday to a four-month month high on concerns that Russia could stop gas streams to Austria's OMV. The benchmark front-month contract at the Dutch TTF hub was up 0.98 euro at 33.90 euros per megawatt hour (MWh). by 11.16 GMT, according to LSEG information. The contract previously struck an intra-day high of 34.11. euros/MWh, its greatest level given that January. In the British market, the front-month agreement. was 2.85 pence higher at 82.20 p/therm. The OMV news has included tinder to currently smouldering. cinders offered where we are with the...

Energy storage group VTTI will get a 70% stake in Italy's biggest liquefied gas ( LNG) terminal, with grid operator Snam owning the rest, the Milanlisted group stated on Wednesday, announcing a. deal to be finalised by yearend. Snam, which is controlled by the Italian government, stated in. a declaration it had actually exercised its pre-emption right to increase. its stake in the facilities dubbed Adriatic LNG to 30% from. 7.3%. The move comes after ExxonMobil and QatarEnergy last. week consented to sell their stakes in the terminal to a consortium. led by Dutch group VTTI. It verifies what 2...

Interruption to shipping in the Red Sea area will impact QatarEnergy's. deliveries of liquefied natural gas (LNG) but not its. production, CEO Saad alKaabi said on Monday. It's just going to take longer to get it there. However it will. not reach a point where we have to stop production because there. isn't any ship. We're alright, Kaabi stated at a groundbreaking. ceremony at the Ras Laffan petrochemical complex. Kaabi added that ships needing to divert away from the Red. Sea and travel around Africa rather was not perfect as this added. expense and took longer. One of the world's...

Golden Pass LNG, a joint endeavor between QatarEnergy and Exxon Mobil, on Thursday said it was in continuous talks with a contractor that might have nearterm impacts on activity at its site, but it did not inform any specialist to send out workers home. The joint endeavor is building a 2.4-billion cubic feet per day melted natural gas (LNG) export plant in Texas, which is slated to start up next year. Calendar 2025 gas futures fell to $3.15. per million British thermal systems (mmBtu) previously in the. session, their lowest since February 2022, due in part to a. media report...