Rystad Energy
Coverage of Rystad Energy in the Nexus archive.
- OPEC+ tipped to raise production again but new quotas loom
OPEC+ members including Saudi Arabia and Russia are expected to increase oil production quotas for September by 188,000 barrels per day, according to an analyst at Rystad Energy. The increase is likely to be the last in the current series of adjustments amid disruptions from the Middle East war.
- Record heat gives way to winter gas fears in Europe, Asia as Iran war rages on
Record heatwaves in Europe and Asia are shifting concerns to winter gas shortages due to Qatari LNG outages and high summer demand, leading to price spikes and storage deficits. European gas prices are surging, with spot prices over seven times U.S. levels, while Asian nations face potential grid failures and competition for limited LNG supplies.
- Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
Conflicts in the Persian Gulf, Red Sea, and Black Sea are disrupting oil and refined product supplies, with Iran-backed Houthi rebels targeting the Bab el-Mandeb Strait and Ukraine attacking Russian oil infrastructure. Refined fuel shortages are worsening due to depleted global stockpiles, causing sharp increases in crack spreads between oil and fuel prices.
- From Syria to UAE, the race to bypass Strait of Hormuz is on
The Middle East is investing in pipeline projects to bypass the Strait of Hormuz amid geopolitical tensions over control of energy flows. Experts note significant financial commitments to rewire oil transportation routes as Iran seeks dominance and the US counters its influence.
- From Syria to UAE, the race to bypass Strait of Hormuz is on
Middle Eastern countries are investing in new pipelines to bypass the Strait of Hormuz amid tensions over control of energy flows. Saudi Arabia, UAE, and Iraq are developing infrastructure projects to reduce reliance on the strategic chokepoint, while Kuwait and Bahrain face vulnerabilities due to geographic dependence on the strait.
- The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices
The potential collapse of a US-Iran ceasefire has caused oil prices to rise to their highest level in weeks, raising concerns about renewed fuel price increases. Tanker traffic through the Strait of Hormuz has stalled, and the US Strategic Petroleum Reserve is at its lowest level since 1983, amplifying market anxieties.
- The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices
The US-Iran ceasefire is at risk, causing oil prices to rise and fueling concerns about higher fuel costs. Tanker traffic through the Strait of Hormuz has stalled, and U.S. gasoline prices have increased slightly, though they remain below recent peaks. Experts warn that depleted emergency oil reserves limit options to stabilize prices.
- The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices
The potential collapse of a US-Iran ceasefire has increased anxiety over rising fuel prices as oil prices hit a multi-week high following attacks on commercial ships and military sites. Tanker traffic through the Strait of Hormuz has halted, amplifying geopolitical risk, while gasoline prices edged higher amid concerns over disrupted oil flows.
- The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices
The potential collapse of a US-Iran ceasefire has caused oil prices to rise, fueling concerns about increased fuel costs. Tanker traffic through the Strait of Hormuz has halted, and the US Strategic Petroleum Reserve is at its lowest level since 1983, reducing options to stabilize prices.
- Oil prices hit three-month low over US-Iran truce
Oil prices fell to a three-month low as Wall Street anticipates a US-Iran peace deal, with major banks lowering price forecasts. Natural gas relief may follow if Qatar increases LNG production, though shipping challenges remain. Analysts note a shift from acute disruption to managed geopolitical risk, but some question Wall Street's optimism amid political tensions.
- Oil prices hit three-month lows on US-Iran agreement
Oil prices fell to three-month lows as the US and Iran agreed to end a US blockade of Iranian ports and reopen the Strait of Hormuz. Analysts note ongoing challenges in restoring normal oil flows despite improved market sentiment.
- Oil prices drop to cheapest level since early days of Middle East conflict
Crude oil prices dropped nearly 13% as markets anticipate a deal to end the war with Iran, with Brent crude at $83 and West Texas Intermediate at $80. The deal, expected to reopen the Strait of Hormuz, involves President Trump, Iranian leaders, and Pakistani negotiators, aiming to ease global oil supply disruptions and reduce inflationary pressures.
- Gas prices won't return to pre-war levels any time soon
Gas prices are unlikely to return to pre-war levels anytime soon, even if a US-Iran peace deal is reached. The average US price for regular gasoline was $4.54 per gallon on Wednesday, compared to just under $3 pre-war. Prices may take until early/mid 2027 to recover.
- Oil Starting to See Demand Destruction, Rystad Energy Says
Rystad Energy reports that oil is starting to see demand destruction. This indicates a decrease in oil demand due to various factors. The exact causes of this demand destruction are not specified in the article.
- UAE leaves OPEC to pursue "accelerated" production
The United Arab Emirates has exited OPEC after over 50 years, citing a need to align with its long-term energy strategy and increased domestic production capacity. The move weakens OPEC's ability to manage oil supply and prices, as the UAE is the group's third-largest producer. Experts suggest the decision reflects shifting geopolitical alliances and market dynamics.