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Keywords: Energy market
Morocco currently has petroleum stocks covering between 40 and 60 days of consumption, according to Energy Transition and Sustainable Development Minister Leila Benali, as authorities step up monitoring of the domestic energy market amid international uncertainty. Benali said the available reserves......
The United States’ Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, with crude oil stocks declining to 283.8 million barrels last week, according to data from the US Department of Energy. The figure represents the lowest inventory recorded since October 1982. The......
A potential US restriction on diesel exports could initially ease domestic diesel prices but eventually push gasoline prices higher, according to an analysis by Goldman Sachs, highlighting the complex effects that an export ban could have on the US refining system and global fuel markets. The scenario......
Around 60 commercial vessels crossed the Strait of Hormuz on Wednesday, carrying approximately 22 million barrels of oil, according to a US official who spoke to Reuters on condition of anonymity. The reported volume represents the largest daily crude flow through the strategic waterway since early July,......
European Union gas storage facilities were around 70% full on September 23, highlighting the progress made ahead of the winter season while remaining below last year’s level and exposing significant differences between member states. Data from Gas Infrastructure Europe (GIE) showed that EU storage......
Gas storage facilities across the European Union have passed the 70% filling mark, but inventories remain significantly below levels typically recorded at this point of the year, highlighting the challenges facing the bloc as it prepares for the 2026–2027 heating season. Data from Gas Infrastructure......
American diesel has reached a historic milestone. The average price per gallon hit $6.2694 on Tuesday in the United States, according to data from the American Automobile Association (AAA), amid ongoing tensions in the Middle East and disruptions related to attacks on Russian energy infrastructure. The......
The International Energy Agency (IEA) has lowered its forecast for global oil demand growth as the continuing conflict in the Middle East disrupts production, trade flows and energy markets. The revision reflects growing uncertainty over economic activity and fuel consumption as geopolitical tensions......
The average price of diesel fuel in the United States has risen above $6 per gallon for the first time, marking a new record as higher crude oil prices and growing geopolitical tensions put additional pressure on the American energy market. According to fuel price tracking data, the sharp increase comes......