Global Energy Market Shifts
EU sanctions stall threatens Russian oil caps while Middle East tensions ease crude prices and African gas flaring persists amid rising US energy costs.
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- UPDATEEU stalls on 21st sanctions package, leaving Russian oil price cap expiry in limbo
Failure to finalize the bloc's latest measures against Moscow risks letting the crude price cap lapse on July 15, adding uncertainty to global supply constraints.
- MARKETRussian equities extend slide as MOEX and RTS indices post fresh losses
Selling pressure persisted in Moscow on Friday, with the ruble-denominated MOEX Index dropping 1.88% and the dollar-denominated RTS Index falling 2.82%, continuing a multi-month bearish phase.
- MARKETLNG (LNG)
▲ 4.93% close $256.26 from $244.22
- EVENTOil prices may cap at $80/bbl through summer as Middle East tensions ease
Implementa research director Maria Belova sees a $70-80 range for crude if the diplomatic trend holds, contrasting with S&P Global’s higher $80-90 H2 forecast.
- MARKETLNG (LNG)
▲ 3.27% close $242.84 from $235.15
- MARKETNigeria, Libya, Algeria flared over 25bcm of gas in 2025 amid power shortages
Persistent flaring across North and West Africa highlights the gap between rising production and domestic infrastructure, keeping regional gas markets structurally constrained.
- DATAIran war costs US $40bn as energy inflation hits record highs
A preliminary deal with Tehran arrives as new data reveals the conflict has driven US household energy bills up by $447 on average, fueling the fastest consumer price acceleration in three years.