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MNI Gas Weekly: Middle East Conflict Remains in Focus

Executive Summary:

  • European Gas Benchmarks remain elevated as the market anxiously awaits Israel’s retaliation against Iran.
  • Asia’s LNG market is taking stock of geopolitical risks, while Chinese buyers prepare for a return to winter procurement.
  • In the Middle East, energy facilities across the region could be at risk from any further escalation.
  • Henry Hub has lost ground this week as Hurricane Milton could disrupt power demand
  • In Latin America, Brazil continues its buying bonanza as hydro production falters.

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    Executive Summary:

  • European Gas Benchmarks remain elevated as the market anxiously awaits Israel’s retaliation against Iran.
  • Asia’s LNG market is taking stock of geopolitical risks, while Chinese buyers prepare for a return to winter procurement.
  • In the Middle East, energy facilities across the region could be at risk from any further escalation.
  • Henry Hub has lost ground this week as Hurricane Milton could disrupt power demand
  • In Latin America, Brazil continues its buying bonanza as hydro production falters.

  • Keep reading...Show less