18/08/2026 – The end of the fifth summer heat wave is approaching, with temperatures set to drop sharply starting Thursday – Read More News

GAS & POWER: The expiration of the Memorandum—with the parties having reached neither a preliminary agreement nor even shown a willingness to renew it—is supporting commodity prices this morning, which are extending the gains recorded in the first trading session of the week. The situation regarding the Strait of Hormuz remains at a standstill, with Tehran, on the one hand, having revived ongoing negotiations with Oman—though without specifying a timeline—while, on the other hand, the United States has threatened the Sultanate over agreements made outside of its oversight; the American network Fox News reported the possibility that the U.S. military could drag Muscat into the conflict as well.

Chevron’s Wheatstone LNG terminal in Australia—with an annual capacity of 8.9 million metric tons—will undergo scheduled maintenance from October 7 to November 19, with up to two liquefaction trains simultaneously offline. This news adds uncertainty to supply from the Pacific region just as Asia is replenishing its winter storage. In a market already marked by growing competition for LNG cargoes—with Europe attempting to rebuild historically low storage levels and Asian markets preparing for winter—the temporary reduction in Australian capacity could keep the Asian price premium high, further limiting the diversion of cargoes to the continent.