16/06/2025 – Israel-Iran war: energy infrastructure involvement and fears over possible closure of the Strait of Hormuz push up gas prices – Read more news
ITALIA: The Ravenna terminal is preparing to put regasification capacity up for tender until the thermal year 2044/2045. 48 annual slots are planned to be put up for sale. Meanwhile, the latest short-term auctions have seen little interest, with only one landfill slot booked between the last days of June and early July
OIL:The volatility on crude prices remains high, able to test again the 78 $/bbl during the Asian trading before a new correction. The extension of the conflict also to energy infrastructure has shifted the focus on the possible closure of the Strait of Hormuz, a transit area of about 20% of the global daily demand for crude oil. However, there are several factors that make it difficult to block the navigation in the area, although the increase in insurance costs could still be a factor to be taken into account on the trend of prices in the short term
OIL:The volatility on crude prices remains high, able to test again the 78 $/bbl during the Asian trading before a new correction. The extension of the conflict also to energy infrastructure has shifted the focus on the possible closure of the Strait of Hormuz, a transit area of about 20% of the global daily demand for crude oil. However, there are several factors that make it difficult to block the navigation in the area, although the increase in insurance costs could still be a factor to be taken into account on the trend of prices in the short term
