02/05/2025 – Gas storage: German government approves draft to reduce storage target to 70% – Read more news

GAS & POWER: Several maintenance activities are expected to affect European regasifiers in the coming weeks: the French terminal at Montoir, with a regasification capacity of 11 bcm/year, will remain off-line from 10 to 24 May, while Zeebrugge, in Belgium, will operate at 50% between 11 and 21 May. The German terminal in Wilhelmshaven will also see its capacity limited again after last weeks' interventions, with about 45% less from 5 May to 7 June

OIL: New US sanctions against Iran on the one hand and China's openness to official talks on tariffs on the other supported crude prices this morning, after concrete possibilities of a new relaxation of production cuts by the OPEC+ group had pushed quotations back below the $60/bbl mark in the past 24 hours