... pressure from oversupply and demand slowdown, shows signs of growth at the start of the new week—the prices of benchmark Brent are rising towards the upper limit of $60 per barrel (approaching the $70 mark), reflecting a fragile balance of factors. The European gas market maintains high inventory levels: underground gas storage (UGS) facilities in the EU are over 90% full, providing a solid reserve ahead of winter. However, against the backdrop of ongoing uncertainty, gas prices have risen for the first ...

... $69 per barrel after a recent price decline due to OPEC+’s decision to increase production and signs of weakening demand. European gas storage facilities continue to fill rapidly, now surpassing 71% of total capacity, mitigating fuel shortage risks ... ... Demand and Seasonal Factors. The global summer travel season maintains heightened demand for gasoline and jet fuel in leading economies (the U.S., China, Europe). Despite local signs of weakness—such as the lowest gasoline consumption figures in May ...

... restrictions. Although Europe sources much of its enriched uranium from allies and maintains a diverse supplier base, the restriction could still impact the market by driving up global uranium prices and increasing competition for alternative supplies. European nations reliant on nuclear energy as part of their energy mix—such as France, Germany, and other countries—may see the cost of nuclear fuel rise as the market reacts to reduced Russian exports. This price pressure could lead European countries ...

... key energy consumers are under pressure. The Trump administration in the USA has imposed import duties against several major economies (EU, China, India), cooling business activity. According to the latest OPEC report, in 2025, global oil demand will ... ... as of late summer hit a 12-year low. By winter, Ukraine's gas needs have surged, forcing it to urgently procure fuel through European intermediaries. Thus, Ukraine’s energy system is currently dependent on the goodwill and capabilities of neighboring ...

... to oversupply and weakening demand, is showing signs of recovery at the beginning of the new week – the price of benchmark Brent crude has risen sharply towards the psychological mark of $70 per barrel, reflecting a fragile balance of factors. The European gas market, despite record gas reserves in storage, is facing rising prices ahead of autumn, as traders factor in risks of potential shortages, remembering last year's crisis. Simultaneously, the global energy transition is gaining momentum – ...