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Energy Sector News – Wednesday, July 30, 2025: Brent Surpasses $70; Europe Accelerates Gas Injections Before Winter

... significantly below last year’s peaks. This is supported by relatively cheap oil (around $70 compared to >$100 a year ago) and successful redirection of refined product imports: the EU has established stable diesel supplies from the Middle East, Asia, and ... ... market's sight: an extension of the tariff truce would reduce risks for the global economy and support demand for energy resources. Financial Markets and Economy: Macroeconomic data (inflation levels, interest rate trends, industrial growth rates) will influence ...