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Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch

Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch Samantha Dart, co-head of global commodities research at Goldman Sachs, began the week by telling Bloomberg TV that the global diesel-supply crunch is "what keeps her up at night." She followed up Wednesday with a client note warning that European natural gas storage levels are also lagging the seasonal average ahead of the winter heating period. Benchmark TTF futures have fallen 7% this week to about 54 euros per megawatt-hour, but Dart maintained her 60-euro balance-of-third-quarter forecast. She noted that...
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Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route
Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route Via Middle East Eye Saudi Arabia wants to replace Israel with Syria as the transit country for a fiber-optic cable designed to connect the kingdom to Greece through the Mediterranean Sea, two regional officials familiar with the project told Middle East Eye. Saudi Arabia's insistence that it be connected to Greece through Syria, and not Israel, as previously discussed, underscores how regional alignments are shifting as Riyadh looks to bolster Damascus’s standing in the region and potentially isolate Israel. via AFP Saudi Arabian Crown Prince Mohammed bin Salman has...
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