Saudi spare capacity, shale hopes keep oil prices in check – but for how long?
The oil market is on tenterhooks as the conflict in the Middle East escalates, with much hinging on Israel’s next move in response to Iran’s recent missile attack. While oil prices have risen, the market remains surprisingly calm, despite the looming threat of supply disruptions.
EU supervisors for markets, energy step up cooperation
To preserve financial stability , EU supervisory agencies for energy markets and for financial markets on Tuesday said they will intensify their cooperation and improve their exchange of information, seeking to avoid potential market abuse in Europe’s energy and derivatives markets.