Gas

Europe is set to enter the winter with its lowest gas reserves in 13 years. With storage levels at only 63% in late August, experts warn of increased price volatility during the heating season.

Insider movements are always interesting. It is customary to say that when insiders sell, there can be a variety of reasons for this, and it does not necessarily indicate that they think the stock is unattractive. Conversely, when insiders increase their holdings in their company, it can certainly be a sign that the stock is interesting.

A stormy day in the Israeli energy market: NewMed is launching the first gas survey in Israel in years and returning to search for oil under Leviathan; quarterly profit jumped to $117 million. Expansion of production capacity boosted Tamar Petroleum's revenues to $87 million in the second quarter. Econergy secured huge financing of 229 million euros for the construction of a solar and storage...

Israel and several Gulf states are negotiating new oil and gas transport routes to bypass the Strait of Hormuz and the Bab el-Mandeb Strait amid the ongoing war with Iran.

Egypt faces a UAV attack on two gas tankers at the port of Damietta, occurring amid Cairo's concerns over shipping security in the Bab el-Mandeb Strait. Egyptian authorities are investigating, while the incident remains largely absent from local media headlines.

Julius Baer estimates that the surge in oil prices is mainly due to geopolitical tensions, but believes it is a temporary move on the path to resuming negotiations, rather than a crisis that will spiral out of control.