LNG
Qatar LNG Supply Gap: About 30 Cargoes Missing Before End-2026, and Who Pays
The Qatar LNG supply gap will cost Pakistan, India and Italy about 30 cargoes by end-2026. Spot gas costs twice the contract price; South Asia pays…
Sector
Markets
In-depth Markets analysis from Entelera.
Oil & Gas
BP Sum of the Parts: Why a Breakup Looks Best at the Top of the Refining Cycle
The BP sum of the parts now shows downstream earning almost as much as oil and gas. That makes a breakup tempting, but the timing could…
Energy InsightOil & Gas
Phillips 66 results: Q3 2026 profit hits $5.6bn as refining margins soar
Phillips 66 earned $5.6bn, or $14.08 a share, in the third quarter of 2026, up from $3.8bn in the second quarter. Its realised refining margin rose…
Energy InsightOil & Gas
Brent crude holds near $115 as Houthi refinery claim and US–Iran strike fears lift oil
Brent crude settled 1.3% higher at $115.32 a barrel on Wednesday after the Houthis claimed a missile strike on Saudi Arabia's Ras Tanura refinery. Prices eased…
Energy InsightOil & Gas
Equinor Q3 2026 results: $12.35bn operating income, production guidance raised to 4%
Equinor reported third-quarter 2026 adjusted operating income of $12.35bn and raised its 2026 production growth guidance to about 4%. Adjusted earnings per share of $1.20 missed…
Oil & Gas
Aramco Spot Crude for Europe: Why Saudi Pricing Now Puts Market Share First
Aramco spot crude is back in Europe at a discount, and Asia got the widest OSP cut since 2020. Saudi pricing now aims to win back…
Energy InsightOil & Gas
Brent crude rebounds to $115 after fire near Saudi Arabia’s Ras Tanura hub
Brent crude climbed back to about $115 a barrel on Wednesday after a fire near Aramco's Ras Tanura hub. Prices had fallen almost $2 on Tuesday…
Energy InsightOil & Gas
OPEC+ set to keep December oil output targets unchanged at 1 November meeting
Seven core OPEC+ members are expected to keep their December output targets unchanged when they meet online on Sunday, 1 November, sources told Reuters. No final…
Oil & Gas
India Diesel Exports: How 16.5mn Tonnes of New Output Makes India a Swing Supplier
India diesel exports should jump from 2027 as state refiners add 16.5mn tonnes a year, or ~0.34 mmbbl/d, of diesel output into a tight market.
Oil & Gas
Brent Forecast at $110: How Much of Today’s Price Is Risk Premium?
UBS lifted its Brent forecast to ~$110 from $100. Set against a derived pre-war price of ~$73, about a third of today's price is war risk.