Browsing: energy market

In July, the growth rate of consumer prices in Belgium unexpectedly accelerated, reversing a recent deceleration and placing additional financial strain on households and businesses. The national statistical agency Statbel released official figures Thursday indicating that Belgium’s annual inflation rate topped forecasts, climbing to 3.56 percent in July from 3.40 percent in June. This notable rise outpaced the 3.37 percent forecast published by the Federal Planning Bureau, fueled by persistent increases in costs related to utilities, recreation, and transportation. The consumer price index increased by 0.63 percent month-on-month, reaching 103.60 points from 102.95 points in June.

Brent crude closed at $74.16 while WTI settled at $70.44, with oil markets tracking Iranian oil rules and Strait of Hormuz shipping.

ADNOC Gas posted record Q3 2025 earnings of 1.34 billion dollars with strong domestic gas EBITDA and higher volumes supporting year to date income growth and stable returns.

Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production.

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on…