Iran reports major new gas reserve discovery in Fars province amid war-hit energy sector
Iran has said it discovered more than 200 billion cubic metres of natural gas in the southern province of Fars, in a development announced as the country's energy system remains under strain from months of attacks. Petroleum Minister Mohsen Paknejad said on state television that more than 160 billion cubic metres could potentially be recovered from the field. He described the gas as sweet natural gas, meaning it contains very little hydrogen sulphide and is therefore cheaper to develop and operate.The announcement was made on Sunday and comes months into a wider Middle East war that has damaged Iran's energy... [Continue Reading]
360LiveNews | 23 Aug 2026 21:59 LONDON
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Nigeria sees gas opening as Iran war strains global markets
Nigeria says the war involving Iran has tightened global natural gas markets and created an opening for the country to expand its own production. The issue was set out by Ekperikpe Ekpo, Nigeria's minister of state for petroleum resources, who said the disruption could strengthen Nigeria's position as a major gas supplier. He pointed to plans linked to the Nigeria-Morocco gas pipeline and to wider efforts to attract investment.Ekpo said Nigeria wants to expand gas production and increase liquefied natural gas exports, with Europe identified as a key market. He also said the country is seeking to position its LNG... [Continue Reading]
360LiveNews | 23 Aug 2026 17:33 LONDON
Europe closes mixed as FTSE 100 outperforms while DAX, CAC and Euro Stoxx 50 slip on a commodity-led risk rotation
Executive summary: European equities ended the session mixed, with the FTSE 100 finishing higher while the DAX, CAC 40 and Euro Stoxx 50 all closed lower. The move came alongside a sharp bid in gold, silver, platinum, Brent crude and natural gas, plus a weaker euro and firmer pound. Ether also surged, underscoring a broader risk-on move in select alternative assets even as continental stocks lost momentum. [Continue Reading]
360LiveNews Markets Intelligence | 21 Aug 2026 16:45 LONDON
Tokyo and Asia-Pacific Close Mixed as Nikkei Slides, Gold and Ether Surge
Executive summary: Asia-Pacific trading ended sharply mixed, with Japan’s Nikkei 225 and Nikkei ETF leading losses while Hong Kong and South Korea posted solid gains. The standout moves were in hard assets and crypto, as gold, silver, platinum and Ether all rallied strongly, alongside firmer WTI crude and natural gas. The yen strengthened modestly against the dollar, while the Australian dollar-based ASX 200 slipped. [Continue Reading]
360LiveNews Markets Intelligence | 21 Aug 2026 07:45 LONDON
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