Russia's pipeline gas supplies to the EU rose by 5% (0.4 bcm) in the first half of 2026, according to the IEA. However, supplies are expected to decrease in H2 due to import restrictions.
The International Energy Agency (IEA) forecasts a 4% decline in Middle East gas demand by 2026, marking the first drop since 1993. This contraction is attributed to damage to production facilities and reduced output from gas-intensive industries caused by the ongoing military conflict.
Saudi TASI index rose 0.2% to 10982 points, with Aramco and Al Rajhi leading gains. Meanwhile, global markets focus on the Putin-Xi summit for economic and geopolitical implications, and Asian demand for Australian gas rises amid supply concerns.
