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HomeStorage

Storage

Energy Crisis

EU dips further into emergency gas reserves

January 10, 2024 Stu Turley

Supplies of natural gas in the EU’s underground storage facilities continue to shrink as cold weather is forcing more fuel to be used for heating, Interfax reported on Tuesday. Gas inventories in the EU, one […]

Crude Oil News

Oil falls on massive US fuel inventory builds

January 5, 2024 Mariel Alumit

Yahoo Finance (Reuters) –Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, […]

Crude Oil News

Biden Plans to Buy Some Oil for the Emergency Reserve, But Not Too Much

December 14, 2023 Mariel Alumit

IER Key Takeaways 1:After draining 180 million barrels of oil to get gas prices down before the 2022 elections, President Biden is beginning to add small amounts of oil to the Strategic Petroleum Reserve. 2: […]

Crude Oil
Crude Oil News

Speculative Funds Continue to Move Towards Short Side of Crude Oil

November 16, 2023 Mariel Alumit

Speculative funds have continued to move towards the short side of crude oil markets, analysts at Standard Chartered noted in a new report sent to Rigzone this week. “Money-manager shorts across the four main Brent […]

Crude
Crude Oil News

U.S. crude oil inventories increase by 3.6 million barrels

November 16, 2023 Mariel Alumit

Weekly Crude Oil Storage as of November 10, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week.  […]

Europe
Energy Crisis

Europe Taps Record-High Natural Gas Storage As Temperatures Drop

November 13, 2023 Mariel Alumit

Authored by Tsvetana Paraskova via OilPrice.com, Traders have begun withdrawing natural gas from Europe’s record-high inventories this week as the weather turned colder and heating demand rose. The gas storage sites in the EU were […]

Big Oil Companies

Daily Energy Standup Episode #246 – China-Russia Gas Agreement, Southeast Asia’s LNG Peak, Mideast War Impact, BP Exit, and Canadian Deal

November 7, 2023 Andy Del Prado

Daily Standup Top Stories China, Russia Intensify Efforts to Expedite New Gas Route Supply Agreement November 6, 2023 Mariel Alumit (MENAFN) China National Petroleum Corporation (CNPC) Vice President, Xie Jun, has disclosed that Russian energy giant […]

Asia
International News

Southeast Asia’s LNG investments predicted to peak by 2040: Study

November 6, 2023 Mariel Alumit

More natural gas facilities than ever will be firing in Southeast Asia almost two decades from now, according to a report by Singapore-based research firm Asia Research & Engagement (ARE). Led by Thailand, Indonesia and Singapore, the region currently […]

ENB Rig Count
Crude Oil News

U.S. crude oil inventories increase by 0.8 million barrels

November 2, 2023 Mariel Alumit

Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week.  […]

Natural Gas

Weekly Gas Storage: Inventories increase by 74 Bcf

October 27, 2023 Mariel Alumit

Working gas in underground storage, Lower 48 states Historical Comparisons Stocksbillion cubic feet (Bcf) Year ago(10/20/22) 5-year average(2018-22) Region 10/20/23 10/13/23 net change implied flow Bcf % change Bcf % change East 908 896 12 […]

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