Natural gas storage — especially well-sited storage with lightning-fast deliverability rates — is taking on a new significance (and value) as LNG export facilities and power generators seek to manage their often-volatile gas demand. But […]
China’s onshore oil inventories have fallen, signaling a potential increase in international market purchases. Beijing’s oil consumption and reserve levels are key to global price trajectories, with moderate restocking expected due to economic struggles. While […]
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 […]
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%, […]
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: […]
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 […]
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. […]
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 […]
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 […]
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 […]
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