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U.S. crude stockpiles fall to lowest since January 2020 -EIA

04: 22 PM

U.S. crude stockpiles last week fell to their lowest since January 2020 as imports and production dropped, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.1 mill […]

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Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

04: 21 PM

Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude oil prices pushing back past $75 a barre […]

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Russia second to US by average daily oil production in January-May 2021 — statistics

04: 20 PM

Russia was second in oil production after the United States in January-May 2021, the state statistics service Rosstat reported on Tuesday. Russia was producing 10.18 mln barrels of oil per day in M […]

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UK GAS-Prices rise on lower Norwegian, domestic flows

04: 20 PM

British wholesale gas prices rose on Wednesday morning, as Norwegian and domestic flows were reduced due to outages. The day-ahead contract was up 2.00 pence at 98.00 p/therm by 0805 GMT The Septem […]

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Review of federal oil, gas leasing program being ‘finalized internally

04: 19 PM

A highly-anticipated review by the Interior Department of the federal oil and gas leasing program is undergoing final internal review and should be released “very soon,” Interior Secretary Deb Haala […]

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Brent/Dubai September EFS spread widens; India seeks more arbitrage crude

04: 19 PM

The front-month Brent/Dubai Exchange of Futures for Swaps, or EFS, spread widened in midmorning Asia trade July 28 while India issued another spot tender to satiate its growing crude appetite. The S […]

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Summer’s Gasoline Recovery Could Fizzle On Rising Infection Cases

04: 17 PM

The summer rebound in global fuel demand could be turning into a slowdown, as analysts expect gasoline consumption to taper off due to resurgent coronavirus cases and structural changes in commuting […]

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LNG price recovery spurs investment in race against carbon targets

04: 17 PM

The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for ga […]

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