US crude and fuel stockpiles fall last week – EIA said
U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.5 million barrels in the week ending June 14 to...
View ArticleMed crude-Urals differentials stable, Indian demand seen strong
Urals crude oil differentials to dated Brent were steady on Thursday, while cargoes of the grade loading in July were mostly headed for India, traders said. Indian refiners were actively buying Urals...
View ArticleEuropean diesel futures hit two-month high against Brent crude, LSEG data shows
Prompt European diesel futures settled at their highest premium to Brent crude in around two months at $20.63 a barrel on Wednesday, LSEG data showed, as lower local production and imports have...
View ArticleEIA: Our estimated rate of U.S. natural gas vented or flared declined in 2023
We estimate the annual reported volume of natural gas that is vented or flared in the United States declined to 0.5% of gross withdrawals in 2023, based on preliminary state and federal data. We...
View ArticleWestwood Insight – Top 10 offshore drillers catch the wave of rising demand
The global offshore drilling rig fleet of jackups, semisubmersibles (semisubs) and drillships kept busy in 2023, returning more rigs to work and delivering several formerly stranded newbuilds that had...
View ArticleThe Commodities Feed: Oil market shows signs of tightening
Energy – Russian gas supply concerns ease Oil prices continued to edge higher yesterday and with Brent nearing $86/bbl, it is up more than 10% since the start of the month. Strength in timespreads has...
View ArticleOil prices set for second week of gains on signs demand improving
Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand and falling oil and fuel inventories in the U.S., the world’s biggest oil consumer....
View ArticleNorway May oil, gas output down but beats forecast
Norway’s natural gas output fell in May but still beat an official forecast, while crude oil production also exceeded expectations despite overall lower volumes, the Norwegian Offshore Directorate...
View ArticleEquinor awarded two new CO2 storage licenses in the North Sea
Equinor has been awarded the operatorships for the development of two new CO2 storages in the North Sea. The new licenses are important building blocks for developing the Norwegian Continental Shelf...
View ArticleEurope Gasoline/Naphtha-Gasoline cracks edge down in thin trade
Northwest European gasoline refining margins slipped on Thursday to $12.12 a barrel as no cargoes traded hands and products stocks dropped in Northwest Europe. No Eurobob E5 or Eurobob E10 traded on...
View ArticleNorth Sea Crude-Some grades rise, WTI steady
Some North Sea crude differentials rose further on Thursday, supported by continued demand from trading firms Trafigura and Gunvor, while U.S. WTI Midland was steady. PLATTS WINDOW * Indications are on...
View ArticleEU agrees new sanctions on Russia, targeting LNG for the first time
Belgium, France and Spain are the main entry points for Russian LNG. The European Union agreed on Thursday to slap a new raft of sanctions against Russia, targeting for the first time supplies of...
View ArticleUS offers $850 mln in grants to clean up oil sector methane emissions
The U.S. government opened up on Friday competitive bidding that will close on Aug.26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a...
View ArticleMiddle East Crude-Dubai, Oman ease for third day; Murban edges up
Middle East benchmarks Dubai and Oman slipped for a third consecutive session on Friday, while Murban premium inched higher in contrast. All benchmarks averaged below $1 a barrel in June so far,...
View ArticleOil prices hold near 7-week high on signs of improving US demand
Crude oil prices held near a seven-week high on Friday as the market balanced signs of improving U.S. demand and falling oil and fuel inventories versus a stronger U.S. dollar. Brent futures rose 4...
View ArticleOil eases as stock build raises spectre of slower US demand
Oil prices dipped on Thursday as a surprise build in U.S. stockpiles fuelled fears about slow demand from the world’s top oil consumer, though declines were capped by worries a potential expansion of...
View ArticleUS energy transition faces ‘pivotal moment’ in 2024 election
The US’ energy transition has shifted into a higher gear under President Joe Biden, highlighted by the vast proliferation of solar arrays, wind farms and battery storage facilities across the country’s...
View ArticleGlobal LNG market remains in fragile equilibrium on limited supply, IGU says
The global liquefied natural gas (LNG) market has a new found, but fragile equilibrium, following two years of volatility, due to lack of spare supply in the near-term, the International Gas Union...
View ArticleA mountain of asset sales loom after oil megamerger era
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears...
View ArticleOil up on Middle East supply worries, higher US stocks curb gains
Oil prices rose on Thursday as war in the Middle East kept stoking supply concerns, while an unexpected uptick in U.S. crude and gasoline capped price gains. Brent crude oil futures were up 92 cents,...
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