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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
04-03-2022

Space Heating Without Oil, Gas Feasible in Germany by 2035, Says Study
Europe’s declining security situation and rising fossil fuel prices are driving calls for independence from gas.
Natural Gas
04-03-2022

Ukraine Is Stopping Exports, but Not Transit of Natural Gas
Ukraine has stopped exporting natural gas since midnight, the Ukrainian news agency Ukrinform reported, citing a statement from the Ukrainian gas operator.
Natural Gas
04-03-2022

Russia: Gas Pipeline to China Still Proceeding
Russia’s Gazprom said it is still actively working on the Soyuz Vostok pipeline that would ship natural gas to Mongolia.During a working meeting between Alexei Miller, chairman of the Gazprom Management Committee, and S. Amarsaikhan, deputy prim
Crude Oil
04-03-2022

Japan to Release 7.5 Mil Barrels Oil From Private Reserves in IEA's Joint Efforts
Japan expects to release 7.5 million barrels of oil from privately held reserves.
Oil Price
04-03-2022

Petrol, Diesel Price Hikes Expected to Restart from Next Week
Petrol and diesel price hikes are likely to resume after state elections get over next week to bridge the Rs 9 a litre gap created by international oil prices soaring past USD 100 a barrel.
Natural Gas
04-03-2022

No Challenge in Selling from Russian Oilfields, Says ONGC
Oil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that are aimed at non-energy sectors.
Natural Gas
04-03-2022

L.A. Gas Price Average Surges Past $5, a Record High
Ellina Abovian reports for the KTLA 5 Morning News at 11 on March 3, 2022.
Natural Gas
04-03-2022

Gas Prices in Europe Hit Record High Amid Supply Concerns
The gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped early on Thursday in Amsterdam to trade at $221.
Natural Gas
04-03-2022

New Pipelines Carrying Natural Gas Plant Liquids Increase Natural Gas Processing
Several of these recent infrastructure projects were dedicated to transporting a mix of natural gas plant liquids (NGPLs), which are produced at natural gas processing plants from raw natural gas streams.
LNG
04-03-2022

Japan’s Niihama LNG Terminal Starts Operations
Japanese joint venture Niihama LNG has launched terminal operations, starting with an LNG delivery to Japanese firm Sumitomo Chemical for use as a feedstock and an in-house generation fuel at its Ehime power plant in the western Setouchi region.
Crude Oil
04-03-2022

Clean Energy Broke Records in 2021 but Still Can’t Catch up with Oil and Gas
The US is way off track from meeting clean energy goals.
Crude Oil
04-03-2022

Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intelligence firm Rystad Energy shows.
Crude Oil
04-03-2022

Russia’s Oil Exports Are Plunging Even Without Sanctions
While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are reluctant to do business with Russia.
Natural Gas
04-03-2022

Brazil 2021 Gas Demand up 29pc as Thermal Jumps
Brazil's domestic natural gas consumption rose last year by 29pc, boosted by the expansion of thermal power generation, according to data from Brazilian gas distributors association Abegas.
Natural Gas
04-03-2022

Russian Gas Via Yamal Pipeline Halts Flows to Germany
Natural gas flows from Russia to Germany via the Yamal pipeline stopped in the westward direction on Thursday, according to data from the Gascade pipeline operator cited by Reuters.
Natural Gas
03-03-2022

European Gas Rally Continues with Focus on Sanctions on Russia
European natural gas surged for a fourth day as the market continues to focus on sanctions on Russia in response to its invasion of Ukraine.
United Kingdom
03-03-2022

Jump in Energy Prices Leaves Price Cap Predictions at Over £2,900 a Year
Wednesday’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall Insight now predicting the cap will rise in October to over £2,900 a year for an average user.
United Kingdom
03-03-2022

Energy Costs Extremely Volatile After Russia Invades Ukraine
Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb to 24 Feb - only to fall again on 25 Feb, before rebounding on 28 Feb.
Crude Oil
03-03-2022

U.S. Crude Oil Production Unchanged Last Week: EIA
U.S. crude oil production averaged 11.6 million barrels per day (b/d) during the week ending Feb. 25, unchanged from the previous week, U.S. Energy Information Administration (EIA) said Wednesday.
Oil & Gas Supply
03-03-2022

Oil, Gas Demand Eemains Robust
Although the demand for petroleum products and gas remained robust in the domestic economy and households of Pakistan, the output of crude oil and gas from domestic fields has declined, enhancing the nation’s reliance on expensive imported fuels.
Oil Price
03-03-2022

Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap
OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply shortage exists, as the Ukraine crisis sends crude prices soaring.OPEC+ ministers are scheduled
Crude Oil
03-03-2022

Russian Urals Differentials Weaken $6.805/b Day on Day to New Record Low
Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes it toll on the crude’s value.
Oil & Gas Trade
03-03-2022

Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions
Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been stalled due to sanctions over Ukraine.
Oil & Gas Supply
03-03-2022

U.S. Crude, Fuel Stocks Dwindle as Buyers Grab from StorageX
U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer prices to secure supplies.
Crude Oil
03-03-2022

Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources
Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, including Rosbank, Unicredit and Raiffeisen, five people familiar with the matter told Reuters.

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