(Bloomberg) Brent crude rose to a high of $88.13 a barrel, its highest level since October 2014, as markets priced for supply tightness due to escalating tensions in the United…
(Bloomberg) Gazprom’s exports of gas in the main markets fell to the lowest since 2015 in January 2022, with European legislators calling for answers on the short fall. Gazprom exported…
(EIA) US crude inventories were 413.3 million barrels in the week that ended January 7, down by 4.6 million barrels from the previous week. The fall in the inventories takes…
(Bloomberg) Daiwa Capital Markets analyst Dennis Ip projects record low polysilicon prices in 2023, amid several projects coming up in China to address shortage. IP’s comments come when China is…
(EIA) US crude oil inventories plunged by 2.1 million barrels in the week that ended December 31 to 417.9 million barrels. Following the plunge, the crude inventories are now 8%…
(FT) The government of Kazakhstan resigned on Wednesday after protesters marched in cities declaiming against high fuel prices despite the country ranking as the world’s largest uranium producer. An economic…
(OPEC+) OPEC+ has approved the 400,000 barrel a day increase in oil output scheduled for February, citing improved global outlook. OPEC+ cite rising traffic and factory activity in major Asian…
(Reuters) Oil prices expanded gains on Tuesday, with Brent crude trading close to $80 per barrel despite the increased spread of the Omicron variant, attributable to supply outages. Brent crude…
(Bloomberg) Japan has offered to release about 630,000 barrels of strategic oil reserves between March and June, with more sales to follow in a bid to curb rising prices. Japan’s…
(Bloomberg) Ten large American LNG cargoes and twenty more tankers are heading to Europe to satisfy natural gas demand whose scarcity has led to soaring prices. Looming winter shortage has…
(EIA) Crude oil inventories in the US for the week that ended December 17 was 423.6 million barrels, down by 4.7 million barrels from the previous week. The crude imports…
(EIA) Commercial crude oil inventories in the US were at 428.3 million barrels in the week that ended December 10, a decline of 4.6 million barrels from the previous week.…