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Oil prices jump as US, UK strike Houthi targets Summary Some tanker companies halt ships heading to Red Sea China buys record levels of crude oil in 2023 U.S. oil rigs fall by two this week – Baker Hughes Benchmarks close lower for the week HOUSTON, Jan 12 (Reuters) – Oil rose 1% on Friday …
Oil Climbs 1% as Tankers Avoid Red Sea After Strikes on Houthis Read More »
The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations. The fee, proposed by the Environmental Protection Agency, applies to large oil and gas facilities that report …
U.S. Proposes Fee on Methane from Big Oil and Gas Producers Read More »
U.S. natural gas futures soared about 8% to a 10-week high on Friday ahead of the long Martin Luther King Day holiday weekend when extreme cold is expected to boost gas demand to record highs while also cutting gas supplies by freezing wells. In recent years, the combination of soaring demand for gas for heating …
U.S. Natgas Prices Soar 8% to 10-Week High Ahead of Frigid Cold and Record Demand Read More »
Summary Brent and WTI up about $1 Armed individuals board tanker off Oman Signs of weakening oil demand cap gains LONDON, Jan 11 (Reuters) – Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East. Brent crude futures …
Summary Libya’s 300,000 bpd of supply still offline U.S. crude stocks fall by 5.2 million barrels, API reports Euro zone facing possible recession, ECB VP says U.S. oil output to touch a record high in 2024 Coming up: EIA supply report, 1530 GMT (Reuters) – Oil steadied on Wednesday, giving up most of its earlier …
Oil Steadies as Middle East Tensions Offset Economy Concerns Read More »
U.S. natural gas futures climbed about 4% to a seven-week high on Tuesday on forecasts for extremely cold weather next week that will boost demand to a record high. In addition to sky-high gas demand, extreme cold could cause production to drop by freezing oil and gas wells, pipes and other energy equipment as happened …
U.S. Natgas Prices Up 4% to 7-Week High Ahead of Record Demand Next Week Read More »
HOUSTON, Jan 8 (Reuters) – The large crude distillation unit (CDU) and coker were shut on Monday at Motiva Enterprises (MOTIV.UL) 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery, the largest in the U.S., said sources familiar with plant operations. The 350,000-bpd VPS-5 CDU and the 110,000-bpd DCU-2 coker are scheduled to remain shut for a …
Large Crude Unit, Coker Shut at Biggest U.S. Refinery Read More »
Summary Hapag-Lloyd to continue avoiding Red Sea/Suez Canal 300,000 bpd of supply still offline in Libya American Petroleum Institute weekly data due at 2130 GMT (Reuters) – Oil prices rose by more than $1 on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply. …
Oil Rises Over a $1 as Middle East Crisis, Inflation Fight in Focus Read More »
Summary Saudi Aramco cuts price for key crude grade to Asia OPEC output rises by 70,000 bpd in Dec -Reuters survey Force majeure declared at Libyan oilfield LONDON, Jan 8 (Reuters) – Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC …
Oil Slides as Saudi Price Cuts Counter Middle East Worries Read More »
Summary U.S. Secretary of State Blinken visits Middle East U.S. employment data shows increased hiring and wages Rig count declines for third time in four weeks Maersk diverts vessels from Red Sea for foreseeable future (Reuters) – Oil prices settled higher on Friday as U.S. Secretary of State Antony Blinken began a week-long sweep through …
Oil Prices Settle Higher on Middle East Tensions Read More »
