U.S. Natgas Prices Climb on Bigger-Than-Expected Storage Withdrawal

U.S. natural gas futures extended gains on Thursday, having hit their lowest level in over two weeks earlier in the session, after a weekly report showed a bigger-than-expected storage withdrawal last week. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 2.4 cents, or 1.5%, to $1.682 per million British thermal …

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International Energy Agency (IEA) Statistics: Monthly Oil Statistics

Monthly Oil Statistics The latest IEA’s Monthly Oil Statistics report including December 2023 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 8.7% in December 2023 compared to December 2022. Refinery gross output of total products increased by 3.5% on a year-on-year basis. Net deliveries of total products decreased by 3.6% in December 2023 compared to …

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International Energy Agency (IEA) Statistics: Monthly Gas Statistics

Monthly Gas Statistics The latest IEA’s Monthly Gas Statistics report including December 2023 data shows that for Total OECD: Production of natural gas increased by 3.9% compared to December 2022. Imports (entries)1 of natural gas were 6.4% lower on a year-on-year basis, and total OECD exports (exits)1 decreased by 2.5% in the same period. Gross consumption of natural gas decreased by 6.1% in December …

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Democrats Warn U.S. Trade Bank on Backing Bahrain Oil Drilling

Export-Import Bank set to vote on financing project Thursday Venture would undermine climate progress, lawmakers say Congressional Democrats are making a last-ditch appeal to leaders of the US Export-Import Bank before a critical vote Thursday, warning the agency its plan to underwrite oil drilling in Bahrain would undercut global efforts to fight climate change. “The world is …

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