Page 11 - Tom Kool News Today

Key Asian buyers have continued to source LNG from the Russian Sakhalin-2 LNG project, which could see its revenues double this year

Crude prices held steady on Tuesday ahead of the weekly inventory reports

Maintenance on Angola’s Dalia offshore oilfield is set to take 200,000 barrels per day offline for more than a month

Crude prices moved higher on Tuesday morning, with Brent crude hitting $86 per barrel as OPEC sees a rebound in Chinese oil demand

Once again, oil price watchers are looking at U.S. Federal Reserve decisions rather than supply-demand balances, with the community eagerly anticipating Thursday’s inflation data to gauge the extent of upcoming interest rate hikes

Oil and gas prices fell at the beginning of the new year, with Henry Hub gas prices falling more than 10% during the first session of the year

News about the reopening of the Chinese economy and a surging number of COVID cases a few days later has dominated the headlines this week

Crude prices fell significantly at the beginning of the week despite robust US economic data coupled with strong labor figures and positive industry PMI

Oil markets are looking at a very volatile last month of the year, with Russia boosting both production and exports ahead of the EU ban, while OPEC+ is mulling additional cuts at its meeting this weekend

Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country