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Net injections to US natural gas storage likely outpaced the five-year average last week, even as hotter temperatures fueled a spike in power demand and an overall tightening in the domestic supply-demand balance. The US Energy Information Administration this week is expected to report an 89 Bcf injection to US gas storage for the week ...
Milder temperatures last week likely allowed more US natural gas supply to flow into storage, briefly pausing the rally in Henry Hub futures prices ahead of an anticipated ramp in summer gas demand. The US Energy Information Administration this week is expected to report a 96 Bcf injection to US gas storage for the week ...
India saw its average refining run rates slowing marginally in March amid volatility in crude oil prices triggered by the Russia-Ukraine conflict, but analysts expect robust margins and a sustained revival in demand for oil products to lift overall year-on-year growth in throughput close to double digits. In addition to a sharp recovery in oil ...
The Nord Stream 2 gas pipeline appears, now, to really be dead in the water without ever having started commercial operations. After Germany on Feb. 22 suspended the certification process in order to review its position toward the project in terms of supply security, US President Joe Biden followed up by imposing sanctions against operator ...
OPEC and its allies continue to underperform their increasingly lofty oil production targets, with the group falling a record 700,000 b/d short of its collective quotas in January, according to the latest S&P Global Platts survey. OPEC’s 13 countries raised output by 150,000 b/d from December, pumping 28.19 million b/d of crude, while the nine ...