Page 16 - Platts Analytics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BP's bonanza from Rosneft - which is Russia's leading oil producer - comes amid a cost of living crisis.

US natural gas storage volumes fell by more than 200 Bcf for the fourth week, but milder weather could slow withdrawals in the weeks ahead as the Henry Hub summer strip remains above $4/MMBtu. Storage fields withdrew 222 Bcf for the week ended Feb. 4, according to US Energy Information Administration data released Feb. 10. ...

US FOB Gulf Coast LNG cargo values edged up during the week ended Feb. 8 as the country’s latest major liquefaction facility to start up prepared to export its first shipment. Total feedgas demand remained strong, supported by increased nominations to Venture Global LNG’s Calcasieu Pass in Louisiana. S&P Global Platts assessed the Gulf Coast ...

Energy diversity is bringing Russia and China together. China likes the idea of buying more natural gas from Russia so that it can avoid getting too dependent on its political antagonists in the United States and Australia. It seeks diversity of supply. Russia really likes the prospect of selling more gas to China to reduce its current dependence on export sales to Europe. It

The US natural gas market continues to tighten this month as frigid weather fuels a wave of freeze-offs across Texas and the Midcontinent, slashing domestic production and increasing the call on gas storage. Despite tightening fundamentals, the NYMEX futures market continued to sell off in Feb. 7 trading. Over the past week, freezing temperatures across ...