Friday, July 31, 2026
Fuel demand accelerates but new virus wave may slam on the brakes- oil and gas 360

Fuel demand accelerates but new virus wave may slam on the brakes

Reuters LONDON/NEW YORK – Fuel demand is gradually recovering as coronavirus lockdown measures ease around the globe but a second wave of infections could swiftly undermine the trend, industry data showed. Road traffic in some of the world’s major cities in June had returned to 2019 levels, data provided to Reuters by location technology company TomTom showed. But a resurgence

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 120 Bcf

Natural Gas Inventories as of June 19, 2020 The EIA has released its natural gas inventory report, showing a net increase of 120 Bcf as of June 19, 2020. Working gas in storage was 3,012 Bcf as of Friday, June 19, 2020, according to EIA estimates. This represents a net increase of 120 Bcf from the previous week. Stocks were

Oil turns positive, shrugging off U.S. crude stock build- oil and gas 360

Oil turns positive, shrugging off U.S. crude stock build

CNBC Oil prices reversed course and turned positive on Thursday, despite a record high U.S. crude inventories and worries that a rapid resurgence in Covid-19 cases could choke a revival in fuel demand. U.S. West Texas Intermediate (WTI) crude futures gained 28 cents, or 0.7%, to trade at $38.29 per barrel on Thursday, after dropping $2.36 on Wednesday. Brent crude