Friday, August 8, 2025
US negotiates North American rival to OPEC as Trump trade deal takes effect- oil and gas 360

US negotiates North American rival to OPEC as Trump trade deal takes effect

FOXBusiness.com Publisher’s Note:  Much to the irritation of OPEC and world-wide national oil states, American innovations in hydraulic fracturing, horizontal drilling and seismic technology have all contributed to the Shale Revolution and has enabled the US energy industry to become the world’s largest oil producer. Since 2014, OPEC has attempted to shut down US oil and gas producers by driving

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

Weekly Gas Storage: Inventories increase by 65 Bcf

Natural Gas Inventories as of June 26, 2020 The EIA has released its natural gas inventory report, showing a net increase of 65 Bcf as of June 26, 2020. Working gas in storage was 3,077 Bcf as of Friday, June 26, 2020, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were

Traders thought Apple had 'the holy grail' of oil data, but the quest continues- oil and gas 360

Traders thought Apple had ‘the holy grail’ of oil data, but the quest continues

Reuters NEW YORK  – Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage tanks. Real-time data on fuel demand would be the ultimate prize. On-the-spot gasoline consumption figures would change the way oil