Thursday, August 13, 2026
Oil holds close to 13-month high, supported by sharp drop in U.S. output- oil and gas 360

Oil holds close to 13-month high, supported by sharp drop in U.S. output

Reuters LONDON – Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in Texas. Brent crude for April hit $67.70 a barrel during the session, its highest since Jan. 8, 2020. By 1437

Global LNG demand expected to almost double by 2040: Shell- oil and gas 360

Global LNG demand expected to almost double by 2040: Shell

Reuters LONDON – Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook. Demand was 360 million tonnes last year, up slightly from 2019’s 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic. Global LNG prices hit a record low

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 338 Bcf

Natural Gas Inventories as of February 19, 2021 The EIA has released its natural gas inventory report, showing a net decrease of 338 Bcf as of February 19, 2021. Working gas in storage was 1,943 Bcf as of Friday, February 19, 2021, according to EIA estimates. This represents a net decrease of 338 Bcf from the previous week. Stocks were