Saturday, June 20, 2026
Column: Global oil inventories to become tight by mid-2021- oil and gas 360

Column: Global oil inventories to become tight by mid-2021

Reuters LONDON – Global refineries will increase crude processing sharply over the next six months to stabilise stocks of fuels such as gasoline and diesel – even if substantial coronavirus controls remain on travel and service sector businesses. The prospective rise in processing and consequent draw down in crude inventories in the second and especially third quarters is what has

OPEC expects most of 2021 oil demand recovery in second half- oil and gas 360

OPEC expects most of 2021 oil demand recovery in second half

Reuters LONDON – OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting the market. In a monthly report, the Organization of the Petroleum Exporting Countries said demand will rise by 5.89 million

Oil prices rise on economic outlook, drawdown in fuel stocks- oil and gas 360

Oil prices rise on economic outlook, drawdown in fuel stocks

Reuters LONDON – Oil prices rose on Thursday on a weaker dollar as fears of rising U.S. inflation eased while a steep fall in U.S. fuel stocks meant a crude glut would be short-lived as refiners restart in Texas. Brent crude oil futures for May rose 79 cents, or 1.16%, to $68.69 a barrel by 1430 GMT, while U.S. West

Texas regulator warns lawmakers against rollback in storm power prices- oil and gas

Texas regulator warns lawmakers against rollback in storm power prices

Reuters The head of Texas’s power regulator told lawmakers on Thursday that any effort to retroactively reduce the power prices levied during a recent storm would lead to lawsuits that the state could lose. The state’s power grid operator raised power prices sharply during a February freeze that pushed two power companies into bankruptcy and others have warned of potential

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

Weekly Gas Storage: Inventories decrease by 52 Bcf

Natural Gas Inventories as of March 5, 2021 The EIA has released its natural gas inventory report, showing a net decrease of 52 Bcf as of March 5, 2021. Working gas in storage was 1,793 Bcf as of Friday, March 5, 2021, according to EIA estimates. This represents a net decrease of 52 Bcf from the previous week. Stocks were