Saturday, June 13, 2026
OPEC to review potential of latest Covid variant this week- oil and gas 360

OPEC to review potential of latest Covid variant this week

World Oil MOSCOW (Bloomberg) – OPEC and its allies will discuss their response to the Omicron variant of the coronavirus at their meeting this week, although their knowledge of the potential impact on oil markets remains limited. The comments on Monday from Russia and Saudi Arabia, the leaders of OPEC+, are the latest sign the group may reconsider its planned

U.S. natgas slumps 10% as warmer weather forecast tempers demand view- oil and gas 360

U.S. natgas slumps 10% as warmer weather forecast tempers demand view

Reuters Nov 29  – U.S. natural gas futures slid more than 10% on Monday, erasing gains from a post-Thanksgiving rally in the previous session, hurt by forecasts for lower-than-usual heating demand over the next two weeks. On their first trading day as the front-month, gas futures NGc1 for January delivery had dropped 58.1 cents or 10.6% to $4.896 per million British thermal

U.S. seeks to boost oil royalties to account for climate change- oil and gas 360

U.S. seeks to boost oil royalties to account for climate change

World Oil WASHINGTON (Bloomberg) –The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production. The Interior Department report recommends higher fees and more limits on federal oil and gas leasing to better account for climate

Oil jumps 5%, recouping some losses following worst day of the year- oil and gas 360

Oil jumps 5%, recouping some losses following worst day of the year

CNBC Oil prices jumped on Monday as traders bet that Friday’s sharp sell-off, prompted by fears that the new omicron Covid variant will curb demand for petroleum products, was overdone. West Texas Intermediate crude futures, the U.S. oil benchmark, gained $3.31, or 5.3%, to trade at $71.48 per barrel at about 8:15 a.m. on Wall Street. The move puts the contract