Friday, July 10, 2026
EXCLUSIVE Russia forecasts export gas price will more than double in 2022- oil and gas 360

EXCLUSIVE Russia forecasts export gas price will more than double in 2022

Reuters Russia forecasts its average export gas price will more than double this year to $730 per 1,000 cubic meters before gradually falling until the end of 2025, as pipeline gas exports decrease, an economy ministry forecast seen by Reuters showed.   Gas flows from Russia, Europe’s top supplier, are running at reduced levels this year after one route was

Permex Petroleum gets permission to drill in Texas- oil and gas 360

Permex Petroleum gets permission to drill in Texas

World Oil Permex Petroleum Corporation, a junior oil and gas company based in Dallas, was approved for a permit to drill on its property in Martin County, Texas.   “The approval of our permit to drill within the highly sought-after Spraberry Trend Area is very well received, and we are thrilled to get our well operational in short order,” said

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 7.1 million barrels

Weekly Crude Oil Storage as of August 12, 2022   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.1 million barrels from the previous week.  At 425.0 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year, according to the EIA crude oil and petroleum