Wednesday, August 19, 2026
Global oil demand hit a record high in March- oil and gas 360

Global oil demand hit a record high in March

Oil Price Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the Joint Organizations Data Initiative (JODI) showed on Thursday.   Total product demand in China jumped by 1.6 million bpd month-on-month to 16.79 million bpd in

Aramco appoints new upstream, downstream leadership to drive global portfolio- oil and gas 360

Aramco appoints new upstream, downstream leadership to drive global portfolio

World Oil (WO) – Aramco has appointed Nasir K. Al-Naimi as President of its Upstream business, and Mohammed Y. Al Qahtani as President of its Downstream business, both reporting along with Aramco’s Executive Vice Presidents to the company’s President & CEO. The newly created positions and appointments, approved by the Board of Directors, will be effective from July 1, 2023

Oil prices broadly stable as all eyes on US debt talks- oil and gas 360

Oil prices broadly stable as all eyes on US debt talks

BOE Report Oil prices were broadly stable on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. U.S. West Texas Intermediate crude dipped 15 cents, or 0.21%, to $72.53 a barrel. Brent crude futures inched down 34 cents, or 0.44%,

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

Weekly Gas Storage: Inventories increase by 99 Bcf

Natural Gas Inventories as of May 12, 2023 The EIA has released its natural gas inventory report, showing a net increase of 99 Bcf as of May 12, 2023. Working gas in storage was 2,240 Bcf as of Friday, May 12, 2023, according to EIA estimates. This represents a net increase of 99 Bcf from the previous week. Stocks were