Natural Gas Inventories as of February 2, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 75 Bcf as of February 2, 2024. Working gas in storage was 2,584 Bcf as of Friday, February 2, 2024, according to EIA estimates. This represents a net decrease of 75 Bcf from the previous week. Stocks were
Weekly Crude Oil Storage as of February 2, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week. At 427.4 million barrels, U.S. crude oil inventories are 4% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage
Natural Gas Inventories as of January 26, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 197 Bcf as of January 26, 2024. Working gas in storage was 2,659 Bcf as of Friday, January 26, 2024, according to EIA estimates. This represents a net decrease of 197 Bcf from the previous week. Stocks were
World Oil (Bloomberg) – Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation. The Biden administration on Tuesday said sanctions relief to Venezuela’s oil and gas sector will be allowed to expire on April 18, unless the government holds free and fair presidential elections.
Weekly Crude Oil Storage as of January 26, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 421.9 million barrels, U.S. crude oil inventories are 5% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage
Oil Price North Dakota’s production of crude oil is returning to full force at a quicker pace than first suggested by authorities, new data from the state’s regulator showed on Friday. Crude oil production in the Peace Garden State is now down by between 30,000 and 80,000 bpd after extreme cold led to operational challenges. Associated natural gas production—the natural
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 621 rigs. Canada had a decrease of 7 over last week, resulting in a total Canadian count of 230 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,
Oil Price The OPEC+ group doesn’t have any plans to alter the current oil production policy and cuts when the alliance’s monitoring panel meets next week, OPEC+ delegates told Bloomberg on Friday. OPEC’s Joint Ministerial Monitoring Committee (JMMC), which takes stock of oil market developments and recommends actions to the full ministerial meetings, is scheduled to hold an online meeting on February 1. Part
US News LONDON -Oil eased on Friday but was heading for a second weekly gain as positive U.S. economic growth and signs of Chinese stimulus boosted demand sentiment, while Middle East supply concerns added further support. The United States, the world’s biggest oil consumer, registered faster than expected economic growth in the fourth quarter, data showed on Thursday. Oil demand
Natural Gas Inventories as of January 19, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 356 Bcf as of January 19, 2024. Working gas in storage was 2,856 Bcf as of Friday, January 19, 2024, according to EIA estimates. This represents a net decrease of 326 Bcf from the previous week. Stocks were
Oil & Gas 360 ENGLEWOOD, Colo., Jan. 24, 2024 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading carbon abatement company that commercializes drop-in fuels and chemicals for difficult to decarbonize sectors, today provided a business update. Gevo also expects to publish an updated corporate investor presentation to its website. RNG: Non-GAAP cash EBITDA of $7-16 million is expected in
Nasdaq West Africa-focused Tullow Oil TLW.L said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025, sending its shares about 8% higher. The London-listed oil and gas explorer said the start-up of Jubilee South East offshore Ghana drove production and
