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Month: August 2022

Category:
  • Oil Supply
  • USA

US crude output likely to see little change from rollercoaster court rulings on leasing pause

 New injunction narrowed in scope to 13 states Platts Analytics sees no immediate oil supply impacts Little to no new leasing activity expected in the Western US A new permanent Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Nord Stream
  • Russia

Nord Stream 1 pipeline to shut for three days in latest fuel blow to Europe

Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom (GAZP.MM) said Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Russia

Russia’s idle primary oil refining capacity revised down 11% for September

Russia’s idle primary oil refining capacity in September has been revised down to 3.826 million tonnes, 11% lower than the previous estimate, sources citing refinery maintenance data said and Reuters Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Nord Stream

Gazprom to Shut Pipeline for Three Days in New Shock to Europe

Nord Stream link will shut for maintenance Aug. 31 to Sept. 2 Curbs on shipments now are stoking prices, rush for storage Absorber columns at the Gazprom compressor station, the Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • France
  • LNG

France Prefers LNG Terminals To New Gas Pipeline

New LNG terminals in northern and eastern Europe would be a better option to alleviate the European gas crisis than a new natural gas pipeline from Spain to France, the Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Nigeria

Shell Slashes Refinery Output In EU As Drought Disrupts Transportation

Shell slashed its refinery output at its Shell Energy and Chemicals Park Rheinland fuel-making facility as low Rhine River levels halted the flow of goods, Shell said on Thursday. “Due Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Shipping
  • Ukraine

Black Sea dry bulk trade resumes as spot grains, fertilizer cargoes enter market

Major grains houses seek spot tonnage for September laycans Freight rates to the Mediterranean, West Africa remain inconsistent The Black Sea dry bulk shipping markets have resumed spot trading as Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Energy Demand

Concerns Raised Over Strength of Future Oil Demand

Recession fears remain elevated for key markets. Recession fears remain elevated for key markets, including the U.S. and EU, raising concerns over the strength of future oil demand. That’s what Continue Reading

Posted On : 19 Aug 2022 Published By : Tom Whipple
Category:
  • Prices

Oil Set for Weekly Loss as Slowdown Concerns Offset US Demand

Oil is heading for a weekly loss as lingering concerns over an economic slowdown overshadowed signs of improving US demand. West Texas Intermediate futures dropped to near $89 a barrel Continue Reading

Posted On : 19 Aug 2022 Published By : Tom Whipple
Category:
  • Prices

Oil rises on U.S. crude stocks data, tight supply outlook

Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut Continue Reading

Posted On : 19 Aug 2022 Published By : Tom Whipple

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