U.S. distillate inventories have started to climb seasonally – which should temper some of the bullishness about oil prices and refining margins in the short term. Stocks usually increase at Continue Reading
Russian President Vladimir Putin said on Thursday that Russian companies will not block off their oil wells despite the West’s efforts to lessen its dependence on energy supplies from Moscow. Continue Reading
Some analysts have predicted that Western sanctions on Russia, combined with the EU’s embargo on Russian crude oil and tanker insurance, would lead to the inevitable shut down of Russian Continue Reading
Citi’s Morse Says Booming US Exports Behind Crude Runup Oil maintained its gains after US government data showed crude inventories in the largest storage hub and gasoline stockpiles dropped, offering Continue Reading
U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending June 3, 2022 which was 355,000 barrels per day more than the previous week’s average. Continue Reading
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 3. This compared with Continue Reading
IEA: Europe could be forced to start rationing energy this winter. Birol: The world faces a “much bigger” energy crisis than the one of the 1970s. On Wednesday, Birol called Continue Reading
The U.S. and its allies are searching for ways to limit further surges in global oil prices, attempting to balance efforts to cut off Russia’s revenue from its energy sales Continue Reading
Forecast Highlights Global liquid fuels The June Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s full-scale invasion of Ukraine. Global macroeconomic Continue Reading
Boasting a quarter of the planet’s gas reserves and more than 5 per cent of its crude oil, Russia’s economy has long been dominated by the energy sector. As the Continue Reading
