Global stocks of diesel and other middle distillates have fallen to the lowest seasonal level since 2008, when similar shortages of these transport and industrial fuels helped to propel oil Continue Reading
A guest post by Ovi Below are a number of oil, crude plus condensate (C + C ), production charts for Non-OPEC countries created from data provided by the EIA’s Continue Reading
U.S. energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since Continue Reading
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia’s invasion of Ukraine Continue Reading
Eagle Ford at 67 rigs, up 4 on week SCOOP-STACK rises by 2 to 45 US production likely won’t grow quickly The US oil and gas rig count jumped by Continue Reading
Russia will have to shut in some of its oil production as it will not be able to sell all the volumes displaced from European markets to other regions, with Continue Reading
The American Petroleum Institute (API) estimated that there was a build this week for crude oil of 2.811 million barrels, largely in line with analyst predictions of a 2.796 million Continue Reading
Before its forces invaded Ukraine, Russia provided one out of every 10 barrels of oil the world consumed. But as the United States and other customers shun Russian crude, the Continue Reading
No signs of middle distillates heading to Europe Heavy distillates rise 10% on the week LSFO Fujairah fuel premium over Singapore widens Oil product stockpiles at the Port of Fujairah Continue Reading
Forecast Highlights Global liquid fuels The March Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s further invasion of Ukraine. This STEO Continue Reading
