Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.

U.S. LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather.

U.S. commercial crude oil inventories increased by 2.1 million barrels from the previous week to 439.7 million barrels.

China aims for renewables to account for at least 50% of its installed capacity by 2050, and energy storage would allow the country to ensure stable operation of the electric grid system.

The HyDeploy project will deliver a blend of 20% hydrogen into the natural gas supply to Winlaton, Gateshead, supplying 668 houses, a school and several small businesses, for 10 months starting in August, Northern Gas Networks said in a statement.

The spot and long-term LNG pricing dynamics have shifted dramatically from 2020 to 2021, with record lows to record highs recorded in a period of nine months.

U.S. commercial crude oil inventories decreased by 6.9 million barrels from the previous week to 445.5 million barrels.

Brazil is responsible for almost half of the imports into South America for the record month, accounting for almost half of the total demand, or 37 Bcf for the month. Imports into Argentina have also been on the rise as domestic gas production and imports from Bolivia have proved insufficient to meet the projected demand for winter in the Southern Hemisphere.

U.S. commercial crude oil inventories decreased by 6.7 million barrels from the previous week to 452.3 million barrels.

Naftogaz also wants to force Russia to allow other Russian producers to be able to export pipeline gas via Ukraine to Europe.

The UK’s Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, and Norway’s Minister of Petroleum and Energy, Tina Bru, issued a joint statement during Kwarteng's visit to Oslo for their first in-person meeting.

OPEC+ negotiations on August production levels will pick up in earnest on June 29, with a meeting of the delegate-level advisory Joint Technical Committee, before the nine-country Joint Ministerial Monitoring Committee co-chaired by Saudi Arabia and Russia convene on June 30.

India is the world's third largest consumer of crude and a key market for many OPEC members.

Wide spreads between the price of LNG in end-user markets in Asia and Europe and feedgas prices based on the US Henry Hub have been incentivizing robust export activity from the US Gulf and Atlantic coasts.

U.S. commercial crude oil inventories decreased by 7.6 million barrels from the previous week to 459.1 million barrels.