Analysis
2022, October, 3, 12:20:00
THE NEW EUROPEAN GAS WINTER
In a spokesman for the Kremlin last week where Europe was threatened about how difficult it would be to face the coming winter.
2022, October, 3, 12:10:00
EUROPE LIMITS ENERGY
The cap must cover all market revenues of producers and intermediaries participating in electricity wholesale markets, "regardless of the market timeframe in which the transaction takes place and of whether the electricity is traded bilaterally or in a centralized marketplace," the text said.
2022, October, 3, 11:50:00
U.S. RIGS UP 1 TO 765
U.S. Rig Count is up 1 from last week to 765, Canada Rig Count is down 2 from last week to 213.
2022, September, 30, 10:05:00
OIL PRICE: BRENT ABOVE $88, WTI ABOVE $81
Brent inched down 10 cents or 0.1% to $88.39 a barrel, WTI rose 0.1% or by 9 cents to $81.32 a barrel.
2022, September, 30, 09:45:00
EUROPEAN ENERGY CRISIS: DEEPER
The 27-nation bloc has already agreed on a voluntary target to cut gas consumption by 15% after Russia, its biggest supplier, cut shipments following the invasion of Ukraine. Still, more action is needed to contain the energy crunch that’s fueling inflation and risks recession.
2022, September, 30, 09:40:00
JAPAN NEED LNG
Japan wants to avoid an energy crunch by offering financial support before winter, when heating demand is expected to increase. Spot LNG prices remain at high levels amid a risk of supply disruption from Russia given its war with Ukraine.
2022, September, 29, 14:10:00
OIL PRICE: BRENT ABOVE $89, WTI ABOVE $82
Brent rose 52 cents, or 0.6%, to $89.84 a barrel, WTI rose by 52 cents, or 0.6%, to $82.67.
2022, September, 29, 13:55:00
EUROPEAN GAS PRICES DOWN AGAIN
Benchmark prices declined as much as 6.4%, after rising 19% over the previous two days.
2022, September, 29, 13:50:00
EUROPE NEED ENERGY SECURITY
Despite the fact neither Nord Stream nor Nord Stream 2 were flowing gas to Europe at the time of the incidents, gas prices rose as much as 9% in early trading Sept. 27.
2022, September, 29, 13:35:00
INDONESIA NEED RUSSIAN OIL
Although Pertamina remains cautious and the company declined to make official comments on any concrete plans to purchase Russian crude going forward, Ambara Jaya said that the state-run refiner finds several Russian crude grades to be suitable feedstocks.
2022, September, 29, 13:30:00
U.S. OIL INVENTORIES DOWN BY 0.2 MB TO 430.6 MB
U.S. commercial crude oil inventories decreased by 0.2 million barrels to 430.6 million barrels.
2022, September, 28, 12:40:00
OIL PRICE: BRENT ABOVE $86, WTI ABOVE $78
Brent fell $1.02, or 1.2%, to $85.25 per barrel , WTI were down 97 cents, or 1.2%, at $77.53 per barrel.
2022, September, 28, 12:35:00
EUROPEAN GAS PRICES UP AGAIN
Dutch front-month gas, the European benchmark, rose 11% to 206 euros per megawatt-hour at 8:47 a.m. in Amsterdam. Price increased 7.1% on Tuesday.
2022, September, 28, 12:30:00
NORD STREAM WAS DAMAGED
The currently out-of-action Nord Stream pipeline system was damaged, with Germany saying it suspected it was an act of sabotage.
2022, September, 28, 12:25:00
RUSSIA, UKRAINE SANCTIONS
Naftogaz and Gazprom signed in December 2019 a gas transit agreement under ship-or-pay terms, meaning Gazprom is obliged to pay for transit whether it uses it or not.