U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year.

Turkey imported 2.06 billion cubic meters of LNG in March

U.S. electric utilities face increasing pressure to achieve financial targets. The current pandemic in the U.S. further compounds the problem that utilities have seen coming for several years.

Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.

U.S. liquefied natural gas exports are down

In December 2019, Russia officially started to supply gas to China through the 3,000 km-long Power of Siberia gas pipeline project.

China's crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April,

Qatar Petroleum maintains its plans to raise its domestic gas liquefaction capacity by 64%

TC Energy Corporation has completed the sale of a 65 per cent equity interest in the Coastal GasLink Pipeline Project

Putin ordered ministers to work out “special rates” that pipeline operator Transneft PJSC and Russian Railways JSC will charge for transporting crude and petroleum products

The desperately needed shipments have caused a diplomatic standoff between the United States and Iran and Venezuela, which are under U.S. sanctions.

The July cancellations, roughly double what was reported for June, represent nearly two-thirds the average volume of US LNG that was produced monthly when the coronavirus began to spread globally in January,

Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year.

Nord Stream 2 has until June 14 to appeal the BNetzA decision.