Prices
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.
2022, September, 27, 16:55:00
OIL PRICE: BRENT ABOVE $85, WTI NEAR $78
Brent was up $1.49, or 1.8%, to $85.55 a barrel, WTI was up $1.37, or 1.8%, at $78.08.
2022, September, 27, 16:40:00
RUSSIAN OIL FOR CHINA UP
The share of imports from Russia has likely risen because of lower imports into China and shifting trade patterns following Russia’s full-scale invasion of Ukraine. Western economic sanctions have reduced demand for Russian crude oil, and as a result, have left Russia to look for alternative export destinations.
2022, September, 27, 16:20:00
U.S. RIGS UP 1 TO 764
U.S. Rig Count is up 1 from last week to 764, Canada Rig Count is up 4 from last week to 215
2022, September, 22, 16:35:00
OIL PRICE: BRENT NEAR $92, WTI NEAR $85
Brent were up 70 cents, or 0.78%, to $90.53, WTI was up 71 cents, or 86%, at $83.65.
2022, September, 22, 16:30:00
EUROPEAN ENERGY CRISIS PLAN
The European Commission aims to publish Sept. 28 a document detailing future steps to ease volatility and increase trading volume in energy markets after surging prices led to ballooning margin calls
2022, September, 22, 16:25:00
GERMANY NATIONALIZE ENERGY
Germany has unveiled an €8bn package, which comes in addition to prior bailout packages, with the objective to finance and acquire Uniper, as well as help it maintain operations, amid unstable gas supplies and soaring energy prices.
2022, September, 22, 16:20:00
GERMANY'S LNG TERMINAL
Deutsche ReGas has started building a 4.5 bcm/year LNG import terminal, named Deutsche Ostee, in Lubmin in the northeast of Germany.
2022, September, 22, 16:15:00
NETHERLANDS REDUCING GAS PRODUCTION
The Groningen gas field's output is due to be lowered to 2.8 bcm in the 12 months through to the end of September 2023, ahead of its planned closure at the end of that year.
2022, September, 22, 16:00:00
U.S. OIL INVENTORIES UP BY 1.1 MB TO 430.8 MB
U.S. commercial crude oil inventories increased by 1.1 million barrels to 430.8 million barrels.
2022, September, 21, 14:15:00
OIL PRICE: BRENT NEAR $93, WTI NEAR $86
Brent rose $2.28, or 2.5%, to $92.90 a barrel, WTI was at $86.16 a barrel, up$2.22, or 2.6%.
2022, September, 21, 14:00:00
INCREASING RUSSIA SANCTIONS
G7 countries have also agreed to finalize a price cap for Russian crude. The US Treasury has indicated that three separate price caps will be introduced -- for crude, high-value refined products and low-value refined products.
2022, September, 19, 13:10:00
OIL PRICE: BRENT NEAR $90, WTI NEAR $84
Brent fell $1.17, or 1.3%, to $90.18, WTI dropped $1.14, or 1.3%, to $83.97.