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29 September
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Aramco predicts oil demand growth
The world's largest oil company Aramco predicts an increase in demand for black gold this year. This expectation is driven by the opening of the borders of China.
19 January 2023
U.S. Energy Secretary warns of the oil price growth caused by new law of Republicans
U.S. energy head Jennifer Granholm states that the limitation of presidential authorities to utilize the Strategic Petroleum Reserve (SPR) will threaten national security and will provoke the price growth and deficit of oil.
19 January 2023
Venezuela will not return to the oil market this year
Senior analyst at consulting firm FGE Francisco Gonçalves stated that Venezuela’s oil production gains will be quite limited if sanctions against the country are not eased.
19 January 2023
Plans for refinery repairs could severely reduce U.S. fuel production
U.S. refineries are planning to make overhauls twice as many as usual in the spring. The pandemic and record high refining margins in 2022 were the reasons for delaying repairs.
19 January 2023
Chesapeake Energy's CEO is encouraging other companies to cut gas production
According to Nick Dell'Osso, chief executive officer of Chesapeake Energy Corp., the "very clear signal" from low prices in the U.S. gas sector makes it obvious that production needs to be cut.
19 January 2023
U.S. natural gas futures fell by 8% due to forecasts of lower demand
On Wednesday, U.S. natural gas futures fell by about 8%, reaching the lowest level in the past 1.5 years. This decline was caused by forecasts of heating demand reduction by the end of the month.
19 January 2023
API: US crude oil inventories rose by more than 7 million barrels over week
The market's expectations of a decline in crude stocks were refuted. On Wednesday, trade group API reported last week's increase in U.S. crude inventories. The gain amounted to several million barrels.
19 January 2023
Oil decreases due to fears of recession and growing U.S. reserves
On Thursday, the price of WTI oil fell below $79 per barrel. It happened after a nearly 1% decrease on Wednesday.
19 January 2023
Harker: Fed is ready to move to 25-basis-point rate hikes
On Wednesday, Philadelphia Federal Reserve President Patrick Harker made a statement confirming his readiness for the U.S. central bank’s shifting to a slower pace of monetary tightening.
19 January 2023
The IEA expects a new record for global oil demand in 2023
The International Energy Agency (IEA) released its monthly report on Wednesday.
19 January 2023
