natural gas

Market focus on OPEC+ meeting ignores US inventory increase for 6 consecutive weeks, crude oil rises, Brent reaches 3-week high | Anue Juheng – Energy

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Market focus on OPEC+ meeting ignores US inventory increase for 6 consecutive weeks, crude oil rises, Brent reaches 3-week high | Anue Juheng – Energy

International oil prices rose on Wednesday (29th) as investors focused on tomorrow’s OPEC+ meeting, which is expected to result in further supply cuts and ignored the sixth consecutive weekly increase in U.S. crude oil, gasoline and distillate inventories. Separately, traders also assessed the storm’s disruption to Black Sea crude oil shipments. However, negotiations between major … Read more

Ukraine to Spend Winter on Own Gas for First Time in History, Abandoning Gas Imports

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Ukraine to Spend Winter on Own Gas for First Time in History, Abandoning Gas Imports

For the first time Ukraine intends to spend the winter on only its own gas. Ukraine increased natural gas production, which for the first time in history made it possible to abandon gas imports. This was stated by the head of the board of NJSC “Naftogaz of Ukraine” Alexey Chernyshov, noting that in the last … Read more

St. Petersburg Forum Explores the Transformation of the Global Natural Gas Market

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St. Petersburg Forum Explores the Transformation of the Global Natural Gas Market

Original title: St. Petersburg Forum focuses on global natural gas market transformation This is the scene of the plenary session of the 12th St. Petersburg International Gas Forum taken in St. Petersburg, Russia, on November 1. The 12th St. Petersburg International Natural Gas Forum held a plenary session on November 1 with the theme of … Read more

Crude Oil Futures Prices Rise on Weakening Dollar and Interest Rate Decision

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Crude Oil Futures Prices Rise on Weakening Dollar and Interest Rate Decision

Crude oil futures prices closed higher on Thursday (2nd) as the U.S. dollar weakened after the Federal Reserve (Fed) decided to keep key interest rates unchanged, halting the decline in oil prices after three days in a row. Energy Commodity Prices West Texas Intermediate (WTI) crude oil futures for December delivery rose $2.02, or 2.5%, … Read more

Record Gas Surpluses and Storage in Winter Europe: Challenges and Predictions

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Record Gas Surpluses and Storage in Winter Europe: Challenges and Predictions

Winter Europe will begin with a record amount of gas in underground storage. Surpluses from the previous season, as well as a reduction in consumption, helped to achieve this. Currently, Europe’s underground gas storage is almost 99% full, which is a record. Moreover, the storages are being replenished despite the fact that the gas season … Read more

PTTEP announces 3rd quarter 2023 budget and profit decrease, expects high oil prices and reveals energy price reduction policy

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PTTEP announces 3rd quarter 2023 budget and profit decrease, expects high oil prices and reveals energy price reduction policy

PTTEP (PTTEP) announced its 3rd quarter 2023 budget, profit decreased 25.1% to 18,101 million baht from decreased sales and selling prices. Including losses from oil price hedging. It is expected that from the 4th quarter to the beginning of next year, oil prices will remain at a high level of 80-90 US dollars/barrel. Ready to … Read more

Workers at Kovyktinskoye Field Strike: Gazprom’s Financial Problems and Gas Supply Interruptions

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Workers at Kovyktinskoye Field Strike: Gazprom’s Financial Problems and Gas Supply Interruptions

Workers at the Kovyktinskoye field, which holds the record for reserves in Eastern Siberia and supplies gas to the Power of Siberia pipeline laid to China, went on strike due to non-receipt of the promised money and working conditions, Novosibirsk Online reports. According to one of the workers, shift workers stopped going to work on … Read more

Russian Army Witnesses Surge in Soldier Recruitment as Military Assistance to Ukraine Expands

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Russian Army Witnesses Surge in Soldier Recruitment as Military Assistance to Ukraine Expands

Dmitry Medvedev, deputy chairman of the Russian Security Council, said after the Russian army opened up to recruit new soldiers throughout the year. About 280,000 people have already signed up for professional military service with the Russian army. It is part of a new round of military assistance to Ukraine, making the United States the … Read more

The Impact of Rising Gas Prices on Gas Consumption in the Netherlands

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The Impact of Rising Gas Prices on Gas Consumption in the Netherlands

NOSDowing to rising gas prices, households are less likely to turn on the heating NOS Nieuws•vandaag, 00:01 Gas consumption in the Netherlands has fallen again. Consumption in the first half of this year was 10 percent lower than in the same period a year ago. Industry, power stations and households in particular consumed less natural … Read more

Czech Gas Workers Successfully Fill Gas Reservoirs in Preparation for Winter

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Czech Gas Workers Successfully Fill Gas Reservoirs in Preparation for Winter

When winter asks what Czech gas workers did in the summer, the answer will probably be more joyful than last year. The Czech Republic and other European countries are successfully filling gas reservoirs. As of Tuesday, July 25, domestic gas reserves amounted to 3.096 billion cubic meters, last year 2.687 billion cubic meters. From the … Read more