Oil and Gas Sector

04.06.2021

Brent nears $72/b before retreating

Oil prices were little changed on Thursday, following two straight days of gains that took oil futures to highs not seen in a year, after weekly U.S. crude stocks fell sharply while fuel inventories rose more than expected.

Brent futures for August delivery fell 23 cents to $71.12 a barrel,...

Oil prices were little changed on Thursday, following two straight days of gains that took oil futures to highs not seen in a year, after weekly U.S. crude stocks fell sharply while fuel inventories rose more than expected.

Brent futures for August delivery fell 23 cents to $71.12 a barrel,...

04.06.2021

North Sea natural gas prices on the rise amidst speculation spree

British wholesale gas prices rose on Thursday morning, even though the system was well-supplied, amid maintenance outages and speculative buying.

The day-ahead contract rose by 2.10 pence to 64.20 pence per therm by 0821 GMT. The July contract was up 1.65 pence at 64.00 p/therm.

A gas trader said speculative buying and maintenance at...

British wholesale gas prices rose on Thursday morning, even though the system was well-supplied, amid maintenance outages and speculative buying.

The day-ahead contract rose by 2.10 pence to 64.20 pence per therm by 0821 GMT. The July contract was up 1.65 pence at 64.00 p/therm.

A gas trader said speculative buying and maintenance at...

03.06.2021

Russia’s Gazprom continues ramping up production with gas exports booming

Russian energy giant Gazprom’s output rose significantly from January through May compared to the same period last year, the company said on Tuesday.

“For the first five months of 2021, production amounted to 221.9 billion cubic meters of gas, according to preliminary data,” Gazprom said on Telegram, adding: “This is 16.2% (31 billion...

Russian energy giant Gazprom’s output rose significantly from January through May compared to the same period last year, the company said on Tuesday.

“For the first five months of 2021, production amounted to 221.9 billion cubic meters of gas, according to preliminary data,” Gazprom said on Telegram, adding: “This is 16.2% (31 billion...

03.06.2021

Brent remains firmly on top of $70.b on confidence in GLOPEC commitments

Oil rose nearly 1% on Wednesday, supported by a decision by OPEC and its allies to stick to its plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States.

Brent rose 64 cents, or 0.9%, to $70.89 a barrel by 10:46 a.m....

Oil rose nearly 1% on Wednesday, supported by a decision by OPEC and its allies to stick to its plan to gradually restore supply, along with the slow pace of nuclear talks between Iran and the United States.

Brent rose 64 cents, or 0.9%, to $70.89 a barrel by 10:46 a.m....

03.06.2021

North Sea region’s natural gas prices trimmed by declining demand

British wholesale gas prices were mixed on Wednesday morning, with the day-ahead rising on lower wind forecasts but other contracts weakening as warm weather curbed demand and carbon prices fell. The day-ahead contract rose by 0.30 pence to 63.75 pence per therm by 0834 GMT.

The September contract was down 0.90...

British wholesale gas prices were mixed on Wednesday morning, with the day-ahead rising on lower wind forecasts but other contracts weakening as warm weather curbed demand and carbon prices fell. The day-ahead contract rose by 0.30 pence to 63.75 pence per therm by 0834 GMT.

The September contract was down 0.90...


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