Ukraine to Increase Domestic Natural Gas Production
EBRD is assisting in setting up a natural gas exchange in the country.
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News and market reports from the energy industry: crude oil, natural gas, LNG, refining and shipping, from North America, Europe, Asia and the Middle East.
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Natural Gas Bans Will Worsen California Poverty Problem
These restrictions are being labeled as an essential part of California’s efforts to slash its greenhouse gas emissions.
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Oil Firms on U.S. Stimulus Hopes, Asian Demand Recovery
Iraq said on Friday it would cut its oil output by a further 400,000 barrels per day in August and September to compensate for its overproduction in the past three months.
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U.S. Crude Output Drop in 2020 to be Steeper Than Last Forecast
Oil prices collapsed this year as the coronavirus pandemic slammed global demand and restricted travel across the world.
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U.S. Working Natural Gas Volumes in Underground Storage Rise by 33 Bcf: EIA
Despite lower week-over-week production and higher LNG demand, models point to a larger injection for the week in progress.
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Occidental Posts $8 Billion Loss, Outlines Oil Production Cuts
In the Permian, where it became the largest operator through the Anadarko purchase, shale output will drop 37% this year, it said.
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DEQ Denies Key Permits for MVP Southgate Natural Gas Pipeline
The division also denied a Jordan Lake Riparian Buffer Authorization.
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Oil Prices Struggle to Hold Five-Month High Amid Pandemic Worries
Still, recent declines in the U.S. dollar have supported higher oil prices.
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Colombia’s Ecopetrol Narrowly Avoids Second-Quarter Loss
Production in the first half of 2020 was 706,000 boepd, within Ecopetrol’s guidance range.
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Oil Prices Toppled From Rising Streak as Jump in Covid-19 Cases Stokes Fuel Demand Fears
In the near term, though, traders shrugged off data showing a big fall in crude oil inventories in the U.S., normally enough to spur a rally in prices.
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Venezuela’s Oil Exports Stagnant in July at Below 400,000 bpd
Venezuela also exported 88,065 bpd to Europe and a 85,260 bpd to Cuba, the data showed.
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Rockwool Decides Natural Gas Over Coal at Jefferson County Plant
Rockwool’s plans in the Eastern Panhandle have garnered protests related to environmental and public health concerns.
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Oil Prices Drop on Fuel Demand Worries as Coronavirus Flares Up
Five analysts estimated, on average, that U.S. inventories of gasoline rose by 600,000 barrels.
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About OilMonster energy news
What does OilMonster energy news cover?
Daily news on crude oil and natural gas markets: prices and benchmarks, OPEC+ policy, inventories and strategic reserves, shipping and the Strait of Hormuz, LNG projects, refining and corporate deals.
How often is the energy news page updated?
New stories are added every business day, usually several times a day. The latest story on this page was published on 7 Aug 2020 02:30.
Where can I see the crude oil prices mentioned in the news?
Benchmark prices for WTI, Brent, Dubai, Murban and the OPEC Basket are in the sidebar, and daily prices for all 281 tracked crude grades are on the Crude Oil Prices page. Subscribers get full price history and Excel downloads.