Oil and Gas Sector

17.09.2021

Russian Siberian crude blend soars in price on China demand hike

China's rebounding crude demand has pushed up prices of a Russian grade popular with Chinese independent refiners to the highest in 21 months, several trade sources said on Thursday.

Russia's Surgutneftegaz sold three cargoes of ESPO (Eastern Siberia–Pacific Ocean) crude loading in November at premiums from $4.00 to above $4.20 a...

China's rebounding crude demand has pushed up prices of a Russian grade popular with Chinese independent refiners to the highest in 21 months, several trade sources said on Thursday.

Russia's Surgutneftegaz sold three cargoes of ESPO (Eastern Siberia–Pacific Ocean) crude loading in November at premiums from $4.00 to above $4.20 a...

17.09.2021

China cuts oil imports & ramps up purchases of natural gas

The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says.

From January to August, China imported 346.36 million tons of oil, which is 5.7% less than...

The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says.

From January to August, China imported 346.36 million tons of oil, which is 5.7% less than...

17.09.2021

Brent holds on top of $75/b as supply outlook stabilises

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.

U.S. Gulf energy companies have been able to restore pipeline service and electricity quickly after Hurricane Nicholas passed through Texas, allowing them to...

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.

U.S. Gulf energy companies have been able to restore pipeline service and electricity quickly after Hurricane Nicholas passed through Texas, allowing them to...

17.09.2021

North Sea region’s natural gas prices retreat on momentary glut

British prompt gas prices fell back from recent highs on Thursday morning, with the market slightly oversupplied, but continued concerns over low stock levels and few LNG deliveries pushed Dutch prices higher.

The British within-day gas contract was down 7.00 pence at 170 p/therm by 0849 GMT.

The British day-ahead contract was...

British prompt gas prices fell back from recent highs on Thursday morning, with the market slightly oversupplied, but continued concerns over low stock levels and few LNG deliveries pushed Dutch prices higher.

The British within-day gas contract was down 7.00 pence at 170 p/therm by 0849 GMT.

The British day-ahead contract was...

16.09.2021

Brent price capped after briefly topping $76/b

Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen.

U.S. crude oil stockpiles fell last week to the lowest since September 2019, the U.S. Energy Information Administration said, extending...

Oil prices rose over $2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen.

U.S. crude oil stockpiles fell last week to the lowest since September 2019, the U.S. Energy Information Administration said, extending...


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