Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say
(Investing) – LONDON – Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether
Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say
(Investing) – LONDON – Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen’s Houthis will continue to attack
Vistra’s battery storage facility goes up in flames, spurs evacuation orders
(Yahoo Finance) – One of the world’s largest battery storage facilities is being
ADNOC Gas, Baker Hughes launch Levidian technology to turn methane into hydrogen, graphene
(World Oil) – ADNOC Gas in partnership with Baker Hughes has successfully
International diesel prices surge after U.S. sanctions on Russia
(Oil Price) – Diesel prices in Asia, Europe, and the U.S. jumped this
Vistra’s battery storage facility goes up in flames, spurs evacuation orders
(Yahoo Finance) – One of the world’s largest battery storage facilities is being consumed by flames near San Francisco on Friday, and officials say the best solution is to let the factory continue to burn, even as it releases toxic fumes
ADNOC Gas, Baker Hughes launch Levidian technology to turn methane into hydrogen, graphene
(World Oil) – ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas processing
International diesel prices surge after U.S. sanctions on Russia
(Oil Price) – Diesel prices in Asia, Europe, and the U.S. jumped this week as the latest U.S. sanctions on Russia’s oil industry added to colder winter weather to boost futures prices and margins amid expectations of reduced diesel and crude
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Weekly Inventories
U.S. crude oil inventories decrease by 2.0 million barrels
Weekly Crude Oil Storage as of January 10, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil inventories are 6%
Weekly Gas Storage: Inventories decrease by 258 Bcf
Natural Gas Inventories as of January 10, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 258 Bcf as of January 10, 2025. Working gas in storage was 3,115 Bcf as of Friday, January
U.S. rig count decreased by 4 as of this week, at 580
This week’s Baker Hughes Rig Count shows that the U.S. had a decrease of 4 over last week, resulting in a total count of 580 rigs. Canada had an increase of 13 over last week, resulting in a total Canadian
