The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks rose by 63 Bcf last week, increasing to 2,568 Bcf from 2,505 Bcf. This is 20.0% below the 3,211 Bcf that was in storage at this point last year, and
The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 4,302 MBBL last week to 401,490 MBBL from 405,792 MBBL. This is 13% below the 462,353 MBBL that was in storage at this point last year, and is 1% below the five-year
Pinnacle Asset Management Expands Physical Commodities Platform Through Acquisition of North American Natural Gas Wholesale Trading Business
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From Reuters CAPE TOWN (Reuters) – World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast, OPEC’s secretary-general said on Wednesday. Mohammad Barkindo also told an energy conference in South Africa’s Cape Town that a stable environment was needed to encourage oil industry investment to meet the rising
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