Wednesday, February 5, 2025
Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

European natural gas storage inventories are at record-high levels at the end of winter

EIA European natural gas storage inventories as of March 1, 2020, were 60% full—the highest ever recorded level for the start of March, according to Gas Storage Europe’s Aggregated Gas Storage Inventory (AGSI+). European stock levels for both January and February 2020 were the highest ever recorded for those months. Europe’s high levels of natural gas in storage are the

Oil jumps 3% towards $28 on Fed steps to support economy-oil and gas 360

Oil jumps 3% towards $28 on Fed steps to support economy

Reuters LONDON – Oil jumped 3% on Tuesday towards $28 a barrel, supported by steps by the U.S. Federal Reserve to bolster the economy and hopes the United States will soon reach a deal on a $2 trillion coronavirus aid package. The Fed on Monday rolled out an array of programs including backing for the first time corporate bond purchases.