Tuesday, January 21, 2025
U.S. oil output slips as higher costs hit drillers- oil and gas 360

U.S. oil output slips as higher costs hit drillers

World Oil (Bloomberg) — Weekly U.S. crude oil production declined for the first time in three months, signaling that soaring costs across the oil fields may be preventing drillers from expanding output. The decline hits as the oil-consuming nations are scrambling for additional supplies to reduce reliance on Russia and bring down the skyrocketing crude prices. President Joe Biden has urged

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 76 Bcf

Natural Gas Inventories as of May 6, 2022 The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of May 6, 2022. Working gas in storage was 1,643 Bcf as of Friday, May 6, 2022, according to EIA estimates. This represents a net increase of 76 Bcf from the previous week. Stocks were