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US Natgas Prices Jump 10% On Lower Output, Higher Demand and Technical Buying

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forecasts for a hotter-than-normal summer and what some analysts called a technical bounce. Gas prices fell about 7% and closed below the 200-day moving average on Monday, which some analysts said …

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US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil …

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Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage

Batteries, Electric Vehicles, Energy Storage, Energy Topics & Technology, Latest, US News / By

Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is slashing headcount by 10,000, or more than 4 per cent, part of a push to cull non-growth operations and boost profitability. The supplier of lithium-ion …

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US Crude Inventories Decline, Jet Fuel Demand Jumps, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories rose, stoking concerns among analysts of weak demand ahead of a major driving holiday in the U.S. later this month. Crude inventories fell by 2 …

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US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels to 440.4 million barrels in the week ended April 25, the EIA said, compared with analysts’ …

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US Crude Stockpiles Post Surprise Build as Imports Jump, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts’ expectations in a …

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US Crude Oil and Refined Product Inventory Update – William Lacey

Conventional Energy, Energy Commentary, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

Oh…Happy Liberation Week! I think I finally understand what Liberation Day stood for. The liberation of all of my savings from me. Hooray! I didn’t want it anyway… Now, on to our regularly scheduled programming. Yesterday the API reported that crude oil and refined products both saw a net draw on stock levels, showing a …

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US Crude Stockpiles Rise as Exports Hit Jan Lows, EIA Data Shows

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down, the Energy Information Administration said on Wednesday. Crude inventories rose by 2.6 million barrels to 442.3 million barrels in the week ended April 4, the EIA said, compared …

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US Crude and Distillate Inventories Rise, Gasoline Stocks Fall, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel draw. …

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US Crude Stockpiles Fall as Refining Continues to Rise, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, compared with analysts’ expectations in …

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