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Crude rally boosted by inventory data

Oil prices ended higher on Wednesday after three straight sessions of losses, as government data released today revealed that domestic stockpiles fell last week, beating analysts' estimates. In particular, crude oil inventories fell by 7.1 million...

US: Crude inventories fall, prices jump

Oil stocks in the US fell last week, surpassing analysts' estimates. In particular, crude oil inventories fell by 7.1 million barrels for the week ended August 12, as announced by the US Energy Administration (EIA). Analysts' average...

New c.c. OPEC: Inflation not our fault, but chronic underinvestment in oil and gas

New OPEC Secretary-General Haitham Al Ghais said on Wednesday that the highly influential oil cartel was not to blame for soaring inflation, blaming chronic underinvestment in the oil and gas industry. "OPEC is not behind this price...

The natural gas rally hits the ‘brake’ with losses of 1.3% – Oil is up

European natural gas is moving downwards on Wednesday, after the rally caused by the particularly hot summer with the increased demand for fuel and a decrease in Russian supplies, as noted by the Bloomberg agency. Storage across...

Natural gas returned to its rally with gains of 3.9% – Oil is also up

LAST UPDATE: 12.56 European natural gas erased earlier losses and is now moving higher, extending its rally, as a warm summer boosts demand while supplies from Russia remain tight, according to Bloomberg. Concerns in the energy market are...

Oil and gas standby

LAST UPDATE: 12.56 Both oil and natural gas are moving marginally, with investors showing a rather wait-and-see attitude today. In particular, the European physical is around unchanged with small fluctuations compared to the measure that has been...