Russian Fuel Flows Decline to Lowest in 8 Months on Baltic Slump
Russian seaborne oil flows are closely watched by the market to assess its production since official data has been classified.
Russian seaborne oil flows are closely watched by the market to assess its production since official data has been classified.
WTI held above $65 as OPEC+ considered further production increases for August.
The cost of shipping Middle East crude to customers in Asia collapsed on Thursday.
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted an 'implosion over the past week' in the July natural gas contract.
In its latest gasoline fuel update, the U.S. Energy Information Administration showed an increasing price trend for U.S. regular gasoline.
The Trump administration has eased recent export limits on a critical petroleum product that's used to make plastics.
Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC+ talks in focus.
Enverus announced that it has released its annual list of 'the most prolific 100 private oil and gas producers in the United States'.
Industry body Offshore Energies UK said the UK government's new industrial strategy is welcome 'but must harness the UK's whole energy mix'.
'The logic of war has failed - return to the logic of diplomacy', Iran's mission to the UN said.