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At Close: Jun 12, 2026

The Crude Chronicles - Episode 113

09:57am, Thursday, 18'th Nov 2021 Tickmill
Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net longs last week by a furth

Norway oil firms raise 2022 investment forecasts

07:57am, Thursday, 18'th Nov 2021 FX Empire
OSLO (Reuters) Oil and gas firms in Norway have increased their 2022 investment forecasts during the last three months as the industry prepares to take advantage of tax incentives designed to boost activity, a national statistics office (SSB) survey showed on Thursday.

Belarus Cuts off Oil to Poland

11:26pm, Wednesday, 17'th Nov 2021 Investment Watch Blog
Lukashenka regime adds some pressure on the hybrid eastern front? 1. Oil pipeline to Poland has been shut down due to an urgent 3-days repair. 2. Power unit of BY

Did you know the US Strategic Petroleum Reserve (SPR) is being drawn down?

08:42pm, Wednesday, 17'th Nov 2021 Investment Watch Blog
by pinecarr From ZH, Heres Why Biden Was Forced To Beg Xi To Release Oil From Chinas SPR As we have detailed in depth over the past few days (here, here,
proceeds of the facility will boost tax revenues and foreign currency receipts and create thousands of jobs in the oil and gas refining value

The Real Winner In The War Between Fossil Fuels And Renewables

07:00pm, Wednesday, 17'th Nov 2021 OilPrice com
The pressure from international organizations and governments to transition quickly away from fossil fuels is driving up demand for other natural resources dramatically. While the world focuses on leaving coal, oil, and gas in the past, as we invest heavily in renewables, one issue has been largely overlooked the hefty use of metals in renewable energy projects. As governments, international organizations, and environmental activists around the world ramp up the pressure for energy companies and consumers to switch from traditional energy
The president claimed there is ''mounting evidence of anti-consumer behavior by oil and gas companies''

US reduces strategic petroleum reserve deposits by 3.2M barrels

03:38pm, Wednesday, 17'th Nov 2021 Forexlive
EIA reports - US reduces stocks and strategic petroleum reserve by 3.2 million barrels and later this week - The reserves are now at the lowest level since June 2003 Yesterday the acting head of the EIA said that any release from the US strategic petroleum reserve (SPR) would have only short-lived impact on oil markets. By Greg Michalowski

Belarus announces temporary closure of oil pipeline to EU

12:12pm, Wednesday, 17'th Nov 2021 Big News Network
Belarus has announced ?unscheduled repairs? are needed on a branch of the ?Friendship? pipeline carrying oil supplies from Russia through the country to a number of EU states, insisting that maintenance work will take three days. In a statement issued on Wednesday, Russian energy export giant Transneft said supplies could face short-term disruption. Spokesman Igor Demin told journalists he had be
The Antimonopoly Committee said it had identified cases of manipulation in the rise in petrol prices. The deputy chairman of the committee said that necessary measures would be taken and that there would be a change in prices in the next 10 days..
Residents in Southeastern Nigeria paid the highest average prices of Premium Motor Spirit (PMS), commonly known as petrol, in the month of October, at N167.32 per litre, while the Northeast paid the least average price at N164.46. This was disclosed by the National Bureau of Statistics (NBS) in its “Premium Motor Spirit (Petrol) Price Watch […]

Tehran reports explosion at oil pipeline in southern Iran

09:26am, Wednesday, 17'th Nov 2021 Arab News Japan
Arab NewsDUBAI: Tehran has reported an explosion at an
The Prime Minister also threatened that petrol prices and electricity prices would go up if he is turfed out of office next year and said the Coalition will manage the economy better.
Hardeep Singh Puri tells Reuters on the sidelines of an oil and gas conference in Abu Dhabi that when "petrol prices are - and diesel prices - are going literally through the roof, obviously, we are concerned".
In a bid to ensure availability of Premium Motor Spirit popularly known as petrol, the Nigerian National Petroleum Corporation has dispatched 183 trucks with a total of 8.13 million litres into the Federal Capital Territory, its environs and four other states. The move is part of measures aimed at ensuring that Nigerians have adequate supply []
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