Energy News, Crude Oil, Natural Gas, Futures Exchange, Maritime Reports

Latest news and market reports from enegery industry. Market updates on crude oil, gas, electricity and bunker fuel.

Oil Prices Down, Poised for Biggest Monthly Fall since 2021

China's factory activity contracted at the fastest pace in 16 months in April, a factory survey showed on Wednesday.

Viridi Energy Launched First Company Operated Alabama RNG Facility

The company has entered into a long-term offtake agreement with ACT Group for supply of output from the facility.

Petrobras Q1 2025 Oil and Gas Output Saw Marginal Decline

The total oil, gas and derivatives sales hit 2.86 million boed, which is marginally lower by 1% from Q1 2024.

Woodside Approves $17.5 Billion US LNG Project, Targets 2029 Start

Woodside’s shares rose 1.2% after the announcement but underperformed the broader energy subindex, up 2.4%.

Former Shell Oil Traders Set up Trading House with Focus on Africa, Sources Say

Dubai-based Atmin will have around 15 employees. It will start with crude and then expand into oil products and minerals, the sources said.

U.S. Natural Gas Inventories in Underground Storage Hit Lowest Level in Three Years

The U.S. residential, commercial and electric power sectors reported increased natural gas consumption during January and February.

FG Cut Crude Oil Supplies to Local Refineries, Says Reuters Survey

The OPEC+ members had earlier decided to unwind the previously declared output cuts, thus leading to increase in production.

Barclays Cuts 2025 Brent Crude Forecast on Trade Tensions, OPEC+ Sifts

It warned that the market's "limited shock-absorption capacity" could leave prices vulnerable in the near term.

ORLEN Signs Third Contract to Supply Naftogaz with Natural Gas

The market study will cover the long-term supply of ammonia produced using low-carbon hydrogen and renewable hydrogen of non-biological origin.

Oil Falls as Economic Jitters Dampen Demand Outlook

Industry group American Petroleum Institute will publish its estimates on U.S. oil inventories on Tuesday.

Woodside Energy Posted Subdued Revenue in Q1 2025

The sequential revenue decline was mainly on account of lower production and weaker oil-linked prices.

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Crude Oil Prices

Indiana Sweet		$66.53
Alabama Light Sour		$52.28
Arkansas Sour		$54.50
Eagle Ford Light		$56.90
Western Colorado		$47.71

Bunker Prices

Dakar IFO 380		$672.00
Corpus Christi IFO 180		$520.00
LA/LB MGO 0.1%		$610.00
Dakar IFO 180		$498.00
Hamburg ULSFO 0.1%		$

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