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US Strategic Petroleum Reserve Falls Further to 44-Year Low

US Strategic Petroleum Reserve crude inventories fell to 282.2 million barrels in the week ending October 30th, reaching their lowest level since October 1982. The decline forms part of a US initiative to release 172 million barrels from the reserve. During the same week, the government announced that oil companies had agreed to borrow around ...

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UK Natural Gas Prices Rise

UK natural gas prices rose above 240 pence per therm on Tuesday, recovering some of the previous session’s losses as reports of a US strike on Iran’s Qeshm Island stirred fresh concerns over an…

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