Tom Kool

Latest articles from Tom

• Shell Halts Unit At Europe’s Biggest Refinery Due To Leak

  Published 06 June 2023 | viewed 2,414 times

  Shell said on Tuesday that it had halted a unit at Europe’s largest oil refinery, Pernis in Rotterdam, due to a leak. “Due to a…

• Russian Oil Output Remains High Much To OPEC's Dismay

  Published 06 June 2023 | viewed 8,231 times

  Russian crude oil export data in recent weeks have not reflected any cuts and OPEC+ allies are increasingly frustrated with its non-compliance Russia’s crude oil…

• NEOM Secures $5 Billion Investment From Local Investors

  Published 06 June 2023 | viewed 1,322 times

  Saudi Arabia’s megaproject NEOM has attracted an investment of $5.6 billion from local investors. According to Bloomberg, four local firms will build temporary housing and…

• Natural Gas Prices Plunge Further Amid Rise In U.S. Stockpiles

  Published 01 June 2023 | viewed 9,484 times

  U.S. natural gas stockpiles gained 110 billion cubic feet for the week ended May 26, putting more downward pressure on prices, particularly as storage is…

• Azerbaijan Boosts Gas Exports To Europe

  Published 25 May 2023 | viewed 3,243 times

  Amid a slump in EU gas prices, the continent is rushing to diversify its natural gas imports. Oilprice.com wrote yesterday that Russian gas giant Gazprom…

• Petrobras To Appeal Amazon Oil Rejection In Lula Litmus Test

  Published 24 May 2023 | viewed 1,306 times

  Brazil’s state-run oil giant Petrobras is preparing to file a request to appeal a decision to reject the environmental license for exploratory drilling in the…

• Saudi Arabia, Russia May Cut Production, But Don’t Expect Exports To Plunge

  Published 18 May 2023 | viewed 9,871 times

  After releasing its impressive oil consumption data for March 2023, the latest production figures from the Joint Organisations Data Initiative (JODI) show that Saudi oil exports rose…

• Oil Prices Fall Again As Wall Street Sees Threat Of Historic Default

  Published 18 May 2023 | viewed 23,845 times

  Oil prices shed 1% in Thursday morning trading over American debt and the prospects for a historic default, despite gains on Wednesday driven by demand…

• Equinor Reopens Gas Field In A Boost For Exports To Europe

  Published 16 May 2023 | viewed 3,664 times

  Norway’s energy major Equinor this week officially reopened the Njord gas field in the Norwegian Sea, aiming to more than double the field’s production and…

• WTI Crude Sheds 2% As Global Demand Concerns Weigh

  Published 10 May 2023 | viewed 2,890 times

  Recession fears rose to the forefront again on Wednesday following a surprise build in U.S. crude oil inventories that has shaved over a dollar off…

• Texas Natural Gas Prices Turn Negative

  Published 10 May 2023 | viewed 23,805 times

  Mild spring weather with low gas demand combined with pipeline maintenance to drag spot natural gas prices at the Waha hub in West Texas into negative…

• Russia’s Crude Oil Shipments Hit Highest Since At Least Early 2022

  Published 09 May 2023 | viewed 3,460 times

  Russia’s crude oil exports by sea hit a new high of 3.55 million barrels per day (bpd) in the four weeks to May 5, the…

• European Natural Gas Prices Continue To Drop

  Published 08 May 2023 | viewed 5,677 times

  Europe’s benchmark natural gas prices extended losses on Monday and began a sixth week of declines amid comfortable inventories and tepid gas demand in Europe…

• Oil Prices Tank On Worrying Economic Data From China

  Published 02 May 2023 | viewed 23,235 times

  Oil prices continued to sell off on Tuesday morning, with WTI losing more than 3.5% after China's PMI data for April came in lower than…

• Analysts See Oil Prices Rising To $90 By End-2023

  Published 28 April 2023 | viewed 9,120 times

  Oil prices are set to rise toward $90 per barrel by the end of this year, driven by Chinese demand and a tightening market following…

• The Brent Oil Benchmark Is About To Change Forever

  Published 27 April 2023 | viewed 51,937 times

  West Texas Intermediate Midland crude is about to be added to the Brent benchmark contract this June. This would be the first time a non-North…

• Oil Ticks Up as Russia’s Novak Says No More OPEC+ Cuts Needed

  Published 27 April 2023 | viewed 6,754 times

  Crude oil prices ticked higher on Thursday, stabilizing after Wednesday’s drop due to sentiments that the OPEC+ late March production cut announcement had already been…

• China Lithium Sees First Price Rise In Over A Month

  Published 26 April 2023 | viewed 1,585 times

  After falling to their lowest level in 18 months in April and shedding some 70% from peak prices in November last year, lithium prices in…

• Russian Oil Exports Remain High Despite Production Cut

  Published 24 April 2023 | viewed 2,521 times

  Russia's crude oil shipments continued to average a high of 3.4 million barrels per day (bpd) in the week to April 21 despite the 500,000…

• Canadian Government Admits It’s Short Tens Of Thousands Of Oil Workers

  Published 20 April 2023 | viewed 7,173 times

  Despite all the talk about phasing out oil and gas and a ‘just transition’, government reports show that the Canadian oil and gas sector is…