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EIA: Russian gas pipeline exports to Western Europe up 20%

In 2013, Russia’s natural gas pipeline exports to Eastern and Western Europe averaged 15.6 bcfd, a 16% rise compared with 2012, according to data from the US Energy Information Administration, Eastern Bloc Research, and Russian Energy Monthly. The increase was mainly driven by exports to Western Europe, which rose by 20% to 12.3 bcfd.

Sener: Mexico’s gas imports from US see rapid near-term increase

Higher natural gas demand from Mexico’s industrial and electric power sectors coupled with increased US natural gas production has resulted in a doubling of US gas pipeline exports to Mexico during 2009-13. The country’s Secretaria de Energia de Mexico (Sener) forecasts that US pipeline exports to Mexico will reach 3.8 bcfd in 2018, more than double the 1.8 bcfd of US pipeline exports to Mexico in 2013.

IHS: US crude oil exports would help lower US gasoline prices

A decision to lift restrictions on US crude oil exports would boost US production, lower gasoline prices, and support as many as 1 million additional jobs, IHS said, adding that the elimination of crude export restrictions would benefit gross domestic product and government revenues.

Study: Oil exports would gain jobs, benefits for US states

Exports of US crude oil could gain 18 US states more than 5,000 jobs each in 2020 and yield vast economic benefits across most states, a new study submitted to the American Petroleum Institute revealed.

MARKET WATCH: NYMEX crude futures dip as analysts await oil inventory gain

Crude oil futures prices dropped by more than $1/bbl on the New York market on May 28 as analysts correctly anticipated an increase in the US crude oil inventory, which rebounded from an unexpected drop the previous week.

SEC to begin work on fresh Dodd-Frank foreign disclosure rules

The US Securities and Exchange Commission is preparing to develop revised requirements for publicly trade US oil, gas, and mining firms to disclose payments to foreign governments.

EIA: US’s crude imports from Mexico lowest since 1993

In 2013, Mexico was the third-largest source of crude oil imports to the US, averaging 850,000 b/d, behind Canada and Saudi Arabia, according to the US Energy Information Administration. However, the volumes were the lowest since 1993, reflecting declining production of crude oil in Mexico.

MARKET WATCH: NYMEX crude futures price holds above $104/bbl

Crude oil futures prices declined modestly on the New York market during May 27 trading but still settled above $104/bbl while analysts awaited the US inventory report and continued to monitor news events in Libya and Ukraine.

Russia to remain Europe’s primary gas supplier, UK research fellows say

Russia is likely to remain Europe’s primary natural gas supplier because Gazprom, its state-owned integrated gas company, has already begun to adjust operations and strategies in response to changing markets, two Oxford University Institute for Energy Studies research fellows said.

MARKET WATCH: NYMEX crude prices rose before Memorial Day holiday

Crude oil futures prices rose on the New York market during May 23 trading in advance of the US Memorial Day holiday. US markets were closed May 26 for the holiday, and the government’s weekly inventory reports for oil and gas storage will be delayed one day from normal this week.

MARKET WATCH: Natural gas prices fall amid higher storage data

Natural gas futures prices dipped on news in a May 22 report from the US Energy Information Administration that working gas in underground storage in the Lower 48 reached an estimated 1.266 tcf as of May 16. The total reflected a net increase of 106 bcf from the previous week.

Steady gasoline prices expected for US Memorial Day weekend

The Memorial Day holiday weekend in the US is the traditional kickoff of the nation’s summer driving season. With this year’s Memorial Day holiday looming, the national average retail price for regular gasoline stands at $3.67/gal, as it was this time last year, said the US Energy Information Administration.

API: US petroleum demand hits 4-year high in April

Total US petroleum deliveries, a measure of demand, increased 2.3% from April 2013 to average 19 million b/d this April, the highest April deliveries in 4 years, the American Petroleum Institute said in its monthly statistical report.

MARKET WATCH: NYMEX oil prices boosted by crude inventory drop

Crude oil futures prices climbed more than $1/bbl on the New York market during May 21 trading after a weekly government report showed an unexpected drop in US oil inventories.

Gazprom, CNPC sign 30-year natural gas supply contract

OAO Gazprom and China National Petroleum Corp. signed a 30-year natural gas supply contract reportedly worth $400 billion that earlier this year the two firms announced they were preparing to sign.

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