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  • Jet fuel prices up as demand jumps, refinery outages limit supply

    - Jet fuel prices have risen to levels never recorded in January as demand from China's lifting of COVID-19 travel restrictions and U.S. refinery outages, with the surge likely to continue, analysts and refining executives say. Chinese flight activity has more than tripled since early December to more than an average of 10,700 flights per day, according to data from flight tracking firm Airportia.

  • Jet fuel prices up as demand jumps, refinery outages limit supply

    Jet fuel prices have risen to levels never recorded in January as demand from China's lifting of COVID-19 travel restrictions and U.S. refinery outages, with the surge likely to continue, analysts and refining executives say. Chinese flight activity has more than tripled since early December to more than an average of 10,700 flights per day, according to data from flight tracking firm Airportia.

  • W. Africa Crude-Offers abound in Chinese demand lull

    Majors had many cargoes on offer on Friday but appetite remained thin owing to holidays in China. * Total was offering Angolan Pazflor at dated Brent minus 80 cents, Congolese Djeno at dated Brent minus $3.50 and Nigerian Forcados at dated Brent plus $6.50 a barrel.

  • U.S. natgas futures down 2% to 20-month low on ample stored supply

    U.S. natural gas futures fell about 2% to a fresh 20-month low on Friday ahead of the expiration of the front-month and a growing belief that there is more than enough gas in storage for the rest of ...

  • EU talks on Russian oil product price caps to continue next week-diplomats

    Ambassadors of European Union governments on Friday discussed a European Commission proposal to set price caps on Russian oil products from Feb 5, but the talks were preliminary and were likely to continue next week, EU diplomats said.

  • Oil prices settle lower on stronger supply outlook

    -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Brent futures settled down 81 cents, or 0.9%, at $86.66 per barrel, up just 3 cents from last week's settlement.

  • U.S. natgas drops 4% to 20-month low ahead of expiration, milder forecasts

    U.S. natural gas futures dropped 4% to a 20-month low on Thursday despite a big weekly storage draw, as forecasts called for milder weather and lower heating demand next week than previously expected.

  • Oil settles up 2% on strong U.S. data, China reopening

    Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data.

  • Liberty Energy shares dip on concerns of U.S. frac market slowdown

    Shares of U.S. hydraulic fracturing firm Liberty Energy fell more than 5% on Thursday, despite a fourth-quarter earnings beat, on concerns that fracking activity was slowing. The company said that while the pressure pumping market is tight in all U.S. shale basins, there could be a pullback in response to lower natural gas prices, which were trading down 7.8% to roughly $2.8 per mmBTU on Thursday.

  • EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted

    The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, an EU official said on Thursday.

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