EU sets price cap for Russia crude at $60
(see legal text of EU price cap regulation)
Russia’s “shadow fleet” of oil tankers ($FT)
EU sets oil price cap above market ($BBG)
EU cuts gas consumption by 25% ($FT)
U.S. shale production runs into constraints
Saudi/China summit and policy priorities
India’s capital hit by severe winter smog
North Carolina substations attacked ($WSJ)
Japan plans strategic LNG purchasing ($WSJ)
U.S./EU compete to offer green subsidies ($FT)
BP plans big expansion of hydrogen production
U.S. GAS inventories fell faster than the seasonal average in the second half of November. Working gas stocks in underground storage were -178 billion cubic feet (-4.9%) below the pre-pandemic five-year seasonal average on November 25 compared with a deficit of -97 bcf (-2.5%) on November 11:
JKempEnergy.com 