South America's Black Market Trades Gas for Cocaine

EIA's latest build takes gas storage to 3,801 Bcf and widens the seasonal cushion, weakening the scarcity case for winter producer earnings.

Iran-deal hopes sent Brent prices lower despite US inventory draws, putting oil-producer cash-flow assumptions back under pressure.

EIA's November 4 report shows a broader fuel draw as refinery inputs rise. Distillate inventories leave refiners and miners with different risks.

Brent falls to around US$110 as traders weigh Iran talks. We test what cheaper crude could change for producers' cash flow and miners' fuel bills.

EIA reports an 80 Bcf build and a slightly wider seasonal surplus. South Central's remaining deficit keeps winter price risk in view.

EIA reports a crude draw alongside recovering output, a gasoline build and a distillate decline, giving producers and refiners different signals.