MARKET WATCH: NYMEX, Brent oil prices jump by more than $2/bbl

Crude oil prices soared by more than $2/bbl on both the New York and London markets Feb. 3, which analysts attributed to a sliding dollar. The oil price rally came despite a bigger-than-expected gain in US crude oil supplies. Source: News


PHMSA issues advisory bulletin on underground gas storage facilities

The US Pipeline and Hazardous Safety Administration issued an advisory bulletin for natural gas storage facility operators. It urged them to closely monitor operations to identify the potential for leaks and failures caused by corrosion, chemical or mechanical damage, or other material deficiencies in piping, tubing, casing, valves, and other associated facilities. Source: News


Pemex’s steady output declines continued in 2015

Petroleos Mexicanos (Pemex) reported liquid hydrocarbons production in 2015 of 2.59 million b/d, down 7% compared with the 2014 total and 10% compared with the 2013 total. Source: News