en.Wedoany.com Reported - Recently, several key developments in the global natural gas and oil industry deserve attention: Russia's natural gas production has steadily increased, U.S. commercial crude oil inventories have fallen to their lowest level since January last year, BP has secured its first onshore natural gas resources in Abu Dhabi, and the U.S. has warned the EU over methane regulations.

From January to May 2026, Russia's total natural gas production increased by 4.3% year-on-year, reaching 302 billion cubic meters. Among this, natural gas output rose by 5.2% to 259 billion cubic meters, while associated petroleum gas production fell by 0.6% to 42.9 billion cubic meters. During the same period, liquefied natural gas production grew by 10.4%, reaching 15.7 million tons.

Over the past 24 hours, 72 commercial vessels passed through the Strait of Hormuz, carrying approximately 20 million barrels of oil. U.S. Energy Secretary Chris Wright announced this at the Global Energy Forum.

As of the end of the week, U.S. commercial crude oil inventories (excluding strategic reserves) decreased by 6.1 million barrels, a decline of 1.5%. Total inventories fell to 412.2 million barrels, the lowest level since January last year.

BP signed a concession agreement with the Abu Dhabi National Oil Company (ADNOC) and partners for the development of the Bab Gas Cap project in the UAE, acquiring a 10% stake and marking its first entry into Abu Dhabi's onshore natural gas sector. The project covers three reservoirs in the Bab field and is expected to produce up to 15 billion cubic feet of natural gas per day.

The U.S. warned the EU that it would divert liquefied natural gas to other markets if the EU maintains strict methane rules. U.S. Energy Secretary Chris Wright stated that new regulations from Brussels, set to take effect in 2027, would require oil and gas companies to track and curb methane leaks across all stages of the supply chain, while also banning contracts with importers that do not meet the standards.

U.S. oil production rose to 13.8 million barrels per day. For the week ending June 19, output increased by 13,000 barrels per day. The U.S. Department of Energy expects production to further rise to 13.83 million barrels per day in June. The average daily output for last year was estimated at 13.59 million barrels.

The Armenian government approved a credit agreement worth 80 million euros with the OPEC International Development Fund to cover budget deficits. The fund will provide Armenia with an 18-year budget support loan, including a five-year grace period, with funds to be used for implementing the country's economic transformation plan.

British Prime Minister Keir Starmer is studying a plan to sell over 100,000 tons of oil from the tanker "Smyrtos," stranded in the English Channel, with proceeds potentially going to Ukraine. London considers the cargo now at its disposal and plans to auction the Urals crude.

The Eurasian Economic Commission approved reducing import tariffs on automotive and aviation fuel imported by Kazakhstan from third countries to zero. This measure aims to economically incentivize fuel imports, with China seen as a key alternative supplier of petroleum products to the Kazakh market.

Severo-Kurilsk has implemented fuel sales restrictions due to irrational panic buying and excessive fuel purchases by residents, suspending sales of fuel in barrels and limiting single refueling to 20 liters.

Scientists at Kazan Federal University have developed a thermally stable surfactant peptizer for enhancing heavy oil recovery. The reagent has been successfully field-tested at the Aksyonovo oil field in Samara Oblast.

From September 9 to 11, 2026, Orenburg will host the professional exhibition forum "Gas. Oil. Orenburg Region" and the labor forum "Forum for Living and Working in Orenburg." The events will take place at the "Marmelad-Expo" exhibition venue, with over 100 companies expected to participate, and the business agenda includes 30 industry-specific sessions. The core event is the plenary session "Energy of the Future: Talent and Technology as Growth Drivers."

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