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Og oil gas and energy News Podcast and Newsletter Update - June 26, 2025Welcome to your Og oil gas and energy News update for June 26, 2025. Today's energy markets are navigating a complex interplay of global supply dynamics, policy shifts, and technological advancements, impacting everything from Crude Oil WTI June 2025 futures price movements to the rollout of residential solar battery storagesolutions and the potential for Ukraine biomethane gas grid EU exports.Global Market Dynamics: Oil & Gas Price Fluctuations and Supply InsightsRecent reports indicate oil price fluctuations, showing prices holding steady or slightly dipping as of June 25, 2025, influenced by market sentiment and geopolitical factors. A news summary from June 25, 2025, also highlighted that Russia's oil and gas revenue June 2025 increase was set to rise by over 50% year-on-year. In the United States, active US oil rigs fell to a 3-1/2 year low as reported on May 23, 2025, potentially signaling lower future US crude production.Drawing from reports published a year prior, in June 2024, factors like dollar weakness and the low US oil rig count were seen as supporting crude prices. However, concerns over escalating global trade tensions, such as a threatened 50% tariff on European Union goods, initially weighed on prices by potentially curbing economic activity and energy demand. Fears of a global supply glut, including speculation about OPEC+ considering another big oil production hike in July, also pressured prices at that time. Additionally, a report from June 25, 2024, indicated that US crude oil inventories had risen, according to the American Petroleum Institute (API), for the week ending June 21, 2024, contrary to analyst expectations for a significant draw. The Strategic Petroleum Reserve (SPR) also saw an increase that week, reaching its highest level since December 2022. These historical factors from 2024 provide context for the ongoing volatility and complex market drivers energy professionals face.ICIS provides data and analytics for crude oil and refined products markets, helping businesses navigate the changing energy landscape with insights into supply, demand, and trade flows. They also cover natural gas and LNG markets, providing intelligence and analytics for optimizing performance.