• Trump

    Crude Slightly Lower Following Trump Win

    Trump win could pave the way for increased US production Stronger dollar also puts some downward pressure on oil prices Oil futures were slightly lower and trading in a[...]

    Published On: November 9th, 2024—0.6 min read—

  • Oil Discoveries Fuel Battle for West African Island

    Eq Guinea, Gabon in court over Mbanie island Ruling expected in 2025 from ICJ in The Hague Dispute lay dormant until oil finds in 2000s At just one kilometer[...]

    Published On: November 7th, 2024—0.8 min read—

  • Europe’s Gas Crisis Isn’t Over Despite Full Storage

    Despite high storage levels, European gas prices remain volatile due to supply disruptions. The EU's dependence on Russian gas continues, with alternative sources from the U.S. and Azerbaijan facing[...]

    Published On: November 5th, 2024—0.8 min read—
  • BP-British-Petroleum

    British Petroleum Walks Back Green Targets Amid Market Realities

    BP has reversed its commitment to cut oil and gas production by 40% by 2030. The energy transition remains challenged by economic realities, prompting BP and other major oil[...]

    Published On: October 28th, 2024—1.1 min read—

  • Saudi Oil Export Revenues Hit Three-Year Low as Prices Decline

    Saudi Arabia's oil export revenues declined by 15.5% in August 2024 compared to the previous year. The decline was primarily driven by lower oil prices and weaker global demand,[...]

    Published On: October 25th, 2024—0.8 min read—

  • The Secretive World of Russian Oil Tanker Insurance Revealed

    •⁠ ⁠Insurers from Cameroon, Kyrgyzstan among firms covering fleet •⁠ ⁠Western sanctions have forced tankers to operate in secret One of the energy market’s open questions since Russia’s invasion[...]

    Published On: October 23rd, 2024—0.5 min read—

  • Oil Falls as US Pushes for Truce in Gaza, China Demand Falls

    Israel’s Netanyahu says Gaza operations ‘yet to be completed’ China’s apparent oil demand fell from a year earlier Oil fell, posting its largest weekly decline in more than a year,[...]

    Published On: October 21st, 2024—0.6 min read—

  • How Saudi Oil Policies Could Cripple Russia’s War Effort

    The OPEC+ group, led by Saudi Arabia, plans to begin adding oil supply to the market as early as December. Low oil prices could be an even bigger drag[...]

    Published On: October 17th, 2024—1.1 min read—

  • Crude Extends Losses on Easing Concerns Over Mideast Tension

    China’s highly anticipated Saturday briefing underwhelmed Washington Post says Israel isn’t planning strikes on Iran oil Oil extended losses in late trading on easing concerns over tensions in the Middle[...]

    Published On: October 15th, 2024—0.4 min read—

  • OPEC’s 500,000 b/d drop lead by Iraq and Libya

    Highlights Production falls from 40.73 mil b/d to 40.23 mil b/d Libya outage takes 410,000 b/d off the market Countries with quotas overproduced by 232,000 b/d OPEC+ crude oil[...]

    Published On: October 12th, 2024—0.8 min read—

  • Kinder Morgan shuts Tampa, Florida refined products terminals, pipelines ahead of Hurricane Milton

    Kinder Morgan shuts in 10-inch, 16-inch line only days after restarting Florida fuel supplies tight as residents evacuate Offshore impact limited to Chevron's Blind Faith platform Kinder Morgan shut[...]

    Published On: October 9th, 2024—0.6 min read—

  • Saudi Arabia Raises Asia Oil Price as Volatility Grips Market

    Aramco sets Arab Light crude to Asia at $2.20/barrel premium OPEC+ agreed last month to delay output increase to December Saudi Arabia raised its main oil prices for buyers[...]

    Published On: October 7th, 2024—0.6 min read—

  • Trouble Deepens for North Sea Oil and Gas

    North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK[...]

    Published On: October 2nd, 2024—0.6 min read—
  • louisP News Colorado Proposal

    Nationwide debate on Colorado proposal

    Colorado lawmakers have proposed groundbreaking legislation that would ban new oil and gas drilling permits starting in 2028 and require existing wells to pause production for five months each[...]

    Published On: September 29th, 2024—0.4 min read—

  • Uzbek Refiner to Process Afghan Crude

    Uzbek oil refiner Saneg has struck a deal to process Afghan crude at its 2 million mt/year Fergana refinery as Afghanistan's Taliban government is trying to kickstart upstream production[...]

    Published On: September 24th, 2024—0.2 min read—

  • Global demand remains low due to Chinese economy

    Global oil demand growth will likely remain below 1 million barrels per day in the near future largely because of a slowdown in China's economy, International Energy Association executive[...]

    Published On: September 15th, 2024—0.2 min read—