Crude Oil Archives - Page 39 of 56

Russia’s Key Black Sea Oil Port on Fire After Drone Attack: Grushovaya Terminal Hit in Latest Ukrainian Strike

May 23, 2026 Clark Savage2099

Oil facilities at Russia’s strategically vital Black Sea port of Novorossiysk erupted in flames overnight after a Ukrainian drone attack, with satellite imagery confirming a significant blaze at the Grushovaya (also spelled Grushovaya Balka or Grushevaya) oil terminal/depot. The strike marks the latest escalation in Ukraine’s long-range drone campaign targeting Russian energy infrastructure in 2026, […]

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 — But Only with Accountability

May 23, 2026 Clark Savage615

The upstream oil and gas sector stands on the cusp of a transformative opportunity. According to fresh analysis from Rystad Energy, digitalization and artificial intelligence could generate nearly $500 billion in cumulative value for Exploration & Production (E&P) companies between 2026 and 2030. This windfall would come through three main levers: cost reductions via more […]

There’s a Party Going on in the Permian Delaware – Reese Energy Consulting

May 22, 2026 Clark Savage778

The Delaware Basin, the western half of the mighty Permian, is buzzing with deal-making energy. According to Reese Energy Consulting’s May 21, 2026, update, “Looks like the Delaware this week is host of Party Central in Perm Town for upstream M&A and a midstream FID.” With crude prices volatile and recently tipping toward $100 per […]

ExxonMobil Nears a Deal in Venezuela: What It Means for Investors and Consumers

May 22, 2026 Clark Savage932

A major shift is underway in global energy geopolitics. According to reports, ExxonMobil is close to finalizing contracts to produce oil in up to six fields across multiple regions in Venezuela, and may announce them as soon as this month. This comes just four months after Exxon CEO Darren Woods described Venezuela as “uninvestable” under […]

Devon Spends $2.6 Billion Expanding Delaware Basin Footprint

May 22, 2026 Clark Savage612

Devon Energy (NYSE: DVN) has secured a major expansion of its premier position in the Delaware Basin, acquiring 16,300 net undeveloped acres in the core of the play in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion through a Bureau of Land Management (BLM) oil and gas lease sale. The deal, announced on […]

America’s Oil Wells Could Power the Next AI Boom Through Geothermal

May 21, 2026 Clark Savage453

As artificial intelligence drives explosive demand for reliable, always-on electricity, data center operators are scrambling for carbon-free power that doesn’t require sprawling new transmission lines or prime farmland. One unlikely hero is emerging from America’s oil patch: hundreds of thousands — potentially millions — of abandoned oil and gas wells that can be repurposed for […]

US Finalizes Easements For Dakota Access Oil Pipeline

May 21, 2026May 21, 2026 Clark Savage628

The U.S. Army Corps of Engineers has issued a Record of Decision finalizing the easement for the Dakota Access Pipeline (DAPL) to cross under Lake Oahe on the Missouri River in North Dakota. The move ends a years-long environmental review and legal battle, securing the long-term operation of the critical crude oil conduit nearly a […]

Iran Creates a Persian Gulf Control Zone Including the UAE Exit Ports

May 21, 2026May 21, 2026 Clark Savage748

In a significant escalation of its maritime posture, Iran has formally established a “controlled maritime zone” in the Strait of Hormuz through its newly created Persian Gulf Strait Authority (PGSA). The authority—widely understood to operate under the Islamic Revolutionary Guard Corps (IRGC)—has published an official map and set up a social media presence to assert […]

How Long Can the US Keep Up Being the Global Oil Filling Station?

May 20, 2026 Clark Savage1903

The United States has stepped into an extraordinary role amid the 2026 Iran conflict and disruptions in the Strait of Hormuz: the world’s primary swing supplier of crude oil and refined products. Record exports are helping offset massive global supply shortfalls, but this “filling station” status comes with clear limits—depleting strategic reserves, tightening domestic inventories, […]

Jones Act Waiver Data Makes The Case For FULL REPEAL — NOW

May 20, 2026 Clark Savage506

The numbers don’t lie. In just the first ~50 days after the Trump administration’s March 17, 2026, Jones Act waiver for energy products and fertilizer, 45 voyages moved cargo on 35 foreign-flagged vessels across more than 30 U.S. ports and a dozen-plus cargo types. This wasn’t foreign ships stealing work from American ones. The Jones […]

Category: Crude Oil

Russia’s Key Black Sea Oil Port on Fire After Drone Attack: Grushovaya Terminal Hit in Latest Ukrainian Strike

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 — But Only with Accountability

There’s a Party Going on in the Permian Delaware – Reese Energy Consulting

ExxonMobil Nears a Deal in Venezuela: What It Means for Investors and Consumers

Devon Spends $2.6 Billion Expanding Delaware Basin Footprint

America’s Oil Wells Could Power the Next AI Boom Through Geothermal

US Finalizes Easements For Dakota Access Oil Pipeline

Iran Creates a Persian Gulf Control Zone Including the UAE Exit Ports

How Long Can the US Keep Up Being the Global Oil Filling Station?

Jones Act Waiver Data Makes The Case For FULL REPEAL — NOW

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