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HomeCrude Oil News

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Climate Crisis

California War on Oil and Gas

June 11, 2024 Andy Del Prado

Daily Standup Top Stories 5 things to know about the EU election results June 10, 2024 Mariel Alumit BRUSSELS — Europe’s conservatives are ecstatic. The European People’s Party (EPP) scored a clear victory in Sunday’s European […]

North America
Crude Oil News

North America Continues Streak of Rig Additions

June 10, 2024 Mariel Alumit

North America added nine rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on June 7. Although the U.S. dropped six rigs week on week, Canada added 15 during […]

Russia’s Oil and Gas Revenues
Crude Oil News

Russia’s Oil and Gas Revenues Surged by 73.5% in January-May

June 10, 2024 Mariel Alumit

Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday. Between January and […]

Crude
Crude Oil News

Secondhand prices remain firm with tankers showing strong growth

June 10, 2024 Mariel Alumit

Dry CargoTankers This week’s broking reports show that prices continue to be firm despite a slowdown in sales. The Japanese-owned cape, Cape Keystone, a 2011 vessel delivered from Hyundai Heavy in Korea, has been sold […]

Sanctions
Crude Oil News

Citing Russia’s shadow fleet, Finland calls for greater oil spill response resources in the Baltic

June 10, 2024 Mariel Alumit

EuropeTankers Greenpeace Littoral states along the Baltic are upping their campaign to take action against Russia’s so-called dark fleet of ageing tankers transiting the region. Finland has called for the European Union to buy a […]

Crude Oil News

More Blackouts in TX?!

June 10, 2024 Andy Del Prado

Daily Standup Top Stories New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer June 9, 2024 Stu Turley New Zealand was on Saturday night expected to revoke a ban on drilling […]

New Zealand
Crude Oil News

New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer

June 9, 2024 Stu Turley

New Zealand was on Saturday night expected to revoke a ban on drilling for oil and gas amid fears of blackouts, as Labour plans to impose a similar crackdown on the North Sea. The country’s coalition government […]

Crude Oil News

New Zealand Set to Scrap Oil, Gas Exploration Ban in Second Half

June 9, 2024 Stu Turley

Government says reversing the ban will bolster energy security Green Party labels the move a backward step for climate aims New Zealand’s government is pressing ahead with plans to lift a ban on offshore petroleum […]

Crude Oil News

Major lithium discovery in fracking wastewater leaves the left facing EV ‘irony’

June 8, 2024 Stu Turley

The discovery of the potential for thousands of tons of lithium to be extracted annually from wastewater generated by fracking in the Marcellus Shale leaves proponents of a green energy future at a crossroads, Republicans […]

Trafigura
Crude Oil News

Trafigura Profit Drops 73% As Oil Price Boom Fades

June 7, 2024 Mariel Alumit

Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through […]

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