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HomeCrude Oil News

Crude Oil News

Oil
Crude Oil News

Oil slips for a third straight day on prospect of US rates staying high

May 22, 2024 Mariel Alumit

NEW YORK, May 22 (Reuters) – Oil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed officials rekindled worries about oil demand when they indicated interest rate cuts might […]

Texas
Crude Oil News

Texas Oil Regulator Flags Endangered Species Designation

May 22, 2024 Mariel Alumit

In a statement posted on its website, the Texas Railroad Commission (RRC) highlighted that the U.S. Department of Fish and Wildlife Services (USFWS) announced that it would be listing the Dune Sagebrush Lizard (DSL) as an endangered […]

Hurricane Season
Climate Crisis

EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas

May 22, 2024 Mariel Alumit

Up to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas industry than ever before, the Energy Information Administration (EIA) said on Wednesday in an in-depth […]

EIA
Crude Oil News

EIA Confirms Small Crude Inventory Build, Gasoline Draw

May 22, 2024 Mariel Alumit

WTI crude oil traded below $78 today after the U.S. Energy Information Administration reported an estimated inventory increase of 1.8 million barrels for the week to May 17. This compared with a draw of 2.5 million barrels for the […]

Dark fleet
Crude Oil News

Dark fleet flags attempting to bribe states to avoid detention

May 22, 2024 Mariel Alumit

Dark fleet facilitators are attempting to persuade flag states to turn a blind eye to their operations, a new report from one of the world’s top shipping inspectorates has warned. The Paris Memorandum of Understanding […]

Suriname’s oil resources
Crude Oil News

Suriname’s oil resources seen totaling over 2 Bbbl, Wood Mackenzie reports

May 21, 2024 Mariel Alumit

(Bloomberg) – Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mackenzie. Petroliam Nasional Bhd.’s discovery in […]

Top U.S. natural gas producer
Crude Oil News

Exclusive: Top U.S. natural gas producer Chesapeake Energy cuts jobs

May 21, 2024 Mariel Alumit

May 20 (Reuters) – Chesapeake Energy (CHK.O), opens new tab, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on […]

South African
Crude Oil News

Major Russian bank to revive South African refinery

May 21, 2024 Mariel Alumit

PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at a fuel plant in Mossel Bay South Africa’s national oil company PetroSA and Russia’s Gazprombank are conducting a feasibility study with a […]

Climate Crisis

Stu Selected As Debate Moderator?

May 21, 2024 Andy Del Prado

Daily Standup Top Stories Drowning in Sewage and Dumping Money into a Climate Rathole May 20, 2024 Mariel Alumit We humans dream of colonizing Mars, building flying cars, and achieving immortality. Yet, amidst this fervent pursuit […]

Pension Fund
Big Oil Companies

Biggest U.S. Pension Fund to Vote Against Exxon Board

May 20, 2024 Mariel Alumit

The United States’ largest pension fund, CalPERS, will vote against the ExxonMobil board at the upcoming May 29 board meeting, in a move designed to block the supermajor’s attempt to sue activist investors who are […]

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