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HomeCrude Oil News

Crude Oil News

Nigeria
Crude Oil News

Nigeria to Boost Oil Production by 40,000 Bpd as New Field Starts Up

May 13, 2024 Mariel Alumit

Nigeria has launched oil production from a new field in the Niger Delta region, which is expected to raise crude output at Africa’s top oil producer by 40,000 barrels per day (bpd) by the end […]

Iraq
Crude Oil News

Chinese firms to develop oil and gas fields in Iraq

May 13, 2024 Mariel Alumit

Baghdad (IraqiNews.com) – Iraq launched a licensing round on Saturday for 29 oil and gas projects to develop huge gas reserves to help provide electricity to the country and attract foreign investments worth billions of […]

Price
Big Oil Companies

Court sides with NYC in climate lawsuit against oil industry

May 13, 2024 Mariel Alumit

The ruling is the latest to reject oil companies’ claims that climate lawsuits from local governments belong in federal court. The post Court sides with NYC in climate lawsuit against oil industry appeared first on […]

African neighbors
Crude Oil News

Tensions escalate between African neighbors over oil blockade

May 13, 2024 Mariel Alumit

Benin says it will only allow fuel shipments from Niger through its ports after the landlocked state normalizes relations Niger’s military government has accused Benin of violating bilateral trade agreements by blocking crude oil exports […]

Russia
Crude Oil News

Russia’s oil and gas revenue soars

May 13, 2024 Mariel Alumit

  Rising prices have boosted Moscow’s revenue from energy exports, the Finance Ministry said Russia’s energy revenue saw a massive increase in the first four months of the year, mainly due to rising oil prices, […]

Kimmeridge
Crude Oil News

Kimmeridge Releases Presentation on SilverBow’s Unabashed Worst-in-Class Governance

May 9, 2024 Mariel Alumit

SilverBow needs experienced, independent directors who are capable and open to assessing all value enhancing alternatives to create significant long-term shareholder value Urges shareholders to vote “FOR” all three of Kimmeridge’s highly qualified, independent nominees […]

Russian-linked tankers
Crude Oil News

Europe takes action against Russian-linked tankers

May 9, 2024 Mariel Alumit

Moving Russian oil through Europe has come under far greater scrutiny in recent weeks with the bloc widely expected to take further measures against the so-called shadow fleet when further European Union sanctions are unveiled […]

Coal

Sanctions Don’t Work and Pipelines Matter!

May 9, 2024 Andy Del Prado

Daily Standup Top Stories Lessons from Texas for California, New York and Other Green Virtue Signaling States May 8, 2024 Mariel Alumit Drops in power generation from wind farms, hydro dams and nuclear reactors has forced […]

Oil prices
Crude Oil News

Oil prices rise after US crude stocks fall more than expected

May 8, 2024 Mariel Alumit

NEW YORK, May 8 (Reuters) – Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw in crude stockpiles as refiners ramped up output ahead of the summer driving season. […]

Norway
Crude Oil News

Norway Expands Arctic Acreage for Oil and Gas Drilling in Mature Areas

May 8, 2024 Mariel Alumit

Norway is expanding the acreage in the Barents Sea and the Norwegian Sea, for which companies vying for licenses in mature areas can bid this year, the energy ministry of Western Europe’s largest oil and […]

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