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HomeCrude Oil News

Crude Oil News

Oil
Crude Oil News

Oil falls on renewed push for Middle East ceasefire

April 8, 2024 Mariel Alumit

NEW YORK, April 8 (Reuters) – Oil prices fell on Monday, ending a multi-session rally after Israel reduced its troops in southern Gaza and began a fresh round of ceasefire talks with Hamas. Brent crude […]

crude oil
Climate Crisis

Global Elites have no master plan to replace crude oil other than lining their wallets!

April 8, 2024 Mariel Alumit

The elephant in the room that no one wants to discuss is that crude oil is the foundation of our materialistic society as it is the basis of all products and fuels demanded by the […]

Oil Market
Commodities

Oil Market to Get ‘Extremely Tight’ in Second Half, Citadel Says

April 8, 2024 Stu Turley

Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Global oil markets are on track to be “extremely tight” in the second half, with prices […]

Oil
Crude Oil News

The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market

April 8, 2024 Stu Turley

When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation […]

Shell's oil and gas reserve
Big Oil Companies

Shell’s oil and gas reserve life drops for sixth year in a row

April 8, 2024 Mariel Alumit

LONDON (Reuters) – The number of years of production left in Royal Dutch Shell’s oil and gas reserves fell for the sixth year in a row in 2019 to below eight. But there was little […]

TotalEnergies
Big Oil Companies

TotalEnergies to Champion Multi-Energy Investment Strategy at IAE 2024

April 8, 2024 Mariel Alumit

Affirming TotalEnergies’ long-standing commitment to Africa’s energy development, Senior Vice President for Africa Mike Sangster will deliver an opening keynote at Invest in African Energy (IAE) 2024 – a two-day investment forum taking place in Paris next […]

Sanctions and drones
Crude Oil News

Sanctions and drones take their toll on Russian oil exporting machine

April 8, 2024 Mariel Alumit

Further signs are emerging of how sanctions combined with Ukrainian drones are causing serious problems for the Russian oil exporting machine with advice issued today on how Washington could reduce the size of the so-called […]

Chevron
Big Oil Companies

Exxon’s $60 Billion Fight With Chevron Will Reshape Big Oil

April 7, 2024 Stu Turley

The prize is called Stabroek — a series of oil fields off the coast of Guyana, the Latin American nation bordering Venezuela and Brazil. The potential riches are incredible — about 11 billion barrels of oil, worth […]

Crude Oil News

World War III Is Now Inevitable – Here’s Why It Can’t Be Avoided

April 6, 2024 Stu Turley

Then there’s Israel and Gaza. I warned months ago in my article ‘It’s A Trap! The Wave Of Repercussions As The Middle East Fights “The Last War”’ that the war in Gaza would expand into a multi-front […]

Oil
Crude Oil News

Wall Street Remains On The Sidelines as Oil Jumps to $90

April 5, 2024 Mariel Alumit

After a slow start to the year, energy has emerged as the sector to watch with crude oil futures soaring to a five-month high in the wake of escalating geopolitical tensions in the Middle East. […]

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