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HomeCrude Oil News

Crude Oil News

Russian Tanker
Big Oil Companies

Another Sanctioned Russian Tanker Set to Offload Oil Cargo in China

March 13, 2024 Mariel Alumit

A Russian tanker, sanctioned by the U.S. in the middle of February, has arrived at a Chinese port to discharge Russian crude in the province home to most of China’s independent refiners, Reuters reported on Wednesday, quoting […]

Shell
Big Oil Companies

Shell considers slowing pace of carbon emissions cuts as CEO refocuses on oil and gas

March 13, 2024 Mariel Alumit

(Bloomberg) – Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter. Any changes to the company’s climate targets could […]

Crude Oil News

Daily Energy Standup Episode #328 – Disparity in Oil Demand Forecasts, New Mexico’s Royalty Rate Standoff, and Market Volatility

March 13, 2024 Andy Del Prado

Daily Standup Top Stories OPEC, IEA at most divided on oil demand since at least 2008 March 12, 2024 Mariel Alumit LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s […]

Oil and Gas Exploration
Crude Oil News

Somalia, Turkey to Collaborate on Oil and Gas Exploration

March 12, 2024 Mariel Alumit

Somalia and Turkey have signed a deal to cooperate on oil and gas exploration. The deal enables Turkey to explore both on- and offshore Somalia, while the two countries strengthen bilateral technical and scientific ties. In […]

UK
Crude Oil News

UK North Sea oil and gas producer NEO Energy potentially up for sale

March 12, 2024 Mariel Alumit

(Bloomberg) – Norwegian private equity firm HitecVision is weighing options for UK oil and gas producer NEO Energy, including a potential sale, according to people with knowledge of the matter. HitecVision is working with advisers […]

OPEC
Crude Oil News

OPEC, IEA at most divided on oil demand since at least 2008

March 12, 2024 Mariel Alumit

LONDON, March 11 (Reuters) – Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years […]

Russian oil
Crude Oil News

Russian oil terminals hit by drone strikes

March 12, 2024 Mariel Alumit

EuropeOperations Telegram Ukraine has hit several Russian oil refineries with drone strikes in the past few days, continuing to damage Russian oil infrastructure after attacks on coastal refineries at the beginning of the year. The […]

Philippines
Crude Oil News

South China Sea: US part of Philippines’ ‘calculated’ plan to tap oil, gas in waters disputed by China

March 11, 2024 Mariel Alumit

Manila and its allies are ‘moving in a calculated way, Philippine Ambassador to the US Jose Manuel Romualdez said, declining to provide more details Manila imports almost all its fuel needs and has been trying […]

oil and gas
Crude Oil News

Plan to drill for oil and gas near Lowry Landfill Superfund site southeast of Denver raises red flags

March 11, 2024 Mariel Alumit

Aproposed 166-well oil and gas project in suburban Denver could imperil a decades-long, multimillion-dollar effort to prevent carcinogenic chemicals stored on one of the nation’s most contaminated industrial sites from leaking into groundwater, letters from federal and […]

New Mexico
Crude Oil News

New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin

March 11, 2024 Mariel Alumit

SANTA FE, N.M. (AP) — New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by […]

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