Colorado legislators are planning a bill to stop oil and gas drilling in the state by 2030, revoking the ability to permit new wells this decade and creating panic in the industry about its future. […]
New Delhi reportedly wants to secure a steady supply of crude instead of one-off purchases State oil refiners in India are negotiating long-term agreements for supplies of crude with Russian energy giant Rosneft, Bloomberg reported […]
The biggest export group — crude oil, petroleum products, natural gas, petrochemicals — retraced part of the 50% spike as prices dropped. By Wolf Richter for WOLF STREET. The huge US trade deficit improved – or got less […]
Venezuela is backing up its threats to annex part of Guyana and secure access to some of the world’s largest oil finds in more than a decade by moving light tanks, missile-equipped patrol boats and armored carriers […]
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of 2024 yesterday, imposing sanctions on four entities and identifying one Gabon-flagged vessel as blocked property, […]
Feb 8 (Reuters) – U.S. oil and gas producer Devon Energy (DVN.N), has approached Enerplus (ERF.TO), a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said on Thursday. […]
Daily Standup Top Stories TotalEnergies reports lower LNG earnings, sales February 7, 2024 Allen Santos France’s TotalEnergies said on Wednesday that the company’s integrated LNG business logged a decline in its adjusted net operating income in […]
The global oil market will require $14 trillion in investments over the next 20 years if oil-producing nations hope to be able to fulfill global energy demands through 2045, OPEC’s Secretary General Haitham al-Ghais said […]
The US has announced the expiration of Venezuela’s oil sanctions exemption in April. Last October, Washington issued a six-month general licence for transactions involving Venezuela’s oil and gas sector following an electoral roadmap agreement signed […]
With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these […]
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