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HomeCrude Oil News

Crude Oil News

EU
Crude Oil News

EU states buying Russian energy ‘on the sly’ – Moscow

February 7, 2024 Mariel Alumit

  Oil and gas are still reaching the bloc via third countries, a top Russian senator has said EU countries continue to purchase Russian oil and gas despite bold statements about abandoning supplies, the chair […]

Tellurian
Crude Oil News

Tellurian explores sale of Haynesville upstream business to develop natural gas offerings

February 6, 2024 Mariel Alumit

(WO) – Tellurian Inc. has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s Haynesville upstream business. Tellurian natural gas assets 2024 (Graphic: Business Wire) Tellurian produced 19.5 Bcf of natural […]

pipeline
Crude Oil News

Iran Launches New Gas Pipeline in SP Phase 16

February 6, 2024 Mariel Alumit

TEHRAN (Tasnim) – A new offshore gas pipeline was put into operation at Phase 16 of Iran’s South Pars Gas Field on Tuesday. The new offshore gas pipeline, costing €130 million to build, came into operation […]

VLCC
Crude Oil News

Vietnam’s VLCC fleet grows

February 6, 2024 Mariel Alumit

AsiaTankers Johnnie / MarineTraffic Greece’s Capital Maritime and Trading has sold the youngest VLCC to be flagged under the Vietnamese flag. At the end of last year, Evangelos Marinakis quietly sold a 14-year-old Universal-built mammoth […]

Supply
Big Oil Companies

Supply and Demand Shocks Still Rocking Energy Markets

February 5, 2024 Mariel Alumit

A year and a half after a renowned Harvard professor described the pandemic of 2020 as “the mother of all shocks” to energy markets, oil and gas prices are still being rocked by supply and […]

Vintage VLCC prices
Crude Oil News

Vintage VLCC prices edge down

February 5, 2024 Mariel Alumit

Tankers Even though more than 10 rusty ladies have been reported sold this year, prices are finally coming down for vintage VLCCs. Broking sources report that a raft of ships have been circulated, but buyers […]

US strikes
Crude Oil News

US strikes in Middle East are ‘strategic mistake’ – Iran

February 3, 2024 Mariel Alumit

Tehran’s foreign ministry has commented on recent operations targeting militia groups in Syria and Iraq The US has made a huge blunder by attacking targets in Iraq and Syria, as it will only further inflame […]

Iraqi
Crude Oil News

Iraqi parliament calling to ditch US dollar for oil trade

February 2, 2024 Mariel Alumit

The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US sanctions on the Iraqi banking system.  “The […]

court
Crude Oil News

Oil firms forced to consider full climate effects of new drilling, following landmark Norwegian court ruling

February 2, 2024 Mariel Alumit

Norway’s district court in Oslo recently made a decision on fossil fuels that deserves the attention of every person concerned about climate change. This ruling, which compels energy firms to account for the industry’s entire carbon footprint, […]

Paratus
Crude Oil News

Paratus scores Mexico work for Titania jack-up

February 2, 2024 Mariel Alumit

AmericasOffshore Paratus Paratus Energy Services has secured a one-year contract for the Titania jack-up for work offshore Mexico. The new contract will contribute around $55m in backlog and is expected to begin around mid-February 2024. […]

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