NEW YORK, Jan 12 (Reuters) – Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen, […]
The US has resumed importing oil from Russia for the first time in more than a year, despite the ongoing sanctions imposed on Moscow over its military intervention in Ukraine, according to a Sputnik Globe report. According to the US […]
In November 2023, the United States imported oil from Russia for the first time since April 2022, according to US statistical data. Washington purchased almost 10,000 barrels of Russian oil for $749,000. Thus, the price per […]
(Bloomberg) – TotalEnergies SE said lifting its stake in two Namibian oil blocks is a “key step” toward developing the Venus field off the coast of the southwest African nation. Starting in 2022, TotalEnergies and […]
Jan 11 (Reuters) – Global oil demand is expected to increase by almost 2 million barrels a day in 2024, with China accounting for more than 25% of the increase, consultancy Wood Mackenzie said in […]
Traders are purchasing call option spreads on Brent Crude, betting that oil prices will hit $110 per barrel by the end of March and April, with bets equivalent to around 30 million barrels. Current market […]
Portuguese oil and gas company Galp has announced the discovery of light oil at the Mopane-1X well offshore Namibia, bringing the total number of oil and gas discoveries to six since 2022. Namibia has reached […]
Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation’s resilience to Western sanctions. The boom in activity came alongside a recovery in both the volume and value […]
Daily Standup Top Stories Houthis fire their greatest barrage of weapons to date in the ongoing Red Sea shipping crisis January 10, 2024 Mariel Alumit The Houthis launched their largest attack so far yesterday evening. According […]
The Houthis launched their largest attack so far yesterday evening. According to the US military the “complex attack” consisted of 18 attack drones, two anti-ship cruise missiles, and one anti-ship ballistic missile. They were all […]
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