Saudi Arabia’s move is aimed at supporting the market amid a seasonal drop in demand. Major oil producer Saudi Arabia has cut the February price of crude for buyers in all regions, Reuters and Bloomberg […]
Exxon estimated taking a $2.4 billion to $2.6 billion impairment to oil and gas properties along the Southern California coast. Sable Offshore, a company created in 2020, agreed more than a year ago to pay […]
SINGAPORE, Jan 5 (Reuters) – China’s oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world’s biggest crude importer, refinery and […]
Since the start of the Russia-Ukraine war in February 2022, energy trade (especially oil) between Russia and India has increased unexpectedly. Before the beginning of the war, India’s share of Russian oil imports was only […]
Daily Standup Weekly Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone […]
China Funds Big Green Groups While Russia Funds Anti-Fracking Groups The two biggest enemies of the United States, Russia and China, are attacking our country and its fossil fuel infrastructure using proxies — nonprofit groups […]
Washington is discussing scenarios that could potentially draw it into a war in the Middle East, officials told the outlet The White House is worried that the conflict in Gaza could expand to other parts […]
Yahoo Finance (Reuters) –Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, […]
Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a […]
One of the frequent boasts then-candidate Joe Biden made during his 2020 run for the presidency was that his administration would mount a frontal assault on the domestic oil and gas business, outlaw hydraulic fracturing […]
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