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HomeCrude Oil News

Crude Oil News

Biden
Crude Oil News

Biden Govt Sets Only Three Fossil Fuel Leases for 2024-29

December 19, 2023 Mariel Alumit

The Biden administration has cut the number of lease sales in the United States outer continental shelf (OCS) from the previously proposed 47 to just three in the final oil and gas leasing program for […]

Permian
Crude Oil News

Permian operator Callon Petroleum mulls options amid buyer interest

December 19, 2023 Stu Turley

World Oil (Bloomberg) — Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. […]

Crude Oil News

Daily Energy Standup Episode #273 – Duke’s Rate Hike, BlackRock Lawsuit, and Global Supply Chain Concerns

December 18, 2023 Andy Del Prado

Daily Standup Top Stories Woke Duke Energy Jacks Up Electric Rates to Pay for ESG, Zero Carbon Mandates December 18, 2023 Mariel Alumit Duke Energy has thrown consumers under the proverbial (electric) bus to make their […]

COP28
Climate Crisis

COP28: A Win for Climate Realism

December 18, 2023 Mariel Alumit

The COP28 UN climate conference in Dubai ended last week with a flurry of self-congratulatory commentary about the “historic” nature of the final agreement in which parties, for the first time, overtly backed a process […]

oil
Crude Oil News

The oil industry’s mega-merger spree and a US production boom point to strong crude demand for years to come

December 18, 2023 Mariel Alumit

This year has seen a flurry of oil mega-mergers worth more than $100 billion. Big deal flow and rising US production point to industry forecasts of big demand for years to come. The “inevitable” consolidation […]

Ship navigating the Red Sea passage
Crude Oil News

Houthi Attacks Start Shutting Down Red Sea Merchant Shipping

December 18, 2023 Stu Turley

Attacks linked to war in Gaza are threatening global trade Oil and gas prices jump as big companies avoid Red Sea Shipping in the Red Sea is grinding to a halt with oil tankers idling and […]

Biden
Crude Oil News

Biden admin finalizes most restrictive offshore oil drilling plan in US history

December 18, 2023 Mariel Alumit

The Biden administration on Friday finalized a plan to dramatically curb the number of offshore oil and gas lease sales over the next five years as it continues to aggressively push green energy development. The Department of the […]

Moscow
Crude Oil News

Indian foreign minister planning visit to Moscow – media

December 18, 2023 Stu Turley

While in Russia, the top diplomat is expected to discuss improving connectivity to boost bilateral trade Subrahmanyam Jaishankar, India’s external affairs minister, is planning a trip to Moscow later this month to review bilateral agreements […]

Carbon Credit

Daily Energy Standup Episode #272 – EV Subsidies, Shale CEO’s Green Transition, and Global Energy Dynamics

December 18, 2023 Andy Del Prado

Daily Standup Top Stories Germany Ends Electric Vehicle Subsidies Abruptly In Latest Blow To Tesla December 17, 2023 Stu Turley Germany on Saturday effectively ended electric vehicle subsidies immediately. Tesla already is losing Model 3 subsidies […]

Crude Oil News

How do sanctions negatively impact the environment? – A discussion with Armando Cavanha and Stu Turley

December 17, 2023 Stu Turley

Armando Cavanha is a global thought energy thought leader with years of experience with Big Oil and is now a professor with international reach. Please follow Armando on his LinkedIn here: https://www.linkedin.com/in/cavanha/ Some of the […]

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