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HomeCrude Oil News

Crude Oil News

BRICS

Daily Energy Standup Episode #13 What is going on between BRICS, OPEC meeting on Monday and the Price Cap decision in the EU on Sunday?

December 2, 2022 Andy Del Prado

Monday will be a significant news day. – BRICS new monetary fund, the EU price cap on oil and the OPEC meeting. All of them are high energy price impact movers by themselves. But all […]

Crude Oil News

EU Proposes Lowering Russian Oil-Price Cap To $60 – If this was a chess match, the EU has lost already.

December 1, 2022 Mariel Alumit

ENB Pub Note: While what Putin did has been horrific, there is not much to say. How we got here and the response is quite honestly atrocious. As the headline states, you cannot play chess […]

Crude Oil News

China And India Are Buying Russian Crude At A 40% Discount

November 30, 2022 Mariel Alumit

By Alex Kimani of OilPrice.com The European Union on Friday once again failed to reach an agreement on a price cap for Russian oil, with the bloc’s eastern-most members including Poland, Estonia, Latvia, and Lithuania […]

Goldman Sachs
Crude Oil News

Goldman Sachs sees ‘high probability’ of OPEC cut — and expects oil prices to hit $110 next year

November 30, 2022 Mariel Alumit

OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on the next phase of production policy. Jeff Currie, global head of commodities at […]

WTI
Crude Oil News

WTI Extends Gains After API Reports Large Crude Draw

November 29, 2022 Mariel Alumit

Flip-flopping headlines from OPEC+ leaks and China COVID restrictions prompted a volatile day in crude markets today but WTI ended higher. OPEC+ does “not like contango and that is what has raised market expectations of […]

China
Crude Oil News

China Covid Protests Weigh On Oil

November 29, 2022 Mariel Alumit

Growing protests in China against the tough zero-covid policy are having a negative impact on crude prices. The latest flare-up of infections sparked a wave of protests across the country over the weekend. Brent crude […]

energy
Big Oil Companies

Daily Energy Standup #10 – Which Big Oil has the right path for investors, China lock downs, Green Energy without tax subsidies

November 28, 2022 Mariel Alumit

Michael and Stu tackle some great energy questions covering Exon’s move into the greener space vs. Occidental Petroleum. What investors are looking for in Big Oil greener plans. We also highlight real-world solutions with Grenelily […]

China
Crude Oil News

China’s oil demand to face downward pressure on rising COVID-19 cases: analysts

November 28, 2022 Mariel Alumit

China’s appetite for domestic oil consumption may remain subdued for an extended period following the rising number of confirmed COVID-19 cases, but analysts and trade sources told S&P Global Commodity Insights Nov. 28 that the […]

Crude Oil News

Daily Energy Standup #09 -The guys are back and talk about the Bulls and Bears on oil and gas – $80 to $100 – what do you think?

November 28, 2022 Andy Del Prado

www Michael and Stu cover a great show with a good update from the Thanksgiving weekend. We watch the Venezuelan decision from Biden and the price caps on Russian oil and how that may impact […]

Big Oil Companies

US Closer To Issuing Chevron A License To Pump Oil In Venezuela – part of the U.S. dumpster fire of energy policies.

November 27, 2022 Mariel Alumit

Update(1355ET): On Saturday the White House unveiled a monumental shift in its Venezuela policy, given only a short time ago Washington didn’t even officially recognize Nicol?s Maduro as the socialist Latin American country’s legitimate ruler, […]

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