NEW YORK (Reuters) –Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip […]
The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unnamed senior executive at a U.S. bank is […]
ENB Pub Note: This is a horrific decision by the Biden administration. It will only exacerbate the supply issues facing the world oil supply in December. Replacement of the oil will be a problem, and […]
In an attempt to wrestle back China market share from Russia, Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, The Straits Times reports, citing unnamed industry […]
You know, when you are growing up, there are several movies that stick in your mind, and you can refer to them on certain topics. Well, for me, right now, it is the Wizard of […]
Iraq has resumed crude oil exports from Basrah Oil Terminal after an oil spill that occurred late Sept. 15 halted loadings from the facility, curbing some 1 million b/d of exports from OPEC’s second biggest […]
Saudi Arabia’s Arabian Drilling Co. is looking for growth in the kingdom’s crude oil and natural gas production as the country will be “critical” to meet demand for hydrocarbons that it sees from the Middle […]
IEA: EU ban on Russian seaborne crude may take 2.4 million bpd off the market. IEA: Total Russian oil production will decline to 9.5 million bpd. European countries are importing more Russian crude ahead of […]
OPEC+ fell a whopping 3.6 million bpd below its oil production target in August, with the gap widening from 2.9 million bpd in July. While OPEC members were 1.399 million bpd behind the quota, non-OPEC […]
ENB Pub Note: This will affect oil and gas pricing globally. If Putin is pushed out from China and India’s oil and gas sales, there will be dramatic price increases in energy commodities pricing. After […]
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