Crude oil prices rallied in the afternoon after a rocky start to the trading day, with Brent crude finishing out the day at $106.57. Earlier in the trading day, Brent fell to $103.88 as the […]
North America added 11 rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on July 8. Nine of the weekly additions came from Canada and the other two came […]
Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the global economy. The U.S. president’s […]
Bears and bulls are butting heads over the current state of the oil market. There’s a growing disconnect between the physical market for crude and oil futures. The ongoing disconnect between physical crude and futures […]
The Biden administration on Friday released a draft supplemental environmental review of ConocoPhillips’ giant oil prospect on Alaska’s North Slope, known as the Willow project, after a federal judge last year rejected approval for the project […]
Russia is threatening to use oil from neighboring Kazakhstan as a weapon against European countries supporting Ukraine. A court order this month to close the export terminal on the Black Sea for a month is a […]
Norway approved plans on Friday for three gas field developments that will further increase production from the Norwegian Continental Shelf in the short to medium term. The move comes days after Norway’s authorities approved applications […]
The Biden administration in the United States has reportedly sold over a million barrels of oil from the Strategic Petroleum Reserve to a Chinese state-owned company that had received a $1.7 billion investment from BHR Partners, one […]
Enbridge’s proposed tunnel project to extend the lifetime of its Line 5 propane, crude oil and fuels system is facing new potential delays after the Michigan Public Service Commission ordered the reopening of the application […]
(Bloomberg) — Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The […]
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