A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as others shun the trade. Shippers can earn around $1.6 million hauling Russian ESPO oil on […]
According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have increased by one vessel from last week, while the Henry Hub spot price decreased to a monthly average. In the latest Short-Term […]
An explosion at a giant oilfield in Kazakhstan, the country’s largest, killed on Thursday two workers and left at least three others wounded, local reports say. The blast at the Tengiz oilfield occurred during a test […]
Whoever becomes the UK’s next prime minister will have a big “to do” list from the moment they enter Downing Street. A full-blown cost of living crisis, looming economic recession, and preventing war on the […]
AUSTIN – Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry. “Despite President Biden’s delusional desire to […]
A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional market in years, sending prices for competing barrels spiraling. […]
For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little too far. Analysts are now […]
Friend of Fringe Finance and well known financial news contributor – as well as 38 year veteran of markets Kenny Polcari has been kind enough to share his most recent thoughts on the market with our readers. […]
HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia […]
President Joe Biden is heading to Saudi Arabia to talk about the global energy crisis. Despite saying that his upcoming visit is not about oil, Biden does acknowledge that he would like for the Gulf […]
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