Oil deliveries from Russia to Czechia via the Druzhba pipeline have stopped without explanation, raising suspicions as Czech officials remain calm. While the exact reason remains unclear, many see it as another deliberate move […]
The US imposed sanctions yesterday on 35 entities and vessels accused of transporting illicit Iranian petroleum to foreign markets in a curtain raiser to potentially a far stricter attitude towards Iran come next month. One […]
Thanks to a U.S. license for Spanish energy major Repsol to import Venezuelan crude, Spain’s crude oil imports from the South American country have hit this year the highest level since 2006, according to Spanish […]
Full financial assurances from buyers for well clean-up costs have stalled all 37 proposed oil well sales in 2023. 41% of California’s wells are idle or orphaned, with clean-up costs estimated at $2.8 billion. The […]
The cartel needs to be more honest about the implications of its drive to keep crude prices high. The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the […]
Texas oil town Odessa and Denver joined the top 10 US metropolitan areas with the highest weekly wages over the past year. San Jose, San Francisco and Midland, Texas, — Odessa’s bigger sister in the Permian […]
China and Iran have devised a complex system of ship-to-ship transfers in the South China Sea to bypass US sanctions on Iranian oil. This clandestine trade network allows China to continue importing significant amounts of […]
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Wednesday, after falling in the week prior. The […]
Data source: U.S. Energy Information Administration, Petroleum Supply Monthly An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from […]
Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]
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