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tankers
Crude Oil News

Majority of ageing tankers now engaged in shadow operations

October 21, 2024 Mariel Alumit

Nearly two in three vintage tankers have carried Iranian, Venezuelan or Russian cargoes this year. According to estimates from broker Gibson, nearly 63% of all tankers above 25,000 dwt built in 2009 or older are […]

Panama
Crude Oil News

Panama orders immediate cancellation of all sanctioned vessels

October 21, 2024 Stu Turley

The president of Panama Jose Raul Molino has issued an executive decree which will see the Panama Ship Registry, the second-largest shipping registry in the world, cancel any vessel on international sanction lists. The Panama […]

Climate Crisis

Electrifying Raises Consumer Costs

October 21, 2024 Andy Del Prado

Daily Standup Top Stories Electrifying Everything Means Higher Energy Costs For Consumers. These DOE Numbers Prove It (Again) October 20, 2024 Stu Turley ENB Pub Note: Robert Bryce has been on the ENB podcast and the […]

Crude Oil News

Exxon seeks buyers for portion of assets in North Dakota’s Bakken shale

October 20, 2024 Stu Turley

Exxon to auction operated and non-operated wells in Bakken shale Assets on sale spread across 49,000 net acres in North Dakota Assets sale could fetch over $500 million, says sources NEW YORK, Oct 15 (Reuters) […]

Crude Oil News

Rig Count Overview & Summary Count – Baker Hughes

October 20, 2024 Stu Turley

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity.  Baker Hughes initiated the […]

Permitting Reform Act of 2024
Crude Oil News

Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook

October 20, 2024 Stu Turley

HOUSTON, Oct 18 (Reuters) – Oil futures fell on Friday, declining more than 7% on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures […]

Commodities

China fortifies resource security with strategic mineral, energy reserve gains

October 20, 2024 Stu Turley

China added major gains to its critical mineral reserves and discovered more mineral deposits last year as it ramped up efforts to boost self-reliance and energy security, according to the Ministry of Natural Resources. Increased investment […]

Iran
Crude Oil News

Iran Readies New Oil Outlet To Bypass the Strait of Hormuz

October 20, 2024 Stu Turley

Iran is closer to finding a way to circumvent the crucial Strait of Hormuz when it comes to oil exports. The Jask oil terminal,  officially opened a few years ago, has seen but limited activity […]

Dark fleet
Crude Oil News

‘Dark Fleet Oil Tanker Train’ Hauling Russian Crude To Indian Refineries Shows Ineffectiveness Of G7 Sanctions

October 19, 2024 Stu Turley

Chinese and Indian oil traders have been responsible for the explosive growth of dark fleet tankers hauling Russian crude to Asia, evading Western sanctions. A new report titled “BRICS+ Energy: Engine of the New World Order” from the Valdai International […]

Climate Crisis

Week Recap: Rising Oil Risks, Inflation, and the Push for Alternative Power

October 19, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Israel-Iran: A strike on oil assets could revive inflation October 12, 2024 Stu Turley When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime […]

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