Salvagers successfully towed a Greek-flagged oil tanker that had been ablaze for weeks following attacks by Yemen’s Houthi rebels to a secure area, preventing any oil spill, the European Union naval mission said yesterday. The […]
The Russian oil price cap is expected to make headlines in the coming weeks as oil prices approach the moment where shipowners from across the world can make the decision whether to legitimately carry oil […]
Kamala’s slick debate stance on fracking and oil has experts questioning whether her administration has really shifted its position on energy. Kamala Harris’ seemingly slick stance on the debate stage around fracking and oil production […]
There are several critical questions facing oil and gas investors today. The two we see most often are 1: oil is going to fade away as we are near peak oil demand. And 2: Will […]
Scotland’s only oil refinery is to close by the summer of next year, with the loss of 400 jobs. Petroineos said the closure of Grangemouth was due to it being unable to compete with sites […]
Analysts at Wall Street bank UBS estimate that hurricane Francine may have disrupted up to 1.5 million barrels of U.S. crude production. The Weather Channel expects Hurricane Francine to “continue to weaken as it tracks […]
The IEA has lowered its global oil demand growth forecast for 2024 to 900,000 bpd, down from the previous estimate of 2.1 million bpd, primarily due to a significant slowdown in Chinese oil consumption. China’s […]
Daily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the […]
It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […]
Crude oil prices went down today after the Energy Information Administration reported an estimated inventory build of 800,000 barrels for the week to September 6. This compared with a draw of 6.9 million barrels for the previous week, which […]
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