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HomeCrude Oil News

Crude Oil News

Russian Oil Depot
Crude Oil News

Russian Oil Depot Fire Rages on After Ukraine Drone Attack

August 19, 2024 Mariel Alumit

A raging fire continued on Monday at a Russian oil depot in the southern Rostov region, a day after Ukraine launched a drone attack on the facility, with local media reporting that at least 40 […]

rail
Crude Oil News

Canadian rail strike set for Thursday

August 19, 2024 Mariel Alumit

Canada looks set to be hit by industrial action at its two main freight rail companies from this Thursday as employers and employees made their positions clear over the weekend with no deals in sight […]

Zombie Wells
Crude Oil News

Zombie Wells: A $280 Billion Problem the U.S. Can’t Ignore

August 17, 2024 Stu Turley

Millions of abandoned oil and gas wells in the US pose a serious environmental and public health risk. The Bipartisan Infrastructure Law allocates $4.7 billion to address the issue, but the estimated cleanup cost is […]

Coal

Week Recap: Net Zero, Oil Efficiency, and Global Trade Tensions

August 17, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Politicians Backing Net Zero Working Hard To Make Gas Prices Much Higher August 10, 2024 Stu Turley The only way for ‘net zero’ politicians like Kamala Harris to eliminate gasoline is […]

Crude Oil News

Chinese oil company reveals loss of Utah drilling rights years afterward

August 16, 2024 Mariel Alumit

HONG KONG — A Hong Kong-listed Chinese oil company has disclosed that it lost the bulk of its oil and gas rights in the U.S., with the announcement coming years after the contracts were terminated. […]

Crude Oil News

Top US oil group expands in Russia as rivals pull out

August 16, 2024 Mariel Alumit

The world’s biggest oilfield services company is expanding in Russia following the exit of its main western rivals since Moscow’s full-scale invasion of Ukraine. SLB, the Houston-based company formerly known as Schlumberger, has signed new […]

Crude Oil News

Chevron to pay $550 million settlement to Richmond, California

August 16, 2024 Mariel Alumit

(Reuters) Chevron Corp is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on […]

Oil
Crude Oil News

DAVID BLACKMON: Energy Companies May Be On Cusp Of Uncorking Next Massive Oil, Gas Boon

August 16, 2024 Mariel Alumit

Constantly advancing technology has always been the driver behind the advance of the oil-and-gas industry since the first successful U.S. well was drilled by Edwin Drake near Titusville, Pennsylvania, in 1859. The Drake well was […]

Imports
Coal

What China’s Commodity Imports Say About Its Economy

August 15, 2024 Mariel Alumit

China’s coal imports are soaring, driven by rising power demand and low international prices. LNG imports have also increased due to lower spot prices and growing demand for transportation fuel. Crude oil imports have declined, […]

Oil Prices
Crude Oil News

Geopolitical Risk Props Up Oil Prices After a Two-Day Dip

August 15, 2024 Mariel Alumit

Oil prices rose after a two-day slump, fueled by worries about potential conflict in the Middle East following the killing of a Hamas leader. This price increase came despite a surprise inventory build reported by […]

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