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HomeCrude Oil News

Crude Oil News

Oil
Crude Oil News

Bad Policies Leave U.S. Vulnerable to Middle East Oil Crisis

October 7, 2024 Mariel Alumit

Tensions in the Middle East have been going on for a year now, and oil supply has not been disturbed. This week, geopolitical risk jumped significantly as Israel is said to be planning strikes on […]

bp
Big Oil Companies

bp drops 2030 oil output reduction target

October 7, 2024 Mariel Alumit

bp has decided to drop its goal of reducing oil and gas production by 2030 as part of a new strategy under Chief Executive Officer Murray Auchincloss. This change marks a significant shift from the […]

Climate Crisis

Oil Prices Skyrocket Overnight

October 7, 2024 Andy Del Prado

Daily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would […]

Crude Oil News

What will happen to oil prices if Israel attacks Iran oil installations?

October 6, 2024 Stu Turley

If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would likely be a significant increase, driven by concerns over supply disruptions in a region crucial for global oil production. Here’s […]

Oil
Crude Oil News

Israel-Iran Showdown Threatens India’s Energy Security

October 6, 2024 Stu Turley

Whereas the latest oil price rally comes as a boon for long-suffering oil bulls, countries that rely heavily on Middle Eastern energy imports are by no means celebrating. In August, the Middle East accounted for […]

Climate Crisis

Week Recap : EV Sales Decline, China’s Oil Moves, and U.S. Port Strike Impact

October 5, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Electric Vehicle Sales Are Stumbling. Here’s Why September 29, 2024 Stu Turley With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its […]

India
Crude Oil News

India ramps up Russian oil imports  

October 4, 2024 Mariel Alumit

  The South Asian country is looking for long-term energy supply deals with Moscow to support its rapid economic growth India’s oil imports from Russia rose in September as overall demand for hydrocarbons increased ahead […]

Oil
Crude Oil News

The Middle East Crisis Has Finally Shaken Oil Markets

October 4, 2024 Mariel Alumit

Israel’s vowed reprisals on Iran, and likely escalation afterward, have jolted complacent energy markets. All eyes are on the scale and scope of Israel’s promised response to Iran’s large-scale missile barrage on Tuesday. Few eyes […]

Oil
Crude Oil News

Oil shock? How OPEC+ could soften the blow if the Middle East conflict hits supply.

October 3, 2024 Mariel Alumit

Oil prices have climbed so far this week, with traders worried that Israel may decide to hit Iran’s oil infrastructure in retaliation to Tehran’s missile attack — but the market has a not-so-secret cushion that […]

North Sea oil and gas
Crude Oil News

North Sea oil and gas sector calls for stable tax system

October 3, 2024 Mariel Alumit

The future of the North Sea‘s oil and gas sector depends on establishing a more predictable and stable tax regime, according to new analysis from Wood Mackenzie. After years of sporadic tax changes, the UK […]

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