Crude oil inventories in the United States fell by 4.339 million barrels for the week ending September 20, according to The American Petroleum Institute (API). Analysts had expected a drop, but a much smaller one […]
Shockingly, energy policymakers do not understand that electricity and transportation cannot exist without products made from fossil fuels. Political bureaucrats and policymakers seem to be oblivious to humanity’s addiction to oil, as they are to […]
15 oil tankers have crossed the Arctic waters so far this year With a month to go that already exceeds last year’s total Russia has already dispatched a record amount of oil through its section […]
The European Union and 12 partner countries have met in Brussels to discuss the effectiveness of Western sanctions on Russia and ways to strengthen the G7 price cap on Russian oil, the EU Commission said […]
Daily Standup Top Stories Trouble Deepens for North Sea Oil and Gas September 24, 2024 Mariel Alumit North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now […]
The UK government is cracking down on a London-based entity, Nest Wise Trading Ltd, linked to Iranian oil tycoon Hossein Shamkhani. The action is part of a broader effort by the UK and US to […]
Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank’s outlook is driven by several key factors, including a recent interest rate cut […]
CHEYENNE, Wyo. — In a new release, the Bureau of Land Management announced that it will be leasing a total of 4,641.95 acres of land over eight separate parcels for oil and gas production beginning […]
North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was […]
Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and […]
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