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HomeCrude Oil News

Crude Oil News

Crude Oil News

Oil’s Uncertain Future

September 19, 2024 Andy Del Prado

Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]

Oil
Crude Oil News

Oil Is Not Out of the Woods Yet

September 18, 2024 Stu Turley

Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being fueled by the U.S. Federal Reserve, which is later today expected to announce the first rate […]

Red Sea
Crude Oil News

Sounion salvors prep next stage in race to avert Red Sea environmental disaster

September 18, 2024 Mariel Alumit

Satellite images confirm the burning Sounion’s new location, 81 km offshore Eritrea in the Red Sea following a delicate towing operation over the weekend. The Delta Tankers vessel remains on fire, according to images sent […]

petroleum crude
Crude Oil News

India scraps windfall tax on petroleum crude

September 17, 2024 Mariel Alumit

Sept 17 (Reuters) – The Indian government has cut the windfall tax on petroleum crude to zero from 1,850 rupees per metric ton, effective from Sept. 18, a notification issued on Tuesday showed. The Indian […]

Oil
Crude Oil News

The Latest Oil Price Crash Appears to Have Come to an End

September 17, 2024 Mariel Alumit

Oil prices have fallen dramatically in recent weeks, but supply disruptions and optimism around a potential U.S. interest rate cut appear to have halted that downward momentum. – The marked shift in oil sentiment recently […]

Oil prices
Crude Oil News

Oil prices steady with spotlight on US rate verdict

September 17, 2024 Mariel Alumit

Sept 17 (Reuters) – Oil prices held steady on Tuesday in choppy trade as the focus turned to the U.S. Federal Reserve’s policy meeting that concludes on Wednesday, while fears of weaker demand in China […]

Denmark
Crude Oil News

Can Denmark Use International Law to Fight Russia’s Shadow Fleet?

September 17, 2024 Stu Turley

Revisionist powers like to use international law as a weapon. Now the West is thinking creatively, too—to uphold the order, not break it. Small European states, such as Denmark, face daily the threat of an […]

Sounion successfully towed away
Crude Oil News

Sounion successfully towed away from Yemeni coastline

September 17, 2024 Stu Turley

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 […]

Russian oil cap
Crude Oil News

Russian oil cap in focus as prices plummet

September 16, 2024 Mariel Alumit

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 […]

Debate
Climate Crisis

Kamala Dodges On Fracking At Debate, Sparking Doubts Among Energy Experts

September 15, 2024 Stu Turley

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 […]

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