Oil prices initially rose on a smaller-than-expected US producer price increase and the API’s report of declining crude oil inventories. Optimism faded after the EIA reported an inventory build, causing prices to fall. Geopolitical tensions […]
Daily Standup Top Stories Elon Musk and Donald Trump X Interview Transcript “The interview that broke the internet” Stu Turley You can say what you want about Donald Trump and Elon, but they are above […]
Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last week’s crash means Brent is still sitting comfortably above the psychologically-important $80 mark. – Ukraine’s incursion into […]
ATLASBURG, Pa. — After years of positioning herself as a climate crusader and ardent opponent of fracking, Kamala Harris has avoided mention of such credentials in this must-win state for Democrats, where natural gas drives the economy, culture and everyday […]
Daily Standup Top Stories We’re Burning More Climate-Warming Coal Than Ever. Why? August 12, 2024 Stu Turley There’s little doubt that avoiding the most dire effects of climate change requires phasing out power stations that burn […]
The Indian Oil Ministry has asked the country’s Finance Ministry to consider scrapping the windfall tax on petroleum products due to falling crude oil prices, India’s broadcaster ET Now reported exclusively on Monday, quoting sources. The oil […]
The Ghawar Field in Saudi Arabia is the largest oilfield in the world, with an estimated 170 billion barrels of original oil in place. The Burgan Field in Kuwait, the Ahvaz Field in Iran, the […]
Last year, U.S. oil and gas companies announced several massive deals. Enverus said in its latest report on M&A activity that the second quarter saw $30.2 billion worth of deals announced in the second quarter […]
The shutdown of the Sharara oil field in Libya disrupts production due to the arrest of a military leader’s son. Political instability and disputes over oil revenue sharing continue to hamper Libya’s oil industry. International […]
OPEC cuts its 2024 oil demand growth forecast by 135,000 bpd due to weaker Chinese demand. The cartel also lowered its 2025 oil demand growth estimate. OPEC acknowledges uncertainties in the global economy, impacting oil […]
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