Crude Oil News
I See a Bull Oil Market On the Horizon
There are several critical questions facing oil and gas investors today. The two we see most often are 1: oil is going to fade away as we are near peak oil demand. And 2: Will […]
Crude Oil News
Crude Oil News
Scotland’s only oil refinery confirmed to close next year
Scotland’s only oil refinery is to close by the summer of next year, with the loss of 400 jobs. Petroineos said the closure of Grangemouth was due to it being unable to compete with sites […]
Crude Oil News
UBS: Francine May Have Disrupted 1.5 Million Barrels of U.S. Crude
Analysts at Wall Street bank UBS estimate that hurricane Francine may have disrupted up to 1.5 million barrels of U.S. crude production. The Weather Channel expects Hurricane Francine to “continue to weaken as it tracks […]
Crude Oil News
IEA Slashes Oil Demand Growth Forecast
The IEA has lowered its global oil demand growth forecast for 2024 to 900,000 bpd, down from the previous estimate of 2.1 million bpd, primarily due to a significant slowdown in Chinese oil consumption. China’s […]
Climate Crisis
Experts Dismiss Kamala’s Plan
Daily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the […]
Crude Oil News
Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members
It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the months-long oil price selloff. Back in July, Russia, Iraq and Kazakhstan submitted their compensation plans to the OPEC Secretariat […]
Crude Oil News
Oil Moves Lower as EIA Confirms Small Crude, Gasoline Build
Crude oil prices went down today after the Energy Information Administration reported an estimated inventory build of 800,000 barrels for the week to September 6. This compared with a draw of 6.9 million barrels for the previous week, which […]
Crude Oil News
Transocean clinches $232m drillship deal with BP
Swiss-based offshore drilling giant Transocean has won a 365-day contract for one of its ultra-deepwater drillships. The contract was awarded by energy major BP to the 2022-built Deepwater Atlas which will work in the US […]
Climate Crisis
2024 Debate’s Energy Impact
Daily Standup Top Stories In Germany, The Green Energy Transition Is Only Getting Worse September 10, 2024 Andy Del Prado Germany is running faster and faster to stay in place. In the meantime, it is destroying […]
Crude Oil News
Permian Basin Gas Pipeline Capacity Set to Increase with New Projects
Natural gas pipeline capacity in the Permian Basin is gearing up for significant gains with the upcoming launch of the Matterhorn Express Pipeline. The 2.5 billion cubic feet per day (Bcf/d) pipeline, expected to begin […]