The race is on just outside the Philippine capital to avert the worst oil spill in the country’s history. A 22-year-old tanker carrying industrial fuel oil capsized and sank 3.6 nautical miles off Lamao Point […]
Rystad: global recoverable oil reserves held largely steady at around 1,500 billion barrels. The largest downward revisions are seen in Saudi Arabia, where development priorities have shifted from offshore capacity expansions to onshore infill drilling. […]
Another week, another deal! Grayson Mill finally decided to divest after floating out in mid-January that they were looking at an exit, and EnCap got everything they wanted! John Ferrell (CEO and Co-Founder of Well […]
Crude oil inventories in the United States fell again this week, this time by 3.9 million barrels for the week ending July 19, according to The American Petroleum Institute (API). The reality was a far […]
Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an inventory decline of 3.7 million barrels for the week to July 19. This compared with an inventory draw of 4.9 million barrels estimated by the […]
A 22-year-old tanker carrying industrial fuel oil capsized and sank 3.6 nautical miles off Lamao Point in the Philippines due to rough seas on Thursday. The incident which involved the Philippine-flagged TerraNova tanker, carrying 1,494 […]
Daily Standup Top Stories Kamala Harris: ‘No question’ I Would Ban Fracking July 23, 2024 Mariel Alumit The reality is that Kamala Harris has made her position on fracking perfectly clear. Source: Realclearenergy.org Take the Survey […]
Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden’s decision to drop out of the presidential race. – The Asian oil market […]
The discount of WTI Crude to the international benchmark Brent Crude has dropped from nearly $20 per barrel in the early 2010s to below $3 a barrel today. Increased domestic offtake capacity and better pipeline […]
Analysis of satellite and AIS data shows these ships still play a role in Iran’s oil sector, but experts insist the financial restrictions are nonetheless degrading Iran’s capabilities IT IS no secret that tankers engaged […]
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