Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]
Politicians at the European Parliament are likely to vote today in favour of a series of measures taking aim at Russia’s shadow fleet. The package of measures follow on from the UK’s decision last month […]
The FT writes, US oil execs are eagerly awaiting Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill,” production is unlikely to increase significantly during his second term in […]
Trump will encounter a very different mindset of shale industry executives in 2025 compared to the late 2010s. Discipline and a pragmatic approach to balancing production growth with shareholder returns are likely to hold in […]
The risk/reward balance here gets very interesting. Coterra Energy, the $20 billion publicly traded exploration & production (E&P) operator, announced two separate acquisition agreements in the Permian totaling $3.95 billion. The deal “consist[s] of $2.95 […]
Canada is the biggest foreign supplier of crude oil to U.S. refiners. Canada’s energy exports to the United States were worth close to $160 billion—most of that in the form of crude oil, refined products, […]
China’s weak oil demand has already thrown OPEC+ off track in its supply-management policies. Trump’s energy policies could create a new challenge for OPEC in 2025. Amidst further uncertainties about global oil supply and demand […]
Exxon Mobil Corp. will offload some of its conventional oil assets in the Permian Basin, selling to Hilcorp Energy for approximately $1 billion, according to industry insiders who spoke to Reuters on Tuesday. This move […]
A cargo of Russian oil appears to have been switched between ocean-going tankers near a Spanish exclave in north Africa, restoring a clandestine practice that Madrid thought it had ended last summer. On Saturday, the […]
Speculation over Iran blocking the Strait of Hormuz, a critical oil chokepoint, has resurfaced amid Middle East tensions. The U.S. and European naval presence in the Persian Gulf could quickly counter any blockade attempt, which […]
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