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HomeCrude Oil News

Crude Oil News

Climate Crisis

Georgia Nuclear Boosts Energy

September 23, 2024 Andy Del Prado

Daily Standup Top Stories Georgia’s Clean Energy Outpaces Fossil Fuels with New Nuclear Boost September 22, 2024 Stu Turley For the first time ever, the U.S. state of Georgia has more clean power than hydrocarbon fueled […]

oil refiners
Crude Oil News

Indian state oil refiners seeking long-term deals with Russia – media

September 21, 2024 Stu Turley

The current practice of purchasing crude in the spot market subjects buyers to volatility and usually entails a higher price India’s state-owned oil refiners are in talks with Russia about clinching long-term supply deals, the […]

Drilling
Crude Oil News

Oil, Gas Drilling Stalls in U.S.

September 20, 2024 Mariel Alumit

The total number of active drilling rigs for oil and gas in the United States fell slightly this week, according to new data that Baker Hughes published on Friday. The total rig count fell by […]

TotalEnergies
Big Oil Companies

TotalEnergies Set to Develop $9 Billion Suriname Oil Resources

September 20, 2024 Mariel Alumit

French supermajor TotalEnergies has started to scour the market for deepwater rigs and support vessels to begin development of massive resources discovered offshore Suriname, anonymous sources with knowledge of the tenders told Bloomberg on Friday. Exploration and […]

Crude Oil News

What do the markets think about oil prices through the rest of 2024

September 20, 2024 Stu Turley

Conclusion on Oil Price Forecasts for 2024 ​The consensus among market analysts indicates that oil prices will likely remain elevated for the remainder of 2024, with projections suggesting an average price range for Brent crude […]

Oil
Crude Oil News

Has Sentiment Finally Shifted in Oil Markets?

September 20, 2024 Mariel Alumit

Oil prices are on track to post a second weekly gain as bullish sentiment builds and the prospect of a prolonged price rally becomes increasingly likely. Friday, September 20th, 2024 Oil prices are set to […]

US
Crude Oil News

US threatens Russia with new oil sanctions

September 20, 2024 Mariel Alumit

Moscow has warned against overestimating the significance of measures taken by Washington The White House may escalate sanctions on the Russian energy sector, a senior US official revealed on Thursday. Moscow has said threats and […]

Crude Oil
Crude Oil News

Saudi Arabia’s Crude Oil Exports Slumped to an 11-Month Low in July

September 19, 2024 Mariel Alumit

Saudi Arabia’s crude oil exports fell in July due to increased domestic consumption for power generation. Despite a rise in production, Saudi Arabia maintained its pledge to keep output around 9 million bpd. Saudi Arabia […]

Oil Prices
Crude Oil News

Oil Prices Resume Post-Cut Rally Despite Demand Doubts

September 19, 2024 Mariel Alumit

Oil prices climb on the Fed’s rate cut, initially dampened by worries about the U.S. economy but lifted by ongoing tensions in the Middle East. Geopolitical uncertainty, including explosions in Lebanon, contributes to a shift […]

Production
Climate Crisis

Biden’s ‘Record’ Energy Production Largely Due To Trump’s Oil And Gas Leasing Policies

September 19, 2024 Mariel Alumit

The increase in fossil fuel production on federal lands that Biden-Harris are taking credit for is largely the result of generous leasing under Trump. Is Joe Biden the “Drill, Baby, Drill” president? My AEI colleague […]

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