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HomeCrude Oil News

Crude Oil News

Cook Islands
Crude Oil News

Dark fleet additions see Cook Islands become a top 30 flag

July 29, 2024 Mariel Alumit

A flag featuring the Union Jack of the United Kingdom has become a go-to register for Russian-linked ships. Gabon has been elbowed out by the Cook Islands in the top 30 flag leaderboard compiled by […]

Vital Energy
Crude Oil News

Vital Energy nearing a deal to buy Point Energy for $1.1 billion, sources say

July 28, 2024 Michael Tanner

NEW YORK, July 28 (Reuters) – Vital Energy (VTLE.N), opens new tab is closing in on an all-cash deal to acquire private equity-owned Point Energy Partners for $1.1 billion, people familiar with the matter said on Sunday, […]

Canada
Crude Oil News

Canada is proposing to lead on climate – but it’s doubling down on oil

July 26, 2024 Mariel Alumit

Like all major rivers winding through the country, Canada’s most controversial oil pipeline is destined for the ocean. The Trans Mountain pipeline crosses two provinces, threads a national park in the Rocky Mountains, dips underneath […]

worst oil spill
Crude Oil News

The Philippines ‘racing against time’ to avert nation’s worst oil spill

July 26, 2024 Mariel Alumit

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 […]

Vital Energy
Big Oil Companies

Rystad: OPEC’s Oil Reserves are Much Lower Than Officially Reported

July 25, 2024 Mariel Alumit

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. […]

Crude Oil News

Deal Spotlight Episode #8: Devon + Grayson Mill

July 25, 2024 Mariel Alumit

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
Crude Oil News

U.S. Crude Oil Inventories Continue to Fall

July 25, 2024 Mariel Alumit

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 […]

Oil
Crude Oil News

Oil Moves Higher on Crude, Fuel Inventory Draw

July 25, 2024 Mariel Alumit

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 […]

tanker
Crude Oil News

Manila braces for oil spill as tanker sinks

July 25, 2024 Mariel Alumit

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 […]

Climate Crisis

Day 1 Kamala Harris Will Kill Oil and Energy

July 24, 2024 Andy Del Prado

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 […]

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