Saudi Arabia raised pricing for its crude for shipment to Asia and the U.S. next month after OPEC + extended oil supply constraints, pointing to a tightening physical market. The world’s biggest crude exporter is boosting April pricing […]
Washington, D.C. – The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced today that contracts have been awarded from the recent Congressionally-directed Strategic Petroleum Reserve (SPR) crude oil sale. On February 11, 2021, DOE […]
Energy News Beat Publishers Note: Great Job Saudi Arabia for taking the lead on the OPEC + decisions. Showing again that Saudi Arabia is in the Oil market for the long haul. Saudi stocks rose […]
International oil prices rose after OPEC and its allies ignored India’s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the […]
Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after colder conditions drove a scramble for supplies and record high freight rates, a top LNG tanker player said. A cold snap in […]
OPEC+’s surprise move to keep a lid on crude exports is hitting oil tanker owners afresh. Shares of owners giant supertankers including Frontline Ltd., International Seaways Inc. and DHT Holdings Inc. all fell late Thursday […]
Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back. By keeping a tight grip on supply […]
Iran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S. sanctions lifted. The National Iranian Oil Co. — the state oil marketer […]
Energy News Beat Publishers Note: Get the popcorn for Thursday and Friday. I am not taking bets on oil cuts/increases/remain the same. Reports are coming out in every different direction. The global oil market is […]
India, once the center of global oil demand growth, expects its fuel consumption to bounce back during the coming year as the nation recoups the losses caused by Covid-19. Demand for gasoline, diesel and other […]
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