The latest Western restrictions are expected to disrupt Moscow’s oil supply to its biggest buyers, China and India India, the world’s third-largest oil importer, is not expecting any disruption to its oil purchases from Russia in the next two months, despite the latest US and UK measures against Moscow’s energy sector. A senior government official […]
Continue ReadingChinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow\’s top customers, traders and analysts said. The US Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and […]
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Western officials have told Indian companies to “carefully evaluate their exports” to Moscow to avoid being sanctioned Officials from the US and EU have urged Indian exporters to evaluate their trade with Russia carefully to ensure compliance with their sanctions, according to a report by the Hindu Business Line. The outlet’s sources said that […]
Continue ReadingDaily Standup Top Stories Job One for Doug Burgum at Interior – David Blackmon December 11, 2024 Clark Savage Anticipating a potential Donald Trump win over first Joe Biden and then Kamala Harris in the presidential race, officials and bureaucrats have spent the last 12 months pushing out as many new regulations as they […] Oil Wobbles […]
Continue ReadingDaily Standup Top Stories California’s New Fuel Rules Could Raise Gas Prices by $0.50 Per Gallon November 12, 2024 Mariel Alumit California’s Air Resources Board recently amended the Low Carbon Fuel Standard, increasing target reductions despite affordability concerns. Consumer advocates fear that this move could raise gasoline prices by almost 50 cents per gallon. Currently, Californians […] […]
Continue ReadingDaily Standup Top Stories Electrifying Everything Means Higher Energy Costs For Consumers. These DOE Numbers Prove It (Again) October 20, 2024 Stu Turley ENB Pub Note: Robert Bryce has been on the ENB podcast and the Energy Realities and we highly recommend you subscribe to his Substack Here: https://robertbryce.substack.com/ Last year, Stacey Abrams, a prominent Democrat […]
Continue ReadingDaily Standup Top Stories Oil Prices Tumble as Demand Concerns Take Center Stage October 15, 2024 Mariel Alumit Oil prices fell early on Tuesday morning as fears faded of Israel striking Iranian oil facilities and traders refocused on growing demand concerns. – The September monthly average refining margin fell to its lowest for the month since […] Israel Vows It […]
Continue ReadingDaily 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 power in its grid. Unit 3 and Unit 4 at Plant Vogtle near Waynesboro, Georgia, have started commercial […] Shock Drop: […]
Continue ReadingDaily Standup Top Stories OPEC+ Close to Delaying Oil Supply Increase, Delegates Say September 4, 2024 Stu Turley Group had scheduled October production boost of 180,000 b/d Rethink comes after downbeat economic data from China, US OPEC+ is close to agreement on delaying a planned increase in oil production after prices plunged amid fragile […] Facts & […]
Continue ReadingWeekly Daily Standup Top Stories Is China’s Demand for Oil Nearing Its Peak? August 25, 2024 Stu Turley China’s oil imports in July were down 12% from June and 3% from July 2023, raising concerns about the country’s economic health and future oil demand. Factors such as the rise of electric vehicles, the […] State Rankings: Electric […]
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