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HomeOil

Oil

EnergyNews

Traders, funds bullish on oil price despite banking woes

March 22, 2023 Mariel Alumit

The biggest oil traders and energy hedge funds speaking at the FT Commodities Global Summit struck a bullish tone despite banking jitters, and see a jump in oil prices by the year end. Pierre Andurand, […]

Crude Oil News

Oil rises for second day as banking fears ease for now

March 21, 2023 Mariel Alumit

​ Brent, U.S. crude hit lowest in 15 months on Monday U.S. Fed begins two-day meeting on Tuesday Oil drop is speculative, not based on fundamentals – Andurand U.S. crude, product stocks expected to drop […]

oil
Aljazeera International

How will a major oil project change East Africa?

March 21, 2023 Mariel Alumit

On Tuesday, March 21 at 19:30 GMT:Government leaders in Uganda and Tanzania say a rapidly developing oil drilling and cross-border pipeline programme will lift people’s living standards across the region. But some residents living near […]

Oil
Crude Oil News

Oil’s Rout Gathers Pace as WTI Sinks Below $65 Amid Bank Crisis

March 20, 2023 Mariel Alumit

​Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 […]

Oil
Big Oil Companies

Oil Majors Juggle Cheaper Crude With Lower Emissions

March 17, 2023 Mariel Alumit

The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future.    Unfortunately for Big Oil, not all basins and […]

OPEC
Crude Oil News

OPEC+ Views Oil Price Drop as Financially Driven, Delegates Say

March 17, 2023 Mariel Alumit

OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply, and expects the market to stabilise, four delegates […]

EnergyNews

Oil’s Rout Shows China Demand Hope No Match for Macro Collapse

March 16, 2023 Mariel Alumit

​This year the oil market has seen a tussle between those believing China’s demand will surge and others worried about an economic slump in Europe and the US. On Wednesday, the bears won.Oil tumbled to […]

Offshore

Controversial Bay du Nord oil project awaits outcome of court challenge

March 16, 2023 Mariel Alumit

Photo: Illustration of Bay du Nord FPSO; Source: Equinor Back to overview Home Fossil Energy Controversial Bay du Nord oil project awaits outcome of court challenge PremiumIllustration of Bay du Nord FPSO; Source: Equinor March […]

Big Oil Companies

How is European and U.S. oil majors’ energy transition journey shaping up?

March 15, 2023 Mariel Alumit

Home Fossil Energy How is European and U.S. oil majors’ energy transition journey shaping up? While the transition to low-carbon and green sources is making strides on the global energy stage, the major energy players […]

Big Oil Companies

US oil output to grow by 500,000 bpd in 2023, says Occidental Petroleum Exec

March 8, 2023 Mariel Alumit

U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president of Oxy Energy Services at Occidental Petroleum Corp […]

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