Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. […]
World Oil (WO) – Zephyr Energy plc provided updates on its non-operated asset portfolio in the Williston basin, North Dakota, U.S. In December 2022, the company announced that it had acquired a working-interest in six recently […]
Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment […]
The G7 and EU have imposed a $60 per barrel price ceiling mechanism in an effort to curtail Moscow’s energy revenues The average price of Russia’s flagship Urals blend of crude oil was $81.52 a […]
Daily Standup Top Stories Russia’s Oil Exports Climb Despite Its Commitment To Cut Supply November 1, 2023 Mariel Alumit By Tsvetana Paraskova of OilPrice.com Russia’s crude oil exports by sea have been exceeding the country’s targeted […]
Remember when we mocked the BEA’s recent report that Q3 GDP had hit a scorching 4.9% (well above estimates) on the back of such laughably “growth” factors as surging inventories and government consumption… … and […]
Without crude oil that is the basis for most of the products now in society, citizens of developing nations may never be able to enjoy the abundant lifestyles available to wealthier countries. As California is […]
It didn’t make a ton of news in the United States media, but a new study published by the International Energy Agency in mid-October emphasizes the enormous potential roadblock to a successful energy transition posed […]
OSLO, Norway — With motor vehicles generating nearly a 10th of global CO2 emissions, governments and environmentalists around the world are scrambling to mitigate the damage. In wealthy countries, strategies often revolve around electrifying cars — and […]
November 1, 2023 Data source: Bloomberg L.P. Note: RBOB=reformulated blendstock for oxygenate blending Low gasoline demand in combination with the seasonal switch to winter-grade gasoline has made gasoline less profitable to produce, reducing the difference […]
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