Despite record-breaking EV sales in China and Norway, global oil demand remains strong. While China’s EV market surges, its oil demand continues to grow modestly, but India is emerging as the primary driver of global […]
The LNG carrier Pioneer, carrying sanctioned Russian LNG, was unable to find a buyer after a four-month global search. The ship was forced to return to the Koryak floating storage unit in Kamchatka, where the […]
ENB Pub Note: This is true madness. I will get the bill and cover it on my podcast – this will do nothing for the climate but will hurt New York Consumers. She (Gov Hochul) […]
ENB Pub Note: This article is from Oilprice.com and Irina Slav. She nails the breaking story, and I have been recording hours of podcasts about the Middle East, Syria and Turkey in the last week. […]
2024 has been another strong year for the offshore drilling market with high rig, OSV and subsea utilization and day rates. Analysts wonder whether oil prices will remain high enough to support the offshore oil […]
Oil prices in 2024 were heavily influenced by Chinese demand and Middle East tensions, while US shale producers consolidated and remained cautious about production growth. Natural gas demand surged due to increased electricity consumption, driven […]
ENB Pub Note: Michael and I will cover this on our next podcast. As I have said, there will be no “Drill Baby Drill”, it will be more like: “Drill Baby when fiscally responsible.” Goehring […]
Electric vehicle manufacturer Tesla is recalling 700,000 vehicles in the US due to a malfunction in the tire pressure monitoring system, raising the likelihood of accidents, the Associated Press has reported, citing a safety […]
A hot question for an iffy situation. So here are the holders as of Q3. By Wolf Richter for WOLF STREET: The US national debt keeps ballooning at an amazing rate and has now reached $36.16 trillion. These […]
Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.
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