Naval operations working for the European Union have given an update this morning (pictured above) from the Red Sea on the state of the blaze onboard the laden Sounion, a suezmax attacked multiple times last […]
DUBAI, United Arab Emirates (AP) — Fires broke out Friday on a Greek-flagged oil tanker previously attacked by Yemen’s Houthi rebels this week, with the vessel now appearing to be adrift in the Red Sea, authorities said. It wasn’t […]
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 […]
(WO) — Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. The acquisition includes 150 wells and an estimated 140 million barrels of […]
MarineTraffic / Sakis Antoniou The Sounion suezmax, badly damaged and abandoned following multiple attacks by the Houthis on Wednesday, risks spilling four times as much oil as the Exxon Valdez, arguably tanker shipping’s most famous […]
Rising oil production in the US, Guyana, and Brazil is challenging OPEC’s ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half of […]
Firms across the UK’s oil and gas supply chain have raised concerns about the government’s plans to increase windfall taxes and remove investment incentives. In an open letter to HM Treasury, 42 companies warned that […]
Citi: oil prices could be set to rebound after sell off. The recent oil price decline is primarily driven by two key factors: easing geopolitical risks, particularly in Gaza with a potential ceasefire on the […]
The pinprick attacks boost morale, but they don’t much dent Moscow’s energy earnings. While Ukraine’s surprise combined-arms incursion into the Russian oblast of Kursk gets all the headlines, Kyiv continues to carry out a parallel, […]
In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas production will grow to an average […]
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