Crude Oil News
More Blackouts in TX?!
Daily Standup Top Stories New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer June 9, 2024 Stu Turley New Zealand was on Saturday night expected to revoke a ban on drilling […]
Crude Oil News
Crude Oil News
New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer
New Zealand was on Saturday night expected to revoke a ban on drilling for oil and gas amid fears of blackouts, as Labour plans to impose a similar crackdown on the North Sea. The country’s coalition government […]
Crude Oil News
New Zealand Set to Scrap Oil, Gas Exploration Ban in Second Half
Government says reversing the ban will bolster energy security Green Party labels the move a backward step for climate aims New Zealand’s government is pressing ahead with plans to lift a ban on offshore petroleum […]
Crude Oil News
Major lithium discovery in fracking wastewater leaves the left facing EV ‘irony’
The discovery of the potential for thousands of tons of lithium to be extracted annually from wastewater generated by fracking in the Marcellus Shale leaves proponents of a green energy future at a crossroads, Republicans […]
Crude Oil News
Trafigura Profit Drops 73% As Oil Price Boom Fades
Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through […]
Crude Oil News
Biden Administration Seizes Opportunity to Refill SPR Amid Price Dip
The Biden administration has announced the purchase of an additional six million barrels of crude oil for the Strategic Petroleum Reserve (SPR), capitalizing on a recent dip in oil prices to bolster the nation’s emergency […]
BRICS
Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
Russian President Vladimir Putin said Friday that nearly 40% of the country’s trade turnover is now in rubles as the share conducted in dollars, euros and other “non-friendly” Western currencies has fallen away. Speaking at the St. […]
Crude Oil News
BMI Analysts Examine the Good, the Bad, and the Ugly of OPEC+ Policy
In a new BMI report sent to Rigzone by Fitch Group, BMI analysts examined “the good, the bad and the ugly” of OPEC+’s new policy. Looking at the “good”, BMI analysts noted in the report […]
Crude Oil News
China Imports of Iran Oil Up in May on Better Refining Margins
China’s imports of Iranian crude in May surged to the highest level in seven months after a recovery in refining margins. The Asian nation imported 1.54 million barrels a day of Iranian oil last month, […]
Crude Oil News
Ukraine Strikes Oil Installations in Russian Border Regions
Suspected Ukrainian drone strikes early on June 6 set Russian oil installations on fire in two regions bordering Ukraine as Russia continued to launch strikes on civilian targets in several Ukrainian regions. A drone attack on an oil refinery […]