NEW YORK, May 20 (Reuters) – Oil prices eased about 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs that inflation was declining before the central bank starts cutting interest […]
North America dropped one rig week on week, according to Baker Hughes’ latest rotary rig count, which was released on May 17. Although the U.S. added one rig week on week, Canada dropped two during […]
Physical crude oil markets have weakened as demand is underperforming expectations amid sufficient supply, analysts and traders have told Reuters. Demand appears to be especially underwhelming in Europe, where the key crude grades that underpin the […]
ENB Pub Note: And Africa should put Africa first. Create jobs and prooducts, improve the grid, use all of their natural resources and not let the western governments force bad energy policies on them. […]
A Turkey-flagged product tanker was boarded and robbed southwest of Nova Sintra, Cape Verde early on Friday morning in a significant escalation in terms of the way pirates treat seafarers off West Africa. According to […]
On Saturday, the Houthis struck a shadow tanker with a history of hauling Venezuelan and Russian oil. None of the 23 Filipino crew was injured when the 21-year-old vessel was hit. US Central Command said […]
Weekly Daily Standup Top Stories 25 States Sue EPA Over Unachievable Power Plant Regulations May 11, 2024 Stu Turley West Virginia and Indiana are leading a group of 25 states asking for the U.S. Court of […]
Total technically recoverable resources of oil in the U.S. amount to 1.66 trillion barrels. That’s according to a new report from the Institute for Energy Research (IER), which was sent to Rigzone recently, which noted […]
A report from Allianz SE highlights the serious environmental and safety risks posed by a burgeoning “shadow fleet” of oil tankers carrying sanctioned Russian crude. Over the past three years, as international sanctions on Russian […]
The world’s 60 largest banks have invested $6.9 trillion in the oil and gas industry since the Paris Agreement was signed in 2016. Oil Change International reported, $3.3 trillion went towards expanding the production of […]
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