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HomeCrude Oil News

Crude Oil News

U.S. seizing tankers has failed to stop Iran's oil exports, minister says
Crude Oil News

U.S. seizing tankers has failed to stop Iran’s oil exports, minister says

March 12, 2022 Stu Turley

ENB Publishers Note: Sanctions do not work. Iran has found a way around them for years. Russia has already got things lined up to survive sanctions. Only the consumers of all countries buying and selling […]

Gasoline prices displayed at a Chevron station in Los Angeles, on March 7.Photographer: Marcio Jose Sanchez/AP
Climate Crisis

What does California’s high gas prices at the pump have to do with Russia and Iran sanctions?

March 11, 2022 Stu Turley

California’s energy policies have continued to negatively impact its citizens over the last 10 years. and the world’s geopolitical situations have just caused some real problems for oil prices.  While the Russian and Iranian geopolitical […]

Oil Prices Ease As U.S. Rig Count Jumps
Crude Oil News

Oil Prices Ease As U.S. Rig Count Jumps

March 11, 2022 Mariel Alumit

The number of total active drilling rigs in the United States rose by 13 this week. U.S. oil rig count rises by 8 rigs. The rig count in the Permian Basin rose by 6 this […]

CERAWEEK U.S. energy secretary urges companies to boost oil, gas output
Crude Oil News

CERAWEEK U.S. energy secretary urges companies to boost oil, gas output

March 10, 2022 Mariel Alumit

HOUSTON, March 9 (Reuters) – Any oil and gas company that can increase supply should do so quickly due to the growing energy crisis following Russia’s invasion of Ukraine, U.S. Energy Secretary Jennifer Granholm said […]

Crude Oil News

Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports

March 9, 2022 Andy Del Prado

Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is absolutely clear that a […]

Shell
Crude Oil News

Shell to halt buying Russian oil and gas and Unilever to stop sales in Russia

March 8, 2022 Andy Del Prado

Shell has announced plans to withdraw from Russian oil and gas and Unilever has said it will stop selling its products in Russia, amid an exodus of big British companies from Russia after its invasion […]

Crude Oil News

Biden announces ban on Russian energy imports

March 8, 2022 Andy Del Prado

(CNN) President Joe Biden on Tuesday announced his administration is banning Russian oil, natural gas and coal imports to the US in response to the Russian invasion of Ukraine, a step he warned could lead to a spike […]

Commodities

Oil jumps to $130 with U.S. and U.K. set to ban Russia imports

March 8, 2022 Mariel Alumit

(Bloomberg) — Oil extended its rally as the U.S. and U.K. said they plan to ban Russian oil imports while oil giant Shell Plc announced it will also halt purchases from the country. Brent crude […]

'Extraordinary times demand extraordinary measures Elon Musk says the US needs to increase oil and gas output
Crude Oil News

‘Extraordinary times demand extraordinary measures’: Elon Musk says the US needs to increase oil and gas output

March 8, 2022 Mariel Alumit

Tesla CEO Elon Musk said the US needs to increase its oil and gas output following Russia’s invasion of Ukraine. “Hate to say it, but we need to increase oil & gas output immediately,” Musk said […]

Commodities

Is Big Oil Overselling Its Energy Transition Efforts?

March 7, 2022 Andy Del Prado

February has been a month marked by explosive reports revealing sweeping greenwashing campaigns by the fossil fuels industry. As the dust settles from the first waves of the novel coronavirus pandemic, investigative watchdogs are taking […]

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