66% of Russian oil is struggling to find buyers currently Oil prices have surged above $110 as buyers shun Russia output Brent crude could end the year at $185 a barrel if Russian supply continues […]
Rumors that a deal on Iran’s nuclear activities could be signed within 72 hours sent oil prices lower on Thursday morning after Brent and WTI had hit nine and 11-year highs, respectively, in earlier trade. […]
Saudi Arabia, the world’s largest oil exporter, could raise its official selling prices for Asia for April to the highest differentials to benchmarks on record, as buyers scramble to secure additional crude from the Middle […]
This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]
America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory. Supply chain issues, runaway inflation and a growing labor shortage have hindered the industry’s […]
On Monday, in a statement, CEO Ben van Beurden detailed the emotional decision. “Our decision to exit is one we take with conviction,” said van Beurden. “We cannot – and we will not – stand […]
Crude oil’s rally continued unabated today even after the United States and several of its international allies said they may release oil from their reserves in response to the high prices. Reuters reported that the United States […]
In a move that likely angered his environment-conscious base, the White House has issued a muted request for U.S. oil companies to increase crude oil production in the wake of high crude oil and gasoline […]
Sanctions against Vladimir Putin’s war machine won’t really bite until they include energy. However dramatic, this is a step investors would be unwise to rule out. Sanctions on Russia announced since it invaded Ukraine last Thursday have […]
Ok, being an oilman all of my life, I have never seen a pricing matrix mess like the one the world is facing now. OPEC had lost its iron fist control over pricing, and only […]
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