Russia has unleashed a wave of attacks on Ukraine, targeting fuel facilities and airfields in what appears to be the next phase of an invasion that has been slowed by fierce resistance. Huge explosions lit up […]
The Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Ukraine unfolds. Half a dozen […]
ENB Publishers Note: On 2-26-2022 Bloomberg published- “JP Morgan will hit $120 in Q2” – ENB had projected $120 those numbers in Q4 2021 as the geopolitical, supply and demand, and world producers announced their […]
Diamondback Energy Inc. Chairman and CEO Travis Stice said the shale driller will maintain flat production in the Permian Basin this year. The Texas wildcatters that launched the U.S. shale boom are resisting the temptation to pump […]
REAL TIME ECONOMICS Sign up for the WSJ e-mail reports and subscription. From Russia With Love The global economy has one more disruption to deal with. Russia’s decision to deploy troops to two breakaway Ukrainian […]
Source: WSJ Spurred by the highest oil prices in years, shale companies are moving drilling rigs back into oil fields that were all but abandoned a few years ago. Private oil producers are leading an industry […]
Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since […]
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the […]
Oil consumption could surge more than previously expected and reach record levels this year, a global energy watchdog said, as restrictions to combat the coronavirus ease faster than anticipated, global economic growth mounts and pent-up […]
This week, U.S. energy firms added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since […]
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