Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions. Hopes […]
Energy News Beat Publishers Note: This is only one small part of Iraq, Iran, and Russia’s overproduction and involvement outside OPEC + agreements. OPEC and OPEC + cannot keep their members in line with production […]
The Ninth Circuit Court of Appeals extended an emergency order blocking ConocoPhillips Alaska Inc. from opening a gravel mine site and building roads to support its Willow oil development project in the National Petroleum Reserve-Alaska. The decision […]
Enbridge has started trenching and welding for its 760,000 b/d Line 3 crude pipeline replacement in Minnesota, which is on track to start service in the fourth quarter. The right of way is “mostly clear” […]
Up and down day for the markets as new stimulus hopes couldn’t push markets green. S&P 500: 11% Nasdaq: 11% Dow Jones: -0.08% “Is the path to much higher equities becoming smaller…to put it differently, […]
New York — Crude oil futures settled lower Feb. 11, retreating from 13-month highs as traders booked profits amid mixed demand outlooks. NYMEX March WTI settled 44 cents lower at $58.24/b, and ICE April Brent declined […]
Energy News Beat Publishers Note: This means Russia and other countries that do not have the best interests of the United States has won. We are now at their mercy. More petroleum (including crude oil […]
Oil storage locations across the Americas are emptying as the remarkable rally in crude prices undermines the need to buy and stockpile barrels. Tank owners were one of the few benefactors from last year’s collapse […]
Markets mixed, Earnings are rolling out – Jobless numbers impacting – around the 10% if the people that quit looking for work included. Duke Energy Earnings NG Stocks 171 BCF Draw ET goes to renewables […]
The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said. The IEA cut forecasts for world oil consumption in 2021 by 200,000 […]
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