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HomeCrude Oil News

Crude Oil News

Alaska - Native Leaders React - Point Hope
Crude Oil News

Alaska Native leaders react to Biden’s executive orders

January 28, 2021 Stu Turley

POINT HOPE, AK – President Joe Biden has issued a flurry of executive orders that will have considerable economic impacts on the indigenous people of Alaska. His moratorium on oil and gas activity in the […]

Saudi Aramco leverages technology to boost sustainability - Energy News Beat
Crude Oil News

Indications from Saudi Aramco CEO leverages technology to boost sustainability

January 28, 2021 Stu Turley

Saudi Aramco is using new and developing technologies to accelerate its energy transition plans and to decrease carbon emissions. “Our reliability for 2020 is 99.8 percent, one of the highest in the world in terms […]

Bidens Freeze on Drilling Leases Disrupts New Mexico - Energy News Beat
Crude Oil News

Biden’s Freeze on Drilling Leases Disrupts New Mexico

January 28, 2021 Stu Turley

SANTA FE, N.M.—Lance Wilbanks was looking forward to a rebirth for his trucking company, which saw its business hauling drilling rigs across southeastern New Mexico drop from around two dozen a month to just a […]

Iranian-flagged MT Horse
Commodities

China’s Binge on Iranian Oil in Focus Following Tanker Seizures

January 28, 2021 Stu Turley

An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Iranian-flagged — on Sunday […]

Commodities

Overnight Oil Report 1/28/2021 – Despite $CL stock draw, prices range ahead of vaccine rollout

January 28, 2021 Mariel Alumit

Singapore — 0336 GMT: Crude oil futures declined in mid-morning trade in Asia Jan. 28, despite a fall in US inventories, as worries over global growth recovery came back to the fore after the International […]

China Refiner - Energy News Beat
Crude Oil News

China refining growth supports crude demand

January 27, 2021 Stu Turley

 Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]

How Will Biden’s Presidency Impact South America’s Oil Boom - Energy News Beat
Crude Oil News

Biden’s oil and gas ban immediately challenged in Federal court

January 27, 2021 Stu Turley

The Biden administration’s moratorium of oil and gas leasing on federal public land faced an immediate legal attack from an energy industry group. Western Energy Alliance, which says it represents 200 oil and natural gas […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/27/2021 – Crude draws can’t lift prices

January 27, 2021 Mariel Alumit

Stocks fall sharply from disappointing earnings (beside Gamestop…). Boeing fell more than 4% after its earnings report showed 2020 net loss hit a record of $11.9 billion amid the 737 Max grounding and the coronavirus pandemic. S&P […]

Oil Rises With Market Structure Pointing to Tight Global Supply- Energy News Beat
Commodities

Oil Rises With Market Structure Pointing to Tight Global Supply

January 27, 2021 Stu Turley

Oil rose as signs of tightening supplies around the world offset concerns over the pandemic’s latest hit to demand. U.S industry data pointed to a sharp drop in the nation’s crude stockpiles last week. If confirmed by […]

Crude Oil News

Overnight Oil Report 1/27/2021: Is $GME an energy stock?

January 27, 2021 Mariel Alumit

ENB Publishers Note:  Too bad oil price’s don’t move like $GME (ok final reference for the day) huh? Crude oil prices stay flat even mid bullish draw according to the API.  Traders wait for EIA […]

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