Iran has signaled it has no intention to negotiate the release of the South Koran fuel tanker that the Iranian military seized earlier this week in the Strait of Hormuz. Korean media quoted a statement […]
Total US crude exports averaged 2.73mn b/d in November, down from 2.91mn b/d in October, according to trade data released today by the US Census Bureau. China had been the top destination for US crude […]
The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]
LONDON/LAGOS: Nigeria‘s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said. If the […]
ENB Publishers Note: Some overnight bullish sentiment was capped as both the Asian and Euro opens bid oil down after a 8 mm/bbl per day draw from stocks help bid prices up above $51. Follow […]
Markets split after it appears Democrats will win both Senate seats in GA, moving Dow Jones higher off fresh stimulus hopes while tech stocks loss amid what could be changing regulations for them with a […]
Energy News Beat Publishers Note: We have to applaud the leadership in India for looking at the lowest cost energy for their people. They also look at all forms of power to include solar, wind, […]
ENB Publishers Note: Energy investor rejoice as Saudi hands US Shale a gift. Remember, Saudi is NOT a company, but a country. Crown Prince MBS does not care about the health of $REI rather the […]
Markets rebound to set the first positive trading day of 2021, with the Dow Jones up over 200 pts as traders weigh COVID-19 and GA Senate election outcomes S&P 500: 0.93% Nasdaq: 0.76% Dow Jones: […]
Energy News Beat Publishers Note: With the wild ride on OPEC meetings this week, this news is going to make it tougher for OPEC to control the members quotas for production. Therefore making the pricing […]
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