Crude Oil News
Tanker tin foil hats on
If you have spent the last 40 days or so under your desk wearing a tin foil hat to keep out the geopolitical noise, then you have my sympathy. As the new US administration thrashes […]
Crude Oil News
Crude Oil News
US Imposes Fresh Sanctions Targeting Iran Shadow Fleet
The Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” […]
Crude Oil News
UK blacklists 40 shadow fleet ships
The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned […]
Big Oil Companies
Shearwater Geoservices gets work in oil-rich Guyana with ExxonMobil
Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by US supermajor ExxonMobil in Guyana. Under the award, Shearwater will commence a six-month […]
Crude Oil News
ConocoPhillips to sell interest in Gulf of America assets to Shell for $735 million
ENB Pub Note: I had to change the title to “Gulf of America” as World Oil published with “Gulf of Mexico” – just trying to help. ConocoPhillips will sell its interests in the Gulf of […]
Crude Oil News
Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty
Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and critical minerals on US federal […]
Crude Oil News
Petroleum liquids supply growth driven by non-OPEC+ countries in 2025 and 2026
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2025 Data values: Non-OPEC Petroleum and Other Liquids Production Note: The OPEC and OPEC+ data series reflect those countries participating in the OPEC+ agreement. OPEC members Iran, Libya, and […]
Crude Oil News
China’s crude oil imports decreased from a record as refinery activity slowed
Data source: China General Administration of Customs, Bloomberg L.P. Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. […]
Crude Oil News
Rubio Says U.S. Could Ease Sanctions Only If Russia Noticeably Changes Behavior
The United States will not lift any sanctions on Russia unless Moscow noticeably changes its behavior, U.S. Secretary of State Marco Rubio told European leaders in a call after the U.S.-Russia meeting in Riyadh. European […]
Climate Crisis
Environmentalists sue to block Trump’s offshore drilling plans
Conservation and environmentalist groups have sued US president Donald Trump and his administration over his order to roll back the ban on future oil and gas leasing. The court battle against Trump is a two-parter. […]