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HomeCrude Oil News

Crude Oil News

Crude Oil News

Job One for Doug Burgum at Interior – David Blackmon

December 11, 2024 Clark Savage

Anticipating a potential Donald Trump win over first Joe Biden and then Kamala Harris in the presidential race, officials and bureaucrats have spent the last 12 months pushing out as many new regulations as they […]

India
Crude Oil News

India seeking to expand Russian energy imports – Moscow’s envoy

December 11, 2024 Mariel Alumit

New Delhi is interested in boosting long-term supplies of Russian coal and liquefied natural gas (LNG), Moscow’s ambassador to India, Denis Alipov, has said. Speaking at the Oil and Gas Annual Conference in New Delhi […]

Crude oil storage in Cushing Oklahoma created by Grok on X
Crude Oil News

Oil Wobbles on Crude Inventory Draw, Large Fuel Builds

December 11, 2024 Mariel Alumit

Crude oil prices fluctuated today after the Energy Information Administration reported an estimated inventory decline of 1.4 million barrels for the week to December 6. In fuels, however, the EIA estimated sizable builds. The crude oil inventory figure compared with […]

SLB
Crude Oil News

SLB lands contract for all Petrobras’ offshore fields in Brazil

December 11, 2024 Andy Del Prado

TGS Houston-based oilfield service giant SLB has won a contract from Petrobras for integrated services across all the operator’s offshore fields in Brazil. Under the contract, estimated at about $800m, SLB will oversee the construction […]

Crude Oil News

US Sees Small Global Oil Deficit in 2025, in Outlook Reversal

December 10, 2024 Clark Savage

The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a day in 2025, according to […]

AI

Stop Coal Power Plant Shutdowns

December 10, 2024 Mariel Alumit

Stop the ‘green hallucinationists’ plan to close all 200 coal power plants. December 9, 2024 Clark Savage America continues to subsidize the development of occasionally generated electricity from weather dependent wind turbines and solar panels, to […]

Noble
Big Oil Companies

Noble gets more work for three rigs and one termination notice

December 9, 2024 Mariel Alumit

Noble Offshore rig owner Noble Corporation has won three extensions for its rigs but also received one notice of early termination. According to Noble’s latest fleet status report, Japanese oil and gas major Inpex exercised […]

Crude Oil News

Is Oil’s Gloom Overblown? Barclays Thinks So

December 8, 2024 Clark Savage

The oil market is bracing for a tough 2025, but Barclays believes the industry’s pessimism might be overdone. Brent crude hovered around $71 per barrel this week, raising chatter of a potential dip into the […]

BRICS

Week Recap: LNG, Dollar Diplomacy, and Net-Zero Debates

December 7, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Trump threatens BRICS December 1, 2024 Clark Savage ENB Pub Note: If the Biden-Harris administration had not weaponized the US Dollar in such a criminal pattern, BRICS would not have gained […]

Forget Short-Term Noise: Oil Prices Are All About the Long-Term Trend
Crude Oil News

Morgan Stanley Raises Brent Oil Forecast for Late 2025 After OPEC+ Move

December 6, 2024 Mariel Alumit

OPEC+ postponed the start of increasing oil production, tightening the market supply and potentially leading to higher prices. Morgan Stanley revised its Brent crude price forecast to $70 per barrel for the second half of […]

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