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  • [ August 18, 2022 ] U.S. oil and gas independents returned $18.1 billion to shareholders in 2021 Finance
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  • [ August 18, 2022 ] Port of Los Angeles marks best July on record, anticipate cargo downturn from August US Energy News
  • [ August 18, 2022 ] Russia’s seaborne oil exports rise in August as sanctions impact remains muted International News
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IEA
Crude Oil News

Oil Market Report – July 2022 Part of Oil Market Report Flagship report

July 26, 2022 Stu Turley

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, […]

Shippers Still Willing to Touch Russian Crude Oil Are Cashing In
Crude Oil News

Tankers that carried Iranian oil are switching to Russian crude

July 23, 2022 Stu Turley

Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, […]

Saudi Aramco
Crude Oil News

Saudi Aramco’s Profit Soars as Oil Prices and Output Jump

May 15, 2022 Stu Turley

Firm’s net income rose to almost $40 billion in first-quarter Aramco follows Big Oil rivals such as BP with bumper earnings Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged […]

Commodities

OPEC+ Misses Production Target By Whopping 2.7 Million Bpd

May 12, 2022 Stu Turley

All 13 members of OPEC saw their production rise by just 153,000 barrels per day. OPEC’s collective production rose to 28.648 million bpd in April. Saudi Arabia, raised its production by 127,000 bpd to 10.346 […]

OPEC- energynewsbeat.com
International News

Putin, Saudi Crown Prince upbeat on OPEC+ cooperation on oil market

April 17, 2022 Andy Del Prado

New Delhi: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a “positive assessment” to their cooperation on the OPEC+ producers group to stabilise the world oil market, the Kremlin said in […]

OPEC Raises Oil Production By Just 57000 Bpd In March
Africa

OPEC Raises Oil Production By Just 57,000 Bpd In March

April 15, 2022 Stu Turley

OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle […]

Millions of Russian Oil Barrels Could be Shut in Next Month
Crude Oil News

Millions of Russian Oil Barrels Could be Shut in Next Month

March 17, 2022 Allen Santos

From April, three million barrels per day of Russian oil production could be shut in as sanctions take hold and buyers shun exports. That’s according to the International Energy Agency’s (IEA) latest oil market report, […]

Ukraine war threatens oil demand and investment, OPEC says
E&P

Ukraine war threatens oil demand and investment, OPEC says

March 17, 2022 Allen Santos

(Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned. International crude prices briefly hit a 13-year high of […]

Oil Market to Get Even Tighter on Russia Disruptions, Says Vitol
Commodities

Oil Market to Get Even Tighter on Russia Disruptions, Says Vitol

March 6, 2022 Stu Turley

‘Plenty of twists and turns to come,’ says Vitol’s Muller Vitol’s views echo those of Wall Street banks such as Goldman Global oil markets could tighten even more with Russian flows being disrupted and producers […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Crude Oil News

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally

March 3, 2022 Allen Santos

This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]

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Mexico
Offshore

Gulf of Mexico Disturbance Gathers Strength

August 18, 2022

An unnamed weather disturbance projected to move over the southwestern Gulf of Mexico is gathering strength, the National Hurricane Center (NHC) has revealed. According to the NHC’s latest forecasts at the time of writing, the […]

Port of Los Angeles
US Energy News

Port of Los Angeles marks best July on record, anticipate cargo downturn from August

August 18, 2022

The Port of Los Angeles said today it handled an estimated 935,345 TEU in July, 2.5% above the previous record set in 2019, while expectations for softer August throughput prevailed amid retailer order slowdowns and […]

Barrel Oil
US Energy News

Report Confirms Near Billion Barrel Oil Find

August 18, 2022

Canadian Overseas Petroleum Limited (COPL) has revealed that it has received an independent resource report confirming its deep oil discovery on its affiliate COPL America Inc’s lands in Converse and Natrona counties in Wyoming. According […]

Energy Policy

The Inflation Reduction Act Boosts EPA Funding To Enforce Climate-Related ESG Disclosure – adding more costs to energy

August 17, 2022

The Inflation Reduction Act of 2022 On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA). The IRA reconciliation package includes $369 billion in funding and subsidies to support the transition […]

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