AUSTIN – Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry. “Despite President Biden’s delusional desire to […]
A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional market in years, sending prices for competing barrels spiraling. […]
Crude oil futures were sharply lower in mid-morning trade in Asia June 22 as a brief rebound in the previous session proved short-lived, with fears of demand destruction and a global economic slowdown still gripping […]
Crude oil futures were higher during mid-morning Asian trade June 9 on the back of a rebound in demand from China and the US, with tighter gasoline inventories in the US adding to the bullish […]
Crude oil futures were higher in mid-morning Asian trade June 8 as anticipation that an EU ban on Russian oil would tighten supply overshadowed reports of an inventory build in the US. At 10:18 am […]
Crude oil futures continued to climb in mid-morning Asian trade May 31, adding to gains of more than $2/b for ICE Brent crude overnight after the EU reached an agreement to ban Russian oil imports. […]
Source: U.S. Energy Information Administration, Petroleum Supply Monthly Earlier this month, President Biden banned U.S. imports of crude oil, refined petroleum products, natural gas, coal, and coal products that originate in Russia. The President’s executive order, however, does not […]
A crude oil shortage is invariably bad news for those that consume oil products. But when it comes to these products, a diesel shortage has the potential to be even more devastating than a crude […]
Boris Johnson will set up an energy task force to bolster the UK’s oil, gas and nuclear supplies as he plots a way out of the energy crisis. Two senior industry experts at its head will […]
This is the key point that JPMorgan’s commodity strategist Natasha Kaneva makes in a research note earlier today, in which she notes that while the US and its allies have so far stopped short of […]
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