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Daily Energy Standup Episode #322 – US Gasoline Reserve Sale and China’s Oil Access Blocked

March 5, 2024 Andy Del Prado

Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]

OPEC+
Crude Oil News

Several OPEC+ countries extend output cuts through Q2, as Russia announces new reductions

March 4, 2024 Mariel Alumit

OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]

OPEC+
Crude Oil News

Iraq, Kazakhstan pledge OPEC+ compliance after exceeding January 2024 production targets

February 17, 2024 Stu Turley

(Bloomberg) – Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets after failing to fully cut production as promised last month. The Organization of the Petroleum Exporting Countries in Vienna, Austria. (Photographer: Andrey Rudakov/Bloomberg) […]

U.S.
Crude Oil News

The $2.8 Billion Hole in U.S. Sanctions on Iran

February 17, 2024 Stu Turley

For months, as Iran-backed groups attacked U.S. forces and allies in the Middle East, the Biden administration hailed its efforts to restrict Iran’s oil revenue — and the country’s ability to fund proxy militias. The […]

Crude Oil News

Daily Energy Standup Episode #307 – Global Energy Developments: From Electric Buses to Geothermal Advancements

February 13, 2024 Andy Del Prado

Daily Standup Top Stories Virginia legislation would activate state program to fund electric school buses February 12, 2024 Mariel Alumit   Virginia is on a roll transitioning to electric school buses. And that momentum could remain […]

Crude Oil News

Iraq Remains Committed to OPEC+ Deal to Cap Oil Output at 4 Million Bpd

February 12, 2024 Stu Turley

OPEC’s second-largest producer, Iraq, is committed to its voluntary cut in the OPEC+ agreement and will produce no more than 4 million barrels per day (bpd) of crude oil, Iraq’s Oil Minister Hayan Abdel-Ghani said […]

Shadow fleet
Crude Oil News

Shadow fleet faces tricky path to the breaker’s torch

February 7, 2024 Stu Turley

With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these […]

Iraqi
Crude Oil News

Iraqi parliament calling to ditch US dollar for oil trade

February 2, 2024 Mariel Alumit

The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US sanctions on the Iraqi banking system.  “The […]

Iraq
Crude Oil News

Iraq seen replacing Russia as India’s top source of crude

January 31, 2024 Mariel Alumit

India has pivoted back to Iraq for its crude oil supplies with Russian imports held up by the Red Sea shut-in as well as the threat of US sanctions. Data from Kpler shows India has […]

Vallourec
Crude Oil News

Vallourec to support TotalEnergies’ multi-energy project in Iraq

January 19, 2024 Mariel Alumit

(WO) – Vallourec, a global provider premium tubular solutions, has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project […]

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