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Europe Increasingly Reliant on American Diesel

Europe Increasingly Reliant on American Diesel

European buyers are increasingly relying…

Oil Prices Perk Up on Crude Draw

Oil Prices Perk Up on Crude Draw

WTI crude popped today after…

Energy / Crude Oil

Canada's Climate Policies Criticized by Oil Sector and Environmentalists Alike

Jul 18, 2024 at 08:21 | Haley Zaremba

Canada is trying to perform a high wire act between maintaining its reputation as one of the world’s most climate-conscious superpowers on one side, and its position as one of…

Middle East Oil Benefits As China Buys Less African Crude

Jul 17, 2024 at 16:28 | Alex Kimani

China has long been building inroads into Africa, while the U.S. backs down from the region, leaving a gaping hole in the West’s influence over the “final frontier”. Now, however,…

Seasonal Demand and Production Cuts Drive Oil Rally

Jul 17, 2024 at 13:59 | Julianne Geiger

Oil bulls have a narrow window for bullish bets as driving season and weather disruptions create a prime opportunity for a market rally. With the driving season in full swing…

Four Unexplored Indian Basins May Hold More Oil Than The Permian

Jul 16, 2024 at 16:14 | Alex Kimani

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins,…

Africa Emerges as Focal Point in Global Oil and Gas Exploration

Jul 16, 2024 at 07:54 | Rystad Energy

The skewed activity is highlighted by explorers demarcating assets within their portfolios as ‘core’ areas of operations, with the majority of guided exploration spending being directed towards exploring…

India Increases Windfall Tax on Crude Oil

Jul 16, 2024 at 05:55 | Michael Kern

India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday.  The windfall tax on petroleum crude was revised up…

Bolivia Announces Biggest Natural Gas Discovery Since 2005

Jul 16, 2024 at 01:30 | Tsvetana Paraskova

Bolivia’s state-owned oil and gas company YPFB has discovered a massive natural gas field, which is the biggest such find in nearly two decades and could become the country’s third-largest…

Oil Prices Muted After Shooting at Trump Rally

Jul 15, 2024 at 08:29 | Charles Kennedy

The oil market and the U.S. stock futures were calm early on Monday morning after the U.S. was rattled by the assassination attempt on former president Donald Trump during a…

Argentina's Shale Patch to Boost Oil Exports with Supertankers

Jul 15, 2024 at 04:58 | Tsvetana Paraskova

Supertankers could begin docking in Argentina to load oil from the country’s shale patch after a pipeline is set to connect the Vaca Muerta shale play with a terminal at…

Kuwait Announces Massive Offshore Oil and Gas Discovery

Jul 15, 2024 at 01:31 | Tsvetana Paraskova

One of the Middle East’s largest oil producers, Kuwait, announced on Sunday a “huge” discovery of oil and associated gas in an offshore field east of Failaka Island.  Preliminary…

Europe Increasingly Reliant on American Diesel

Jul 12, 2024 at 09:49 | Editorial Dept

Numbers Report – July 12, 2024 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week…

Brent Tops $86 on Hopes of Fed Cut in September

Jul 12, 2024 at 08:58 | Tom Kool

Brent crude soared to $86 per barrel as better-than-expected U.S. inflation data stirred hopes of a September Fed rate cut.

Oil and Gas Are Here To Stay

Jul 12, 2024 at 08:57 | Irina Slav

The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough,…

Russian Oil Product Shipments Slipped in June

Jul 12, 2024 at 08:45 | Michael Kern

Russian shipments of oil products dropped by 4.2% in June compared to May, on the back of stronger domestic fuel consumption and unplanned maintenance at refineries, according to 

FTC Requests More Info On $22.5 Billion ConocoPhillips-Marathon Oil Deal

Jul 12, 2024 at 08:33 | Tsvetana Paraskova

The U.S. Federal Trade Commission (FTC) has sent a second request for additional information to ConocoPhillips and Marathon Oil while reviewing their proposed $22.5 billion merger, ConocoPhillips said on…

International Oil Companies Caught in Kurdish Smuggling Web

Jul 12, 2024 at 06:14 | Tsvetana Paraskova

Kurdistan hasn’t been able to export its oil via a pipeline for more than a year now, but crude continues to flow out of the semi-autonomous Iraqi region—on tank trucks…

Banks Still Play a Major Role in Oil and Gas Funding

Jul 12, 2024 at 06:11 | Felicity Bradstock

Despite increasing pressure to defund oil and gas firms in support of international decarbonisation efforts, many major banks are continuing to provide financing to fossil fuel companies. A recent

China's Crude Oil Imports Slump 11% in June

Jul 12, 2024 at 06:02 | Tsvetana Paraskova

China’s imports of crude oil slumped by 11% in June from a record-high in the same month of 2023, amid tepid fuel demand and lower run rates at independent refiners. …

Economic Data is Driving Oil Price Movements

Jul 12, 2024 at 01:17 | Irina Slav

Crude oil prices were set for a weekly decline despite earlier gains made largely on the back of economic data. The latest update that caused the…

Sanctions Strand Over 50 Russian Oil Tankers

Jul 11, 2024 at 13:05 | Tsvetana Paraskova

More than 50 oil tankers that have previously transported Russian oil are now sitting empty and idle in the Baltic Sea, the Black Sea, offshore Russia's Far East, China, South…

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