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Why Is The United States Still Exporting Fuel?

Why Is The United States Still Exporting Fuel?

The U.S. national average price…

Energy / Crude Oil

EIA Reports Small Crude Build, Gasoline Draw

Jun 08, 2022 at 09:36 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 3. This…

UAE: OPEC+ Struggles With Oil Production Hikes

Jun 08, 2022 at 08:15 | Tsvetana Paraskova

The OPEC+ group is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts to boost output per the monthly plans are "not encouraging," the…

Russia Could Replicate Iran's Strategy To Skirt Oil Sanctions

Jun 07, 2022 at 09:55 | Simon Watkins

The ban by the European Union (E.U.) on Russian oil imports by sea, in the first instance, is likely to affect around 75 percent of Russia’s crude oil…

Oil Tanker Stocks To Watch As Shipping Rates Soar

Jun 06, 2022 at 10:16 | Alex Kimani

Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values, limiting buying power and…

Oil Majors Are Lining Up For The Next Great South American Oil Boom

Jun 06, 2022 at 10:08 | Matthew Smith

The Guyana-Suriname Basin has emerged as the world’s hottest offshore oil play and with the changes occurring to the global energy mix after Russia’s invasion of Ukraine, the…

Kazakhstan Rebrands Oil Exports As Traders Shun Russian Crude

Jun 06, 2022 at 09:59 | Eurasianet

Kazakhstan has renamed the oil it exports through Russian ports in a bid to avoid contagion from Russia’s new pariah status. The rebranding came after the…

Saudi Arabia Raises Oil Prices Again

Jun 06, 2022 at 07:51 | Irina Slav

Crude oil prices rose at the start of this week after Saudi Arabia said Sunday it would raise its oil prices for most regions, excluding the United States. The…

New Drilling Stalls Out In The U.S. Oil Patch

Jun 03, 2022 at 13:10 | Julianne Geiger

The number of total active drilling rigs in the United States stayed the same this week, after the 1 rig dip in the week prior, according to new data from…

How Close Are We To Peak Oil Demand?

Jun 03, 2022 at 10:55 | Alex Kimani

Two years ago, British oil and gas supermajor BP Plc. (NYSE:BP) sent shockwaves through the energy markets after it declared that the world was already past…

What Does Europe’s Ban On Russian Oil And Gas Mean For The West?

Jun 03, 2022 at 10:47 | ZeroHedge

Europe's extreme dependency on Russian energy products from oil to natural gas is made clear recently from the manner in which they have approached sanctions – with incrementalism, slowly sinking…

Russia Will Regret Selling Alaska If Biden Unleashes Its Energy Potential

Jun 02, 2022 at 10:20 | Felicity Bradstock

Alaska has the potential to provide the US with more oil, but it all boils down to one question: what’s more important, energy security or the environment? This…

Oil Jumps After EIA Confirms Large Crude Inventory Draw

Jun 02, 2022 at 10:04 | Irina Slav

Crude oil prices rose further after the Energy Information Administration reported today an inventory draw of 5.1 million barrels for the week to May 27. This compared with…

OPEC Considers Extra Large Hike In Oil Production To Compensate For Russia

Jun 02, 2022 at 07:51 | Julianne Geiger

The OPEC Joint Ministerial Monitoring Committee is recommending an increase in production by 648,000 barrels per day —higher than what was originally agreed, according to Tweets from Amena Bakr, Chief…

China Targets 33% Renewables Power Share By 2025

Jun 01, 2022 at 11:00 | Tsvetana Paraskova

China plans to have 33 percent of its electricity sourced from renewable power sources in a new renewables plan by 2025. China, which had a 28.8 percent share of renewable…

OPEC+ Cuts Global Oil Demand Forecast For This Year

Jun 01, 2022 at 08:16 | Tsvetana Paraskova

The technical panel of the OPEC+ group has reduced its global oil demand forecast for 2022 by 200,000 barrels per day (bpd) ahead of the alliance’s meeting on Thursday, Energy…

Permian Leaves Rivals Behind As Production Continues To Grow

May 31, 2022 at 11:43 | Rystad Energy

Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as demand for oil surges on historically tight supply, Rystad Energy…

How The Ukraine War Completely Upended Global Crude Flows

May 31, 2022 at 11:31 | Tsvetana Paraskova

The Russian invasion of Ukraine has changed global oil trade routes forever.  In one of the most significant rerouting of oil flows in recent decades, Europe…

Russia Says It Will Find Other Oil Buyers After EU Ban

May 31, 2022 at 10:11 | Tsvetana Paraskova

Russia dismissed on Tuesday the partial EU embargo on its oil, saying it is confident it would find other buyers for its crude after the European Union reached a compromise…

China Serves Oil Bulls Some Good News

May 31, 2022 at 09:00 | Charles Kennedy

Factory activity in China declined more slowly this month, suggesting rebounding demand for energy, in oil specifically. Per a Reuters report, the slowed decline was the result of Covid…

Oil Prices Rise As EU Leaders Agree On Partial Russian Crude Ban

May 31, 2022 at 07:51 | Irina Slav

The European Union leaders agreed to cut Russian crude oil imports by as much as 90 percent by the end of the year. The agreement is in principle, and details…

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