U.S. import volumes of Russian…
Big oil isn’t rushing to…
Over the weekend, we reported that oil exports of Russian ESPO-grade oil from the Pacific port of Kozmino had collapsed by more than…
Investors sold petroleum for a fifth consecutive week but the pace of selling slowed as the balance of risks began to shift to the upside and beaten down prices provided…
Chairman and CEO of Baird-owned Strategas Research Partners Jason Trennert has advised investors to adopt a defensive approach in 2023 due to a…
U.S. gasoline prices are now lower than they were at this time last year, and the national average could drop to below $3…
In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the…
The European Union has reduced its seaborne imports of crude oil from Russia, but just ahead of the embargo effective December 5, the EU was still importing Russian crude and…
Russia is interested in increasing its oil production through projects in Venezuela, Russian deputy prime minister Alexander Novak said on Thursday, according to TASS. Novak met with Venezuela’s oil minister…
Shares of leading Brazilian National Oil Company (NOC) Petroleo Brasileiro SA aka Petrobras (NYSE: PBR) lost R$30 (~US$5.6) billion in market value…
The price cap on Russian oil exports that went into effect last week to much anxiety about a possible cut in shipments has so far not elicited any…
We have seen a wide range in oil prices during 2022. From the start of the year, when West Texas Intermediate-WTI, was trading in the upper $ ’60s,…
Despite the dire predictions of peak oil demand, which will is expected to arrive during the next decade as the world transitions to…
Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an inventory increase in crude oil of 10.2 million barrels for the week to December 9.…
Global oil demand growth is expected at 2.5 million barrels per day (bpd) this year and 2.2 million bpd next year, OPEC said on Tuesday, leaving the previous month’s estimates…
Russia was shipping more than 3 million barrels per day (bpd) of crude oil to Asia in the week to December 9, the week in which the EU…
Last week, the chief energy adviser to the Biden administration, Amos Hochstein, blamed institutional investors for the stalled drilling in the U.S. oil…
Given the fragile supply-demand balance in the global energy market and the toxic inflation-interest rate mix with which many developed economies have been struggling, news of additional oil…
The sanctions on the oil exports of Venezuela and Iran, and now Russia, have given rise to a lucrative under-the-radar oil trade in which less scrupulous vessel owners,…
Despite pleading with oil and gas companies to boost their output in recent months, to tackle global shortages and rising prices, President Biden is once again hitting the…
The number of total active drilling rigs in the United States slipped this week, according to new data from Baker Hughes published on Friday. The total rig count fell 4…
Crude oil prices rose by roughly a percent on Friday morning on news that Russia was considering a production cut. Brent crude oil prices rose by 0.85%…