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Article Archive | Page 8

U.S. Oil, Gas Drilling Activity Continues To Drop

Jul 12, 2024 at 12:15

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…

Oklo to Start Building First Small Modular Reactors in 2027

Jul 12, 2024 at 05:32

Sam Altman-backed nuclear company Oklo is "push[ing] towards its target of building its first small modular reactor by 2027 at the Idaho National Laboratory," according to a new…

Short Term Demand Boosts Oil Market

Jul 12, 2024 at 09:51

Weekly Recap of Crude Oil Market The crude oil market experienced a volatile week, influenced by a mix of geopolitical events, economic indicators, and supply-demand factors. Despite some downward pressure,…

Europe Increasingly Reliant on American Diesel

Jul 12, 2024 at 09:49

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…

Maduro Inserts Himself 13-Times on Venezuela Election Ballot

Jul 12, 2024 at 09:47

Politics, Geopolitics & Conflict - On the Russia-Ukraine war front, Zelensky is now asking NATO to lift restrictions on using long-range weapons to target deep inside Russian territory during a…

Both Supply and Demand Point to Higher Crude

Jul 12, 2024 at 09:44

For a while now, crude prices have been driven largely by demand, both existing and forecast. Supply has been quite tight, but that has been offset by expectations for an…

Neither Israel Nor Hezbollah Want All-Out War

Jul 12, 2024 at 09:42

There is growing concern that any significant escalation in the Israel-Hezbollah conflict would disrupt gas supplies, first and foremost to Egypt, which is monitoring this with a fair amount of…

Russian Oil Product Shipments Slipped in June

Jul 12, 2024 at 08:45

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 

Brent Tops $86 on Hopes of Fed Cut in September

Jul 12, 2024 at 08:58

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

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

Jul 12, 2024 at 08:33

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…

China's Crude Oil Imports Slump 11% in June

Jul 12, 2024 at 06:02

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. …

Power Utility Urges New UK Government To Speed Up Wind Growth

Jul 12, 2024 at 03:49

German RWE, the largest power generating utility in the UK, has urged the new Labour government to speed up the expansion of offshore wind capacity if it is…

Oil Tanker Seized by Iran Last Year Returns to International Waters

Jul 12, 2024 at 01:55

A tanker that Iran’s Navy seized in the Gulf of Oman last year is currently moving into international waters, Reuters has reported, citing…

Economic Data is Driving Oil Price Movements

Jul 12, 2024 at 01:17

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…

California Refiners See Margins Shrink Despite Capacity Decline

Jul 11, 2024 at 14:59

Oil refiners in California saw lower-than-average margins in the past few months in an unusual twist where lower operating capacity did not automatically lead to higher margins. According to 

Sanctions Strand Over 50 Russian Oil Tankers

Jul 11, 2024 at 13:05

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…

Big Oil is Quietly Investing in the Lithium Revolution

Jul 11, 2024 at 08:08

Big Oil is quietly investing in the renewable revolution – not through solar and wind power, but through lithium. The ‘white gold’ is an essential ingredient in a laundry list…

Will China's Central Bank Cut Rates to Boost Sagging Economy?

Jul 11, 2024 at 08:06

China’s economy showed mixed signals in June with consumer prices rising modestly for the fifth straight month but missing expectations, while producer prices stayed in deflationary territory. 

India and Russia Deepen Trade Ties Despite Ukraine Conflict

Jul 11, 2024 at 08:04

Indian Prime Minister Narendra Modi wrapped up a high-stakes visit to Moscow on July 9 -- his first to Russia since 2019 -- that highlighted the fine line…

Kazakhstan’s Surprise Tax Increase Shakes Up Global Uranium Market

Jul 11, 2024 at 08:00

Uranium mining stocks soared on Wednesday after a surprise hike in extraction taxes in Kazakhstan, the world’s largest uranium-producing country, which BMO Capital Markets said will limit future…

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