By: Reuters – There is no need for the OPEC+ group of oil-producing nations to meet earlier than scheduled, the United Arab...
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By: Reuters – Germany and Oman are in advanced talks to sign a long-term deal for liquefied natural gas (LNG) lasting at...
Story by OilPrice.com. Crude oil prices spiked on Friday morning as Russia announced plans to cut its oil production by 500,000 bpd...
Story By Guy Faulconbridge and Vladimir Soldatkin (REUTERS). The Kremlin said on Feb. 9 the world should know the truth about who...
By: The Texas Tribune – The Teacher Retirement System of Texas has divested part of its massive pension fund from 10 financial...
James Hanlon, The Spokesman-Review, Spokane, Wash. Expect less precipitation and close to average temperatures as global weather patterns shift to an El...
By: BBC – Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil...
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By: Reuters – United Nations Secretary-General Antonio Guterres on Monday told fossil fuel producers they “should not be in business” unless they...
President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.
The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)
After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”
The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.
On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.
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By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
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by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
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After months of tough negotiations and political tension, the United States and Ukraine have...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the...
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