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UK Oil Regulator Publishes New Emissions Reduction Plan
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.
5:07 AM EST | March 28, 2024
Oil Falls as US Inventories Increase
Oil lost more of the ground it had gained early this week as US crude and gasoline inventories increased, undercutting expectations for tightening supplies.
3:39 PM EST | March 27, 2024
New China Climate Chief Says Fossil Fuels Must Keep a Role
'We will still keep our fair share of fossil fuels, but they must be used in a clean way'.
3:00 PM EST | March 27, 2024
Perenco Still Searching for Missing Person After Platform Incident
'The search for the missing person is still actively underway'.
1:00 PM EST | March 27, 2024
Blockchain Demands Attention in Oil and Gas
Blockchain is emerging as a technology that demands attention within the oil and gas sector, according to GlobalData.
5:56 AM EST | March 27, 2024
Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
The waters off Oman are emerging as a hot spot for ship-to-ship transfers of Russian oil heading to India, as the US steps up scrutiny of the flows.
3:08 AM EST | March 27, 2024
Oil Dips as Continued OPEC Cutbacks are Likely
Oil settled little changed Tuesday, after swinging between gains and losses, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia.
3:53 PM EST | March 26, 2024
Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
Higher gasoline prices jeopardize the fight against inflation that's dogged both President Joe Biden and Federal Reserve Chair Jerome Powell.
12:03 PM EST | March 26, 2024
Focus On: Drilling / Rig
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Libya Oil Minister Oun Suspended Pending Investigation
Libyan Oil Minister Mohamed Oun has been suspended from office pending an investigation, according to a government agency.
10:00 AM EST | March 26, 2024
House Passes Protecting American Energy Production Act
'This bill prohibits the president from declaring a moratorium on the use of hydraulic fracturing unless Congress authorizes the moratorium'.
8:03 AM EST | March 26, 2024
OPEC and China Conduct High Level Energy Meeting
The meeting was co-chaired by OPEC Secretary General Haitham Al Ghais and Zhang Jianhua, the administrator of the National Energy Administration of the People's Republic of China.
5:37 AM EST | March 26, 2024
Oil Rises on Global Tensions and Signs of Continued Cutbacks
Oil futures rose on geopolitical unrest and signs that OPEC+ will stick with current output cuts when delegates hold a review session next week.
3:53 PM EST | March 25, 2024
North America Rig Loss Streak Rumbles On
North America lost rigs week on week, according to Baker Hughes' latest rotary rig count.
12:09 PM EST | March 25, 2024
Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
The Yemen-based Houthi militants renewed their threats against Saudi Arabia.
10:00 AM EST | March 25, 2024
Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
The lawmakers have sent a letter to the director of the IEA.
8:43 AM EST | March 25, 2024
USA Oil and Gas Job Figures Jump
The U.S. oil and gas industry directly employed 2.04 million workers in 2023, according to TIPRO.
7:41 AM EST | March 25, 2024
Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
The world is using more oil than ever and demand is outpacing expectations again this year.
8:00 AM EST | March 23, 2024
Oil Settles Lower as Stronger Dollar Offsets Tighter Market
Oil edged lower to settle below $81 a barrel after a stronger dollar curbed investor appetite for commodities, offsetting signs of a tighter global crude market.
3:17 PM EST | March 22, 2024
India Halts Russia Oil Supplies From Sanctioned Tanker Giant
All of India's refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to U.S. sanctions.
10:00 AM EST | March 22, 2024
Centcom, Dryad Outline Recent Moves Around Red Sea Region
'Coalition forces successfully engaged and destroyed two anti-ship ballistic missiles'.
8:40 AM EST | March 22, 2024
Standard Chartered Reiterates $94 Brent Call
Analysts at Standard Chartered revealed that they think the oil price rally has 'further to run'.
6:35 AM EST | March 22, 2024
Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
ÈEZ Group is acquiring a 55.21 percent stake in the Czech Republic's leading gas distribution infrastructure operator in a move to transition from coal-powered energy generation to natural gas and hydrogen.
5:09 AM EST | March 22, 2024
PetroChina Set to Receive Venezuelan Oil
The cargo of Merey crude is expected to be discharged over the weekend, but the Chinese oil major is unlikely to make further purchases if US sanctions on Venezuela are reinstated.
3:00 AM EST | March 22, 2024
Denmark Detained Shadow Fleet Oil Tanker After Ship Collision
There was no spill because the collision occurred when the vessel had no cargo on board and there were also no injuries.
5:00 PM EST | March 21, 2024
Oil Edges Lower Amid Stronger US Dollar
Oil edged lower as a stronger US dollar outweighed optimism that the Federal Reserve will stick to its path of interest-rate cuts this year.
3:32 PM EST | March 21, 2024
Argentina Oilfield Billionaire Has 'Lot of Hope' for Milei
Paolo Rocca, billionaire chief of oil-pipe maker Tenaris SA, said expectations are high that Argentina's President can turbo-charge development of the country's shale deposits.
10:00 AM EST | March 21, 2024
EIA Raises USA Diesel Price Forecasts
The U.S. Energy Information Administration raised its U.S. diesel price forecasts for both 2024 and 2025 in its latest short term energy outlook.
7:01 AM EST | March 21, 2024
Oil Falls After Trading in Overbought Territory
West Texas Intermediate fell about 2% to settle near $81, cooling a rally that had carried crude to the highest closing price since late October.
4:24 PM EST | March 20, 2024
O&G Service Providers Dril-Quip, Innovex to Merge
The transaction is expected to close in the third quarter.
12:00 PM EST | March 20, 2024
Bill Gates to Speak at CERAWeek in Houston
Bill Gates is currently scheduled to speak at CERAWeek by S&P Global on Thursday.
10:07 AM EST | March 20, 2024
Oil Associations Talk House Energy Week
The American Petroleum Institute and the National Ocean Industries Association have both commented on the 'Energy Week' taking place in the U.S. House of Representatives.
10:04 AM EST | March 20, 2024
Oil Rises on Tightening Supplies
Tightening oil supplies pushed West Texas Intermediate above $83 a barrel, extending a rally that has propelled prices to the highest since October.
3:41 PM EST | March 19, 2024
India Buying More USA Oil as Sanctions Stifle Russian Flows
Indian oil refiners are on track to take the most American crude in almost a year.
10:00 AM EST | March 19, 2024
These Factors Helped Brent Oil Price Break Above $85
The Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB) outlined a range of factors.
6:13 AM EST | March 19, 2024
Oil Climbs to Four Month High
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
4:07 PM EST | March 18, 2024
North America Enters Rig Loss Streak
North America dropped rigs again week on week, according to Baker Hughes.
12:07 PM EST | March 18, 2024
USA Driving Activity to Increase to All-Time Highs
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
8:38 AM EST | March 18, 2024
Oil Market Sentiment Has Improved Significantly
'Brent oil prices have risen to a four-month high'.
6:00 AM EST | March 18, 2024
Oil Holds Weekly Gains
Crude futures pushed through 200-day moving average and then held momentum on the week.
3:54 PM EST | March 15, 2024
Wood Mackenzie Looks at EQT-Equitrans Deal
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
12:01 PM EST | March 15, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
7:52 AM EST | March 15, 2024
Rystad Looks at the Buzz Around White Hydrogen
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
6:10 AM EST | March 15, 2024
Crude Futures Advance on IEA Supply Warning
Oil Prices were bolstered Thursday by a warning from the International Energy Agency about Supply Shortages now forecasted through end of the year if OPEC+ reductions persist.
3:36 PM EST | March 14, 2024
USA Crude Oil Stocks Drop
Crude oil stocks in the U.S., not including the SPR, stood at 447.0 million barrels on March 8, according to the EIA.
11:36 AM EST | March 14, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
6:29 AM EST | March 14, 2024
OPEC Voices Encouragement after IEA Affirms Support for Oil Security
OPEC expressed encouragement after a commentary from the IEA telling the globe to ensure petroleum supply while transitioning to a clean energy future.
3:59 AM EST | March 14, 2024
Oil Prices Rise on Drawdown
Ukraine attack on Rosneft PJSC refinery added tailwinds to supplement the largest supply drawdown in nearly two months.
3:52 PM EST | March 13, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
10:00 AM EST | March 13, 2024
Red Sea Region Sees Another Watershed Incident
Dryad Global noted that the Gulf of Aden and Red Sea 'have seen another watershed incident'.
7:43 AM EST | March 13, 2024
IEA Sees Progress but Finds Methane Emissions Near Record
While the IEA analysis highlighted progress in some places, on the whole it suggests oil, gas and coal producers and governments are falling short of promises to cut methane emissions.
3:22 AM EST | March 13, 2024
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