China’s Crude Oil Stockpiling Amid Backwardation: A Geopolitical Strategy, ETEnergyworld
“We believe the drivers of China’s crude stockpiling will remain, especially as geopolitical risks remain,” Lin Ye noted.New…
EU accelerates Russian LNG phase-out
The European Union has moved to tighten its energy sanctions against Moscow, announcing plans to phase out Russian…
Sixteen African nations unite to boost petroleum sector
Sixteen African nations have joined forces to launch a continental forum designed to harmonise petroleum regulations and boost…
CME : WTI Crude Oil futures bounced on supply concerns.
WTI Crude Oil futures rebounded following a four-session drop, driven by global supply concerns. Additionally, markets are anticipating…
Kurdish Oil Export Deal in ‘Final Stages’
Piped Kurdish crude exports via Turkey could resume in the coming days, 2½ years after they were halted,…
Yanchang Petroleum International’s (HKG:346) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Last week’s earnings announcement from Yanchang Petroleum International Limited (HKG:346) was disappointing to investors, with a sluggish profit…
Is Iraq Looking To Open Another Backdoor For Iran To Export Its Oil?
Iraq has long been the key instrument through which Iran has been able to generate economy-supporting revenue from…
Exclusive-Chevron exports of Venezuelan oil halved under new US authorization, sources say
By Marianna Parraga HOUSTON (Reuters) -U.S. oil major Chevron is only able to export about half the crude…
Crude oil settled at $63.41. Up $1.13 on the day
Crude oil futures settled at $63.41, up $1.13 or 1.81% on the day. On the topside, the 100-day…
Gov. Newsom Claims He ‘Stabilized’ California’s Highest-in-the-Nation Gas Prices – California Globe
AAA reports today that the national average gas price is $3.17 per gallon. California’s average gas price per…
NUPRC withdraws approval for TotalEnergies’ $860m SPDC stake sale
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn approval for French oil major TotalEnergies’ proposed sale of…
BP Halts Plans to Build Biofuels Plant in the Netherlands
BP Plc is to forgo building a biofuels plant in the Netherlands as the UK energy giant continues…