EIA Inventory Report Pushes Oil Prices Higher
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 4.5 million barrels for the week to July 22. This compared with a Continue Reading
Oil rises on U.S. inventory drop, Russian gas cuts
Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker Continue Reading
Who Were the Biggest Oil and Gas Consumers in 2021?
BP’s latest annual statistical review of world energy reveals the top oil and gas consumers of last year. According to BP’s latest annual statistical review of world energy, the top Continue Reading
Hidden Menace: Massive methane leaks speed up climate change | AP News
To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas operations scattered throughout Continue Reading
How Is the Jet Stream Connected to Simultaneous Heat Waves Across the Globe?
The deadly heat waves that have fueled blazes and caused transport disruptions in Europe, the U.S. and China this month have one thing in common: a peculiar shape in the Continue Reading
Climate disinformation leaves lasting mark as world heats
In 1998, as nations around the world agreed to cut carbon emissions through the Kyoto Protocol, America’s fossil fuel companies plotted their response, including an aggressive strategy to inject doubt Continue Reading
Nigeria’s Trans-Niger Pipeline Runs Dry Due to Oil Theft – Report
A new report showed that Nigerian oil revenue underperformed due to significant shortfalls such as shut-ins resulting from pipeline vandalism and crude oil theft. The Trans-Niger Pipeline, a major pipeline Continue Reading
Iran’s Oil Earnings Soar Despite Sanctions
With high oil prices and an incredibly tight physical oil market, Iran’s oil industry is bouncing back and providing the government with significant income. China, Russia, Turkey, Venezuela, and Afghanistan Continue Reading
Saudi Arabia’s Real Production Capacity: Is 15 Million Bpd Possible?
As the OPEC+ group prepares to roll back all production cuts by the end of next month, analysts and the market are searching for the answer to the million-dollar question Continue Reading
Saudi crude prices to Asia may hit record highs in Sept
Top oil exporter Saudi Arabia could raise September crude prices for customers in Asia for a third month even though refining margins have declined as high fuel prices and persistent Continue Reading