U.S. deal ends TotalEnergies offshore wind plans, accelerates LNG investment
(World Oil) – TotalEnergies has agreed to relinquish its U.S. offshore wind leases under a settlement with the Department of the Interior, […]
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Middle East chaos hands Canada a $65 billion gift
(Oil Price) – At the end of February, the Alberta government released its draft budget for the year, forecasting a deficit resulting from […]
Iraqi crude tanker signals questioned as Hormuz transit remains unclear
(World Oil) – An oil supertanker hauling Iraqi crude whose signal appeared to show it had exited the Strait of […]
Valero shuts Texas refinery after explosion rocks diesel unit, sources say
(BOE Report) – Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion […]
Oil prices jump over 2% amid ongoing Middle East attacks
(Investing) – Oil prices climbed over 2% in European trade on Tuesday after Iran denied that negotiations with the U.S. had […]
Energy markets whipsaw on war and talks: by Oil & Gas 360
(By Oil & Gas 360) – Global energy markets are sending mixed signals as war-driven disruptions collide with sudden diplomatic […]
Oil prices have not climbed enough to cause demand destruction, US energy secretary says
(Investing) – HOUSTON- Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on […]
ADNOC CEO calls Hormuz disruption “economic terrorism” threatening global energy supply
(World Oil) – ADNOC CEO Sultan Al Jaber warned that disruption of the Strait of Hormuz represents a direct threat to […]
High oil prices could force Fed to raise rates
(Oil Price) – The oil-driven inflation shock rippling through global markets is now forcing a sharp rethink of U.S. monetary policy, […]
Japan Petroleum Association eyes North America for crude supply options
(BOE Report) – Japan Petroleum Association President Shunichi Kito said on Monday that North America was one potential source for […]