British energy major Shell will not be able to buy Russian gas due to London’s anti-Russia sanctions, Dmitry Peskov, the press secretary of Russian President…
Author: News
Experts Warn of $185 Crude Oil
Last month crude oil breached the $100 per barrel mark. West Texas Intermediate has continued to run higher, approaching $120 on Thursday before pulling back…
Germany Doesn’t want to weaponize oil and Gas, yet.
Europe is currently debating banning all Russian Oil. Yet Germany has been against weaponizing Oil. This is because Europe depends on Russia for much of…
IRAN oil in play
Now that oil is approaching record levels, in a blink of an eye, the West may no longer consider Iran a Terrorist State.
Oil rises toward $120 after Biden hints at tougher Russian energy sanctions
Oil keeps rising w/WTI soars to highest since 2008 as Russia invasion upends the market. A decision by OPEC+ to continue its plan to gradually…
The US considers releasing emergency oil reserves
US considers releasing emergency oil reserves to bring down fuel prices. US energy secretary Jennifer Granholm is considering releasing crude oil from the government’s strategic…
What are the Best Oilfield Discussion Forums?
One of my new favorite forums for Oilfield discussion is https://trucking.wiki/forums/topics/oilfield-trucking.14/
Oil could top $100 per barrel in winter
Oil could top $100 per barrel if winter is colder than expected, that’s according to a note from Bank of America to its clients. Bank…
U.S. Supply Concerns Are Pushing Oil Prices Higher
Oil is moving higher on concerns Hurricane Ida damage to those regions affected has yet to be resolved. Although it has been more than two…
China Unloads Crude Oil From Reserves
Despite a major intervention from the Chinese Government, Oil ended the week higher. In a move seen as necessary to deal with the rising fuel…
PEMEX looks to refinance and pay down its debt
The Mexican state-owned petroleum company Pemex is looking to refinance its huge debt while interest rates are at historic levels, that’s according to Mexican officials…
Brazil hopes to be the world’s fifth-largest oil exporter by 2030 – Brazil Energy Minister
According to Brazil’s Energy Minister, The Country hopes to be the fifth-largest oil exporter by 2030. “In 2030, when we reach a production of 5.3…
Bigger Than Expected Crude Oil Draw in the U.S. Helps Oil Prices
Brent crude oil futures rose 69 cents, or 0.9%, to settle at $74.12 a barrel Global crude supplies might still increase after the OPEC+ negotiations…
Russian oil company agreed to acquire a 50% operator stake offshore Mexico.
Russia’s Lukoil joins Mexican shallow-water project Area 4 The acquisition adds to its involvement in blocks 10, 12, 14, 28 and Amatitlan in Mexico, which…