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…
Author: News
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…
Brian Babin Is trying to Kill a Pemex Deal
Brian Babin United States Representative is trying to kill a Pemex deal that would give the Mexican Oil Giant full control of the Deer Park…
Fire in the Gulf of Mexico after a pipeline ruptured.
The ocean is on fire in the Gulf of Mexico after a pipeline ruptured. Good system. pic.twitter.com/5HK6VVfxOP — Eoin Higgins (@EoinHiggins_) July 2, 2021 An…
China discovers a large oil and gas field in Xinjiang
China discovers 900m-tonne oil and gas field in Xinjiang According to reports The Fuman Oilfield, where the super-deep well is situated, is the main block…
Shell to consider the sale of it’s largest U.S. oil field in Texas
According to reports, Shell will consider selling its Permian assets in Texas to focus on the more profitable ones. Shell has about 260,000 acres in…
#GasShortage2021 Is showcasing America At Its worst
How it started…How it’s going…#GasShortage2021 pic.twitter.com/Gr4ofdgcUa — Cassi Mitchell Smith (@G88Gassi) May 12, 2021 Biden is to blame… blah blah blah#GasShortage2021 Look at this nonsense…
Oilfield Jobs in Texas
The job market in Texas is starting to show signs of recovery, after oilfield consolidation in the past year, and crude oil prices starting to…
Posable flashpoint is developing in the Middle East with Iran
Further details here regarding the ongoing oil shipments to Syria. Iran tankers with 3M barrels of crude oil head to Syria. Iran is defying the…
Crude oil prices dropped after a surge in the US gasoline inventories
Crude oil prices dropped after the official unexpected surge in the US gasoline inventories, raising concerns over waning demand. Brent crude fell by $0.36, or…