Mexicos President Andrés Manuel López Obrador is currently trying to make Mexico energy independent, and the U.S isn’t happy about it. Why is Mexico voting…
Putin said Russia can redirect energy exports away from West
“When it comes to Russian oil, gas and coal, we will be able to increase their consumption on the domestic market and stimulate the deep…
Russia Coal and Oil Paid for in Yuan Starts Heading to China
Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month, Chinese consultancy Fenwei Energy Information…
UK won’t get Russian gas
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…
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…