Brent Oil Price Tops $93 as U.S.-Iran Impasse Persists
Brent Crude futures prices topped $93 per barrel early in the morning in Europe on Thursday, hitting a three-week high amid fading hopes of U.S.-Iran …
Read Full ArticleTrump Threatens “Tremendous” Consequences for Countries Helping Iran
U.S. President Donald Trump threatened any country helping Iran in any way with “tremendous economic consequences,” as the American Administration is ratcheting up economic pressure …
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Horizon announces first gas from Sinphuhorm Pad D in Thailand
Horizon Oil has reported that first gas production has commenced from the Sinphuhorm Pad D Facility Project in Thailand, reaching this milestone nearly 50 days …
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CN Energy begins oil production at Cold Lake project, Alberta
CN Energy Group (CNEY) has announced that production has begun at an oil well project in the Cold Lake region of Alberta, Canada, in which …
Read Full ArticleHas Iranian Crude Become Irrelevant to Global Oil Supply?
The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, …
Read Full ArticleMiddle East Oil Crisis Sends Supertanker Prices to Record Highs
Demand for tankers from Middle Eastern oil producers has pushed prices to an all-time high, the Financial Times reported today, saying both new and second-hand …
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Panoro to acquire stake in Côte d’Ivoire’s Block CI-27 from DNO
Panoro Energy has agreed to acquire DNO’s subsidiary DNO CI, which holds an indirect 9.09% interest in the gas-producing Block CI-27 offshore Côte d’Ivoire.
Read Full ArticleElevated Oil Prices Push Japan’s Imports to an All-Time High
Japan’s import bill reached an all-time high in July, driven by higher oil prices, to a total of $76.39 billion. This was up by 27.8% …
Read Full ArticleChinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture
Chinese refiners are buying Iraqi crude, with recent purchases of 8 million barrels of Basrah Heavy and Basrah Medium for prompt delivery, Bloomberg has reported, …
Read Full ArticleCoal Remains The Undisputed King Of Global Power
The world is installing wind turbines and solar panels faster than ever, but coal still generates more electricity than any other source, and by a …
Read Full ArticleHope Fades, Traders Brace for Extended Oil, LNG Squeeze
For most of the past six months, traders active on the commodity futures markets have been mostly optimistic. They have taken every statement by President …
Read Full ArticleRussia’s Fuel Crisis Hits Moscow as Rationing Spreads
Russia has been subject to many months of a ramped-up long-range drone campaign out of Ukraine, chiefly targeting oil refineries as well as industrial sites …
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