Jeff Currie Sees $5 Gasoline Before Midterms
Diesel just broke $6 a gallon nationwide for the first time in U.S. history, and Jeff Currie says $5 gasoline is likely to land before …
Read Full Article
Energy Holdings plans $1bn combination with Ventura Offshore
Energy Holdings and Ventura Offshore have signed a LOI for an all-share combination that would create a group with an implied pro forma equity value …
Read Full ArticleHouthis Advance on Bab al-Mandeb as Saudi Oil Route Comes Under Threat
Politics, Geopolitics & Conflict Yemen's Houthis captured the Red Sea port of Mocha on Thursday, taking the approach to the Bab al-Mandeb Strait, which connects …
Read Full ArticleVostok Oil: One Tanker, Four Trillion Rubles
Every headline number behind Vostok Oil — from the tanker fleet and shipping target to the resource base and flagship well — has failed to …
Read Full ArticleWTI Breaks $100 as Middle East Supply Crisis Deepens
October WTI crude oil futures are trading at $101.26 early Friday, up $10.04 or 11.01% for the week so far. The contract traded as low …
Read Full ArticleEnergy Aspects: Oil Market Has Reached an "Inflection Point"
Crude oil prices are poised for further increases and the trending trajectory is higher, as global inventory drawdowns have accelerated and China is back to …
Read Full ArticleChina's Crude Imports Set to Hold at 7.2 Million Bpd in September
China is on track to import roughly the same volumes of crude oil in September as it did in August, extending the trend of recovering …
Read Full Article
Europe needs to stress-test the infrastructure behind its emergency oil supply
Europe should not need an emergency to test the security of its oil supply infrastructure, writes Ivo Hlaváček, former Slovak ambassador and former director-general at …
Read Full ArticleHormuz Shipping Traffic Plunges as Middle East War Escalates
Ship traffic through the Strait of Hormuz slumped to single digits on Thursday, down from a 10-day average of 15 vessels that transited the chokepoint …
Read Full Article
Oil prices poised to end week above $100 for first time since May
Oil prices declined on 11 September, Friday but remained positioned to end the week over $100 per barrel, marking the first weekly close at this …
Read Full Article
TotalEnergies makes new oil discovery in Angola’s Block 17
TotalEnergies has disclosed making the Acacia-5 near-by oil discovery on Block 17 offshore Angola, with plans to bring the new field into production just three …
Read Full ArticleChina’s 70% EV Target Deals Another Blow to Oil Demand
China aims to have electric and hybrid vehicles account for as much as 70% of all passenger car sales by 2030, in a massive transport …
Read Full Article