Analysts Examine What Tariff Decision Means for Oil
In a market update sent to Rigzone late Friday, Rystad Energy highlighted that the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the…
Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether…
FT Uncovers $90 Billion Russian Oil Smuggling Operation
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times…
U.S.-Iran Tensions Threaten to Send Oil Tanker Rates Soaring
The ratcheting up of tensions between the United States and Iran could push an already red-hot supertanker market even higher with rates soaring to the highest level since 2019, analysts…
UK Plans to Cut Carbon Costs for Refineries after Closures
The UK government is drawing up a strategy to protect its remaining oil refineries from rising carbon prices, after two sites closed. The Department for Energy Security and Net Zero…
