Brent Oil is at the Mercy of OPEC+, SEB Analyst Warns
Brent crude is totally at the mercy of OPEC+, but the group will stay the course through 2025. That’s what Bjarne Schieldrop, chief commodities analyst at Skandinaviska Enskilda Banken AB…
Galp Says CEO Resigned for Family Reasons
Galp Energia SGPS SA said Filipe Silva resigned as chief executive officer of the Portuguese oil company for family reasons. The resignation will have immediate effect and Galp will announce…
Oil CEO John Hess: Oil Markets Close To Being Balanced
Speaking at the Goldman Sachs Energy, CleanTech, and Utilities Conference in Miami, Hess CEO John Hess shared his perspective on the oil market, suggesting it is closer to being balanced…
Murphy Oil makes oil discovery in exploration well offshore Vietnam
Murphy Oil announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore…
IPAA Dubs Biden Ban ‘Significant and Catastrophic’
President Biden’s decision to ban new offshore oil and natural gas development across approximately 625 million acres of U.S. coastal and offshore waters is significant and catastrophic. That’s what Independent…
Oil Tops Brazil Exports
Oil has surpassed soybeans as Brazil’s top export, an unprecedented performance that underscores the COP30 host’s status as a fossil-fuel champion. The value of Brazilian crude exports rose 5 percent to…
Officials Declare Emergency As Oil Spill Reaches Crimea
Russian-appointed officials have declared an emergency after oil was detected on the shores of Sevastopol. Three weeks ago, two tankers plying the Kerch Strait spilled oil in the Black Sea…
Germany And Italy Have Replaced Russian Gas Via Ukraine
Central European gas flows have fully adapted to the end of Russian gas supply via Ukraine, with Germany and Italy making up the shortfall. According to Austrian Grid Management, the…
Biden Bars Offshore Oil Drilling in USA Atlantic and Pacific
President Joe Biden is indefinitely blocking offshore oil and gas development in more than 625 million acres of US coastal waters, warning that drilling there is simply “not worth the…
Top LNG Buyer in Japan Forms Think Tank to Watch Market Trends
Jera Co., Japan’s largest liquefied natural gas buyer and top utility, created a think tank to research domestic and international energy trends, according to people with knowledge of the matter,…
