Oil Posts Weekly Loss on Oversupply Concerns
Summary Brent and WTI down more than 4% this week Supply glut remains main market focus US plans to seize more tankers off Venezuela, sources say (Reuters) – Oil prices…
Trump Administration Unlikely to Finalize 2026 Biofuel Quotas This Year, Sources Say
By EPA still reviewing comments; no end-of-year decision expected Delay folds quotas into broader oil-agriculture policy talks Uncertainty complicates contracts, hedging, and investment decisions Dec 12 (Reuters) – The Trump…
Venezuela Oil Exports Fall Sharply After US Tanker Seizure, Sources and Data Say
By Only Chevron-chartered tankers sailing into international waters About 11 million barrels stuck in vessels in Venezuela Some cargoes are onboard Washington-sanctioned ships HOUSTON, Dec 12 (Reuters) – Venezuela’s oil…
US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second time in three weeks, energy services firm Baker Hughes said…
US House Passes Bill to Fast-Track Natural Gas Pipeline Permitting
WASHINGTON, Dec 12 (Reuters) – The U.S. House of Representatives on Friday voted 213-184 to pass a bill that aims to speed up federal permitting of interstate natural gas pipelines…
What US Military Posturing Means for Venezuela’s Oil
US forces intercept and seize a sanctioned oil tanker off the coast of Venezuela, in a video released by the US Department of Justice on Dec. 10. Source: US Department…
How Billionaire Wes Edens’ Big Energy Dream Hit the Rocks
New Fortress Energy went all in on a concept it called Fast LNG. Slowly that commitment has become the company’s undoing. By , , and For 20 minutes, Wes Edens…
Oil Inches Lower on Oversupply Concerns, on Track for Weekly Loss
Summary Brent and WTI down more than 4% this week Supply glut remains main market focus US plans to seize more tankers off Venezuela coast, sources say (Reuters) – Oil…
THE WORLD’S TOP RESOURCE GIANTS: Ranked by Wealth per Capita – Visual Capitalist
By | Graphics/Design: Key Takeaways Saudi Arabia leads with nearly $1 million in natural resources per person, far ahead of other prominent resource-rich nations. Large populations push China and the…
SLB, Shell Partner to Develop AI-Powered Solutions for Energy Industry
(Reuters) – SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations. Shell and…
