Western Companies Ignoring Russian Crude Price Cap
On Monday Bloomberg reported that Russian oil is continuing to be shipped via Western-insured tankers in spite of the fact that Urals grade crude is now trading above the $60…
Europe Sees Gas Tumble As Woodside May Have Union Deal
As signs of a potential resolution to a labor dispute at the largest liquified natural gas export plant in Australia emerge, reducing fears over one of three potential strikes in…
Russian LNG Exports To Georgia Surge
Russian sales of liquified natural gas (LNG) to Georgia were up 44.2% year over year in the first seven months of 2023, according to the Georgian Oil Product Importers Union,…
LA Refineries Come Through Hilary With No Damage
According to traders and sources familiar with plant operations, the five oil refineries located in Los Angeles have come through Hurricane Hilary’s landfall with no damage or loss of operations.…
Woodside LNG Notified By Unions A Strike Is Imminent
On Sunday, unions at Woodside Energy Group’s North West Shelf offshore gas platforms announced they planned to begin a strike as soon as September 2nd, in a move which could…
Energy Costs Skyrocket In The Southern US
New government data being cited in a report by OilPrice shows that as the southern US has endured record-breaking temperatures, driving up electricity consumption by households, energy bills have been…
Chinese Imports Of Russian Gas Surging
According to new data released by the Chinese General Administration of Customs. between January and July China increased its purchases of both Russian pipeline gas, and Russian liquified natural gas…
Oil Producers Running Fewest Rigs Since Ukraine Invasion
Oil producers have the fewest drilling rigs in active service right now, that they have had running since the beginning of the war in Ukraine, indicating they do not see…
Saudi Crude Exports Hit Almost Two-Year Low
According to new data compiled from the Joint Organizations Data Initiative (JODI) and released on Wednesday, Saudi Arabian crude oil shipments have fallen to their lowest levels in nearly two…
Crude Stabilizes Off Data Pointing To Tighter Inventories
After a two-day decline, oil stabilized due to new industry estimates which indicated US inventories may be lower than was thought, potentially pointing to a tighter market. West Texas Intermediate…
