Oil Continues To Slide After A Brief Rally Fizzles
Oil extended its losses to land near a five month low, as a minor rally fizzled out. Traders who has no real commitment to any model, combined with mounting worries…
Russian Oil Revenues Higher Than Before Ukraine Conflict
Russian oil revenues on a monthly basis now exceed what they were prior to the military operation in Ukraine, according to a new report by Bloomberg on Wednesday. The outlet…
India Considers Banning Ethanol Production Amid Sugar Shortage
As India is battling a domestic sugar shortage that is threatening to send prices sky-high, the government is considering reducing the production of ethanol from sugar cane to reduce the…
Biden Administration Created A National Security Risk By Draining SPR – Expert
US Oil and Gas Association President Tim Stewart said in an interview with Fox News on Sunday that the repeated releases of crude oil by President Joe Biden from the…
Head Of COP28 Climate Summit Says “No Science” Supports Opposition To Fossil Fuels
On Sunday, the president of the COP28 climate summit launched a broadside atttack on the zero-emission policies being supported by the United Nations, noting that there is “no science” which…
Russia Set To Become Top LNG Producer In World
According to a new analysis released by Russian energy giant Gazprom, Russia is poised to become the third-largest producer of liquified natural gas (LNG) in the world. The biggest energy…
Spain Importing Record Quantities Of Russian LNG
On Friday, Spanish outlet El Mundo reported that Spain increased the amount of Russian natural gas it purchased in 2023, as the imports appear poised to hit a historic high…
Brazil To Join OPEC+
Brazil is preparing for its entrance into the OPEC+ group of oil-producing countries in January of 2024, according to Energy Minister Alexandre Silveira, who spoke on Thursday. OPEC+, led by…
OPEC+ To Increase Production Cuts
At the most recent OPEC+ meeting, led by Russia and Saudi Arabia, an agreement was reached to increase production cuts by the alliance to 2.2 million barrels per day (bpd),…
Oil Stabilizes Lower After OPEC+ Meeting Yields Cuts, But No Certainty
Oil stabilized after tumbling on Thursday, after OPEC+ met, and promised additional output cuts forthcoming, but failed to provide any details regarding them. Brent crude futures for February delivery were…
