(Bloomberg) — Russia’s seaborne crude exports soared to an 11-month high in the second week of April with flows from all major ports near peak levels. Most Read from Bloomberg Last week’s jump propelled total weekly flows to the highest since May 2023, for a level that has been exceeded only twice since the start […]
(Bloomberg) — A temporary halt in shipments of Russia’s Sokol crude from Sakhalin Island on the Pacific Coast was offset by a surge in flows of ESPO from nearby Kozmino, lifting four-week exports to the highest level in almost four months. Most Read from Bloomberg The jump in this less volatile measure of overall exports […]
(Bloomberg) — Russia’s seaborne crude shipments fell for a second week, with difficulties selling a key Pacific grade to India set to further snarl flows in the coming week. Most Read from Bloomberg Moscow has been struggling to get its Sokol crude into India, the main market for the grade produced by the Sakhalin 1 […]
By Mike Scarcella (Reuters) – Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico. The antitrust lawsuit from energy infrastructure developer […]
Russia has a history of painting decoy military aircraft at its airbases around the country. Analysts say the tactic is an attempt to mislead Ukraine when it carries out long-range attacks. Both Moscow and Kyiv have used decoys to try and deceive the other side throughout the war. Russia has a history of painting fake […]
Exxon Mobil’s fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. Shares rose 2% before the market opened Friday. Revenue for […]
Dow Jones futures fell solidly early Friday, along with S&P 500 futures and Nasdaq futures as oil prices jumped on U.S. strikes vs. Houthi rebels. JPMorgan, Bank of America, UnitedHealth and Delta Air headline Friday morning earnings. X The stock market rally showed resilience after a volatile morning following a hotter-than-expected CPI inflation report and […]
An oil pump jack pumps oil in a field near CalgaryReuters Investors have ramped up short bets on the price of Brent and WTI crude oil. The bearish bets largely stem from Saudi Arabia’s recent price cuts on its flagship crude product. Traders are also eyeing funds poised to sell around $2 billion of crude […]
Flint Hills Resources reported a crude oil leak Saturday at the company’s Ingleside facility in San Patricio County, Corpus Christi emergency management officials stated Sunday. Officials say there were no impacts on any area waters. The Texas Commission on Environmental Quality (TCEQ) is working with Flint Hills Resources, the news release stated. The cause of […]
(Bloomberg) — Russia’s seaborne crude exports ended the year on a high, as four-week average shipments climbed to the highest since early November and weekly flows jumped to the most since July. Most Read from Bloomberg About 3.46 million barrels a day of crude were shipped from Russian ports in the four weeks to Dec. […]
TotalEnergies SE (TTE) said on Tuesday that is has started the second development phase of an oil field off the coast of Brazil. The company announced the start of crude oil production at the Mero field on the Libra block located over 180 kilometers off the coast of Rio de Janeiro in the pre-salt area […]
Crude oil tankerGetty Images OPEC+ can’t cut oil output enough to push prices higher than where they’re at. According to one expert, that’s because the US is producing a record amount of oil. A softening economic outlook will hit oil demand next year. Oil prices have been edging higher this week, but there’s not much […]