CERAWeek Haunted by Tariffs and Tanking Oil
The current year’s CERAWeek by S&P Global conference kicked off in U.S. metropolis of Houston on Monday, with the energy sector’s most influential annual forum expected to convene over 450 C-Suite executives, 80 ministers and top officials and m…
Why Some in Europe Still Clamour for Russian Gas
Three years ago, Europe suffered one of its biggest energy crises in modern history following Russia’s invasion of Ukraine. Throughout 2022, the weaponization of natural gas supplies by Russia greatly aggravated the continent’s energy security, lead…
Refinery Shutdowns, Growing Demand Could Send Fuel Inventories to 25-year Low
Refinery closures combined with growing demand for gasoline, diesel, and jet fuel are about to start squeezing available volumes—and this squeeze is about to become marked next year. That’s according to the Energy Information Administration, which w…
These Canadian Energy Firms Could Be Among The Hardest Hit By U.S. Tariffs
With U.S tariffs on Canadian imports coming into effect on Tuesday, March 4th, analysts have started to quantify the potential losses for Canadian companies from the trade spat. Energy firms account for 40% of the top 10 Canadian companies that would…
US Oil, Gas Rig Count Inches Up As Drillers Proceed With Caution
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig increase in the week prior.The total rig count rose by 1 rig, to 593, according to…
Trump's Energy Policies Face Legal Challenges
As U.S. President Donald Trump rolls back the former government’s renewable energy initiatives in favour of fossil fuels, environmentalists and climate groups are not taking it lying down. Trump said throughout his electoral campaign that he intended…
Why Oil Prices Could Be Headed Lower
U.S. President Donald Trump has kicked off his second term with a bang, launching a systemic and aggressive makeover of the American government.Trump’s new administrative strategy closely mirrors what Steve Bannon, former chief White House strategist…
Is Iraq Now Looking To Russia To Further Develop Its Huge Gas Potential?
Iraq is committed to increasing investment in its gas sector as a key driver for economic growth, according to Oil Minister Hayan Abdul Ghani recently. There is certainly sufficient potential there for the idea to become reality, with official estimat…
Iraq Reiterates OPEC+ Pledge Ahead of Restart of Kurdistan Oil Exports
Iraq remains fully committed to its pledges in the OPEC+ agreement as the restart of oil exports from the semi-autonomous Iraqi region of Kurdistan appears imminent.“The Iraqi oil ministry affirms its full commitment to the OPEC+ agreement,” the min…
US Oil, Gas Rig Count Ticks Up Again
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 2-rig increase in the week prior.The total rig count rose by 4 rigs, to 592, according t…
Oil Prices Climb as Trump Pledges to Refill Strategic Petroleum Reserve
The U.S. Administration will fill up fast the Strategic Petroleum Reserve (SPR), President Donald Trump said at an investment conference in Miami.“We’ll fill it up fast, but it’s at the lowest level. When we made the transition, it was at the lowes…
Energy Traders Reduce Risk Exposure Amid Trump Chaos
U.S. President Donald Trump has kicked off his second term with a bang, launching the most systemic and aggressive makeover of the American government. Trump and his allies have moved at lightning speed to force out longtime civil servants by launchin…
Is Petrobras’ New Discovery Reviving Brazil’s Pre-Salt Oil Boom?
Recently, we reported that Brazilian President Luiz Inacio Lula da Silva has been pressing the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing that revenue from this new fossil fuel supply could …
Will OPEC Sit Back as Non-OPEC Oil Gains Ground?
Crude oil production in countries that are not members of OPEC is set to account for most of global supply growth both this year and next. That’s according to the U.S. Energy Information Administration, which saw non-OPEC growth at an impressive 1.8 …
Oil Bulls Meet Trade War Turmoil
The January oil price rally gave way to a sell-off in February as the market started pricing in the trade war risks that could dampen economic and oil demand growth in the world’s biggest economies.Oil prices jumped in January after the Biden Adminis…
Germany To Extend Rosneft Trusteeship
Germany is set to extend its trusteeship over Russian oil company Rosnefts local subsidiaries for another six months, marking the fifth time it has done so. Back in 2022, Germany seized the local units of Rosneft and Gazprom, including three oil refin…