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Crude oil
Energy Transition
Why $100 Oil Could Hurt the Energy Transition More Than It Helps
The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the glob…
Crude Oil
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows conf…
Crude Oil
Canada Eyeing Russian Oligarch Holdings in its Oil-Rich West
Canada is examining assets of Russian oligarchs and considering more sanctions, Finance Minister Chrystia Freeland said, as Western nations increase pressure on…
Oil & Gas Trade
Angola Crude Oil Exports Increased by 3% During Q4 2021
The Republic of Angola, sub-Saharan Africa’s second-largest crude producer, saw an increase of 3% in crude oil exports
Oil Price
Idaho Gas Prices Hold Steady, but the National Average is Soaring
Russia’s invasion of Ukraine is already having far reaching effects, bringing another wave of higher crude oil prices and sending the national average price of…
Crude Oil
Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets
The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “s…
Crude Oil
Saudi Arabia May Raise April Crude Prices to Asia to All-Time Highs
Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April.
Crude Oil
Oil Production from Northeast India Expected at 6.85 mt in 4 years: HS Puri
The petroleum sector to play a crucial role in the North East region’s industrial growth.
Crude Oil
U.S. December Oil Demand Hits Highest Since Before Pandemic -EIA
U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Mond…
Crude Oil
Russian Banks' Exclusion from SWIFT to Hurt Indian Oil Companies
Sanctions and exclusion of Russian lenders from the SWIFT system, the most important international payment network, will hurt Indian state-run firms' abilit…
Crude Oil
Can the U.S. Replace Russian Oil Imports?
Following Russia’s invasion of Ukraine, one of the issues being discussed a lot in the West is what an ongoing military conflict may do to oil prices.
Crude Oil
Rising Crude Oil Prices Great Opportunity for Nigeria
President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA)…
Oil Price
Can African Oil Producers Take Advantage of Increasing Oil Prices?
Russia's invasion of Ukraine has pushed the price of oil to over $100 per barrel. But, it's also opened an opportunity for African oil producers like Nigeria, A…
Crude Oil
White House Vows to Avoid Future Sanctions on Russian Crude Oil
The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said …
Crude Oil
Crude Rallies, Rouble Plunges to Record Low as Ukraine Risks Rise
Crude oil jumped while the rouble plunged nearly 30% to a fresh record low on Monday after Western nations imposed new sanctions on Russia for its invasion of U…
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