(Oil Price)– Power generation from clean energy rose globally in the first half of the year, led by the renewables champion China, while power output from fossil fuels remained flat from a year earlier, due to rising gas and coal use in Europe and surging coal generation in the United States. China’s clean energy generation jumped by 14% to a
(World Oil)– Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. “Facilities such as
(World Oil) – A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady. A seven-day rolling average for oil tankers above 10,000 deadweight tons that sailed through the Strait — the passageway for the Persian Gulf’s energy supplies to the world — was approximately 42-to-45, according
(Oil Price) – Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May for foreign operators to wind down operations in the South American country, official Spanish data showed on Friday. Earlier this year, Spain’s imports of crude oil from Venezuela jumped by nearly 60% in January and February compared to the same period of 2024. Spain’s
(Investing) – OPEC+ has been unwinding its voluntary production cuts at a faster rate than it had previously outlined, although this has yet to translate into a noticeable change in volumes on very large crude carriers, according to analysts at Jefferies. Since April, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, has either made
(Oil Price) – Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight. Overnight, Ukrainian drone attacks targeted Russia’s Kursk and Voronezh regions, igniting fires in residential buildings, causing significant disruptions to highway traffic and reportedly
(Oil & Gas 360) – HOUSTON, May 5, 2025 /PRNewswire/ — Gretchen Watkins, President, Shell USA since July 1, 2018, will step down, effective July 31, 2025, after seven years in role. Colette Hirstius, currently Executive Vice President, Gulf of America, will take on the responsibility of President, Shell USA, in addition to her current role as Executive Vice President, Gulf of America, effective August
(Oil & Gas 360) – While Recession Worry Is High, Stock Prices Suggest It Has Happened. Stock Prices & Data Also Indicate A Great Natural Gas & Oil Buy-Low Opportunity. Energy Market Assessment: While recession worry is high, stock prices suggest it has happened- oil & gas 360 The S&P 500 dropping 1,312.39 (21.3%) and the NASDAQ dropping 5,420.55 (26.8%) from
(BOE Report) – U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain’s foreign minister promised to defend Repsol’s interests. President Donald Trump’s administration told Repsol it had until May 27 to wind down its operations in the Southern American country, the spokesperson added.
(Oil Price) – Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant Aramco is set to slash its official selling price (OSP)
(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom- oil and gas 360 While many are worried about stock market volatility, interest rates, tariffs
(Oil & Gas 360) – Weekly Oil & Natural Gas Inventory Data Are Indicating We Head To Notably-Tighter Markets Than Stock Prices Show The Consensus Is Thinking. While the NASDAQ and S&P 500 show great performance and expectations, Energy stocks continue to reflect little interest/low expectations. Great performance and high expectations are evident in the NASDAQ setting another new record high
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