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Category: Oil

Oil

Oil

How Hezbollah Is Sparking Instability In Latin America

Extreme socioeconomic inequality, weak central governments, organized crime, and the vast profits generated by cocaine have inflamed geopolitical instability in Latin America for decades. That

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By admin
Posted onMay 24, 2022
Oil

WTI Spikes On Large Draw In Gasoline Inventories

The American Petroleum Institute (API) reported a small build this week for crude oil of 567,000 barrels. The draw comes even as the Department of

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By admin
Posted onMay 24, 2022
Oil

Russia’s Oil Export Loophole Runs Through Greece

Last month, we reported that India had doubled down on Russian oil after the west slapped a chain of sanctions on Moscow. India has never

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By admin
Posted onMay 24, 2022
Oil

Aramco Can’t Add Oil Production Capacity Faster Than Promised

The world’s largest oil company, Saudi Aramco, cannot increase its oil production capacity any faster than it has already promised, the head of Saudi Aramco

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By admin
Posted onMay 24, 2022
Oil

Gasoline Prices Are Set To Spike This Week

With U.S. drivers preparing for Memorial Day weekend, gasoline demand is set to increase just as inventories continue to drop, pushing prices even higher.The executive

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By admin
Posted onMay 24, 2022
Oil

Europe’s Largest Port Plans To Become A Major Hydrogen Hub

Rotterdam betting on a portfolio of hydrogen carriers   Europe’s largest port is poised to become a key hub of a new “hydrogen economy” with

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By admin
Posted onMay 24, 2022
Oil

U.S. Oil Refiners Brace For Hurricane Season

U.S. oil markets are preparing for hurricane season amid already low oil product stockpiles, as forecasts predict a more active season this year. Between six

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By admin
Posted onMay 24, 2022
Oil

UK Energy Bills Could Surge By Another 42% In October

The UK hasn’t seen the worst of its cost-of-living crisis as energy bills could soar by another 42% in less than six months’ time when

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By admin
Posted onMay 24, 2022
Oil

UK Business Secretary: Windfall Tax On Utilities Could Hamper Net-Zero Push

Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng.

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By admin
Posted onMay 24, 2022
Oil

How Europe’s Push To Cut Off Russian Gas Is Impacting Steel Markets

Steel prices and gas are the primary topics of conversation today. It seems that steel traders in China are seeking more buyers abroad for their

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By admin
Posted onMay 24, 2022

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