Sunday, January 16, 2022

Kuwait, One Of The World’s Wealthiest Oil Exporters, Is Becoming Unlivable

By Fiona MacDonald (Bloomberg) –Trying to catch a bus at the Maliya station in Kuwait City can be unbearable in the summer. About two-thirds of the

January 16, 2022
Total Views: 49267

Sunday, October 24, 2021

Tankers Are Denied Entry Into Sudan’s Territorial Waters

DUBAI, Oct 24 (Reuters) – Sudan decided to halt the entry of vessels carrying fuel into its territorial waters to avoid incurring fines due to delays in

October 24, 2021
Total Views: 1618

Sunday, October 10, 2021

Port Sudan Three Week Long Blockade Causes Shortages Of Wheat And Fuel Oil

KHARTOUM (Reuters) – A three-week blockade of Sudan’s main port by tribal protesters is causing shortages of wheat and fuel oil for power

October 10, 2021
Total Views: 1144

Monday, September 13, 2021
Coast Guard Barge Inspection

Gulf Of Mexico Oil Still Hurting From Hurricane Ida

By Sharon Cho (Bloomberg) Oil rose to hits highest level in just under six weeks as investors tracked the slow restoration of supplies in the Gulf of Mexico

September 13, 2021
Total Views: 1483

Saturday, September 4, 2021
offshore spar

Pemex Can’t Afford to Develop the Oil Field It Fought to Control

By Amy Stillman (Bloomberg)–Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the

September 4, 2021
Total Views: 1564

Wednesday, August 11, 2021
tanker at sea

White House Calls on OPEC and Its Allies to Pump More Oil

By Trevor Hunnicutt Aug 11 (Reuters) – U.S. President Joe Biden’s top aides are pressuring OPEC and its allies to boost oil output to

August 11, 2021
Total Views: 970

Tuesday, August 10, 2021

Big Oil Squeezes Renewable Energy Profits as Commodities Rally

By William Mathis (Bloomberg) — The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and

August 10, 2021
Total Views: 1488

Tuesday, March 16, 2021
houston ship channel

Oil Demand Drag Takes Toll on Tankers

By Jonathan Saul and Laura Sanicola LONDON/NEW YORK, March 16 (Reuters) – U.S. refiners are scaling back on hiring ships for longer periods to save on

March 16, 2021
Total Views: 1611

Friday, January 22, 2021
offshore rig

Goldman Sachs Says Biden’s First Steps Are Bullish for Oil

By Andres Guerra Luz and Saket Sundria (Bloomberg) — Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market

January 22, 2021
Total Views: 3090

Wednesday, January 20, 2021
vlcc tanker

Tanker Owners Pay to Move Crude in Wake of Supply Cuts

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively

January 20, 2021
Total Views: 3096

Friday, January 8, 2021
vlcc tanker

Oil Has Best Week in Four Months With Saudi Cut Buoying Prices

By Andres Guerra Luz (Bloomberg) — Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in

January 8, 2021
Total Views: 832

Tuesday, January 5, 2021
oil tanker loading

Oil Tops $50 for First Time Since February

By Andres Guerra Luz (Bloomberg) — Oil surpassed $50 a barrel as Saudi Arabia pledged to voluntarily cut output by an extra 1 million

January 5, 2021
Total Views: 1194

Monday, December 28, 2020
Offshore Oil Rig At Night

Opinion: Was 2020 Really So Bad for Oil?

By Liam Denning (Bloomberg Opinion) — If ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil

December 28, 2020
Total Views: 1308

Friday, November 13, 2020
Oil tanker in Ningbo Zhoushan port
Maritime News

China Oil Giant Unipec Eyes New Supertankers to Shrink Fuel Glut

By Sharon Cho, Elizabeth Low and Ann Koh (Bloomberg) –China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel

November 13, 2020
Total Views: 698

Friday, November 6, 2020
Maritime News

Oil Pares Weekly Gain on Virus Surge and Election Uncertainty

By Andres Guerra Luz By Andres Guerra Luz (Bloomberg) –Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction,

November 6, 2020
Total Views: 35

Friday, October 30, 2020
Offshore Oil Rig At Night
Maritime News

Chevron, Exxon Shrink Spending as Coronavirus Cuts Demand

By Jennifer Hiller, Arathy S Nair and Shariq Khan Oct 30 (Reuters) – U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the

October 30, 2020
Total Views: 86

Chevron Big Foot
Maritime News

Chevron Posts Surprise Profit But Outlook is Grim

By Kevin Crowley (Bloomberg) –Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven

October 30, 2020
Total Views: 34

Thursday, October 29, 2020
semisubmersible drilling rig at sea

Exxon Mobil to Slash 14,000 Jobs Due to Oil Slump

By Kevin Crowley (Bloomberg) –Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s

October 29, 2020
Total Views: 78


Exxon Mobil’s Fading Star: United States’ Once Biggest Energy Company Surpassed by Rivals

By Jennifer Hiller Oct 29 (Reuters) – Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not

October 29, 2020
Total Views: 62

Thursday, October 15, 2020
tanker loading
Maritime News

U.S. Crude, Fuel Stockpiles Drop Sharply Amid Hurricane -EIA

By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while

October 15, 2020
Total Views: 19