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.Korea and Turkey have opposed a deal during OECD’s Paris talks EU, US working to finalize deal this week on financing cuts The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves into the …
Europe and U.S. Push for Oil-Funding Curbs Deal to Outlast Trump Read More »
Summary Container shipping firms are at the vanguard of the green push Order books reflect uncertainty over supplies of cleaner fuels Dual-fuel LNG ships make up the bulk of container ship orders Shippers invest in other green fuels like methanol, ammonia, hydrogen LOS ANGELES, Nov 21 (Reuters) – Container shipping companies like Maersk , CMA …
Container Shippers Hedging Green Transition with Dual-Fuel Vessel Orders Read More »
(Reuters) – U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell in the week ending November 15, the Energy Information Administration said on Wednesday. Crude inventories rose by 545,000 barrels to 430.3 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 138,000-barrel rise. Crude stocks …
US Crude Stocks and Gasoline Inventories Rise, Distillate Stocks Fall, EIA Says Read More »
(Reuters) – U.S. Gulf Coast commercial crude oil imports rose to 2 million barrels per day (bpd) last week, the highest since July 2020, data from the U.S. Energy Information Administration showed on Wednesday. The data, which excludes purchases made for the country’s Strategic Petroleum Reserve, showed Gulf Coast crude oil imports rose by about …
US Gulf Coast Crude Oil Imports Rise to Over Four-Year High, EIA Says Read More »
(Reuters) – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said. The Organization of the Petroleum Exporting Countries and its allies …
OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak Demand Read More »
The US president-elect wants to apply “maximum pressure” on Iran to curb revenue going back to Tehran. That’s easier said than done. Bloomberg News US President-elect Donald Trump wants to ratchet up sanctions pressure on Iran in order to curb oil revenue and thus the regime’s ability to fund proxy militias. A flotilla of aging …
Asia’s Dark Fleet Hub Highlights Trump’s Oil Sanctions Headache Read More »
(Reuters) – Oil was broadly stable on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia offset data showing rising U.S. crude stocks. Brent crude futures for January were up 22 cents, or 0.3%, to $73.53 a barrel at 1026 GMT. U.S. West Texas Intermediate crude futures for …
Oil Little Changed as Market Weighs Mixed Drivers Read More »
(Reuters) – Oil production in North Dakota, the third-largest producing state in the U.S., rose by 20,000 barrels per day (bpd) to 1.2 million bpd in September, monthly data from the state’s Industrial Commission showed on Tuesday. September’s production was the highest since April but will likely outpace October’s output, after wildfires crossed into key …
North Dakota Oil Production Hits 5-Month High in Sept, State Regulator Says Read More »
(Reuters) – The return to service of BP’s Whiting, Indiana refinery has been delayed, industry sources said. BP started the planned turnaround activity at its 435,000 barrel-per-day refinery in late September. The refinery began restarting units involved in the turnaround in early November. A source said at least two of the units have experienced startup …
BP’s Whiting Refinery in Indiana Delays Return to Service, Sources Say Read More »
By Robert Cyran NEW YORK, Nov 19 (Reuters Breakingviews) – Want to know how much oil the United States could produce? Don’t look at the occupant of the White House for direction. Over the past five decades, it has not mattered. President-elect Donald Trump may want oil companies to “drill, baby, drill” but more important …
