Tag Archives: United States of America

During the Covid-19 pandemic, when oil prices fell to a record low, millions of oil and gas jobs were cut worldwide. This was owing to a decrease in oil and gas operations due to work and movement restrictions, as well as many companies going bankrupt. During this time, several oil …

The new expansive U.S. sanctions on the Russian oil industry and exports could affect global oil flows, complicating trade logistics for producers using shadow fleets such as Russia, Iran, and Venezuela, the International Energy Agency (IEA) said on Wednesday. Despite the prospect of declining supply from Russia and Iran, with …

Crude oil prices started the week with a gain that pushed Brent crude to the highest in four months following the introduction of a fresh package of sanctions against Russia by the Biden administration. The sanctions focused on Russia’s oil industry. At the time of writing, Brent crude was trading …

Moscow on Saturday accused the United States of being ready to risk global energy instability with new sanctions on Russia’s energy sector, including industry majors such as Gazprom Neft, which were announced earlier on Friday. The U.S. and the U.K. on Friday announced new sanctions against Russia’s energy sector, including …

The US Energy Information Administration (EIA) announced, on Sunday, that Iraqi oil exports to the US had dropped during the past week. “In a span of a week, the US imports of crude oil from 10 major countries amounted to 6.016 million bpd, up by 251,000 bpd from the previous …

The United States is set to impose some of the harshest sanctions yet on Russia’s oil industry, Reuters has reported. According to a purported U.S. Treasury document circulating among traders in Europe and Asia, some 180 vessels, several senior Russian oil executives, dozens of traders and two major oil companies …

Ever since President-elect Donald Trump started talking about tariffs, Canada’s government has gone through a transformation. Overtly not huge fans of oil and gas, the ministers in Ottawa suddenly turned defensive. The latest to do that was resource minister Jonathan Wilkinson, who this week threatened in-kind retaliation against Trump’s tariffs. …

Oil prices declined for a second day on Thursday after large builds in fuel inventories in the U.S., the world’s biggest oil user, though expectations for increasing winter fuel demand and concerns over tighter supply limited the drop. Brent crude futures fell 8 cents to $76.08 a barrel by 0409 …

US President Joe Biden announced Monday that he is moving to ban new offshore oil and gas drilling along most US coastlines. “I am taking action to protect the East and West coasts, the eastern Gulf of Mexico, and Alaska’s Northern Bering Sea from oil and natural gas drilling and …

The US is bracing for a surge in natural gas demand as freezing weather and snowstorms threaten to cause widespread power outages, reported Reuters, citing energy analysts and reliability coordinators. The current conditions could lead to the highest levels of natural gas demand this winter. The increased demand coincides with …