Tag Archives: United States of America

Russian Deputy Energy Minister Pavel Sorokin and Deputy Secretary at the US Department of Energy David Turk held a meeting at the Conference of the Parties to the UN Framework Convention on Climate Change in Glasgow, discussing the issues of stabilization of the global oil market, and shared views on …

The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves. Supply increases next year from OPEC nations as well as U.S. drillers will ultimately pressure prices lower. The …

Saudi Arabia’s state-run energy giant, Saudi Aramco, has increased the official selling price of the Kingdom’s crude to Asian and US buyers. Global oil prices reportedly saw a smaller weekly loss as a result. In particular, Aramco increased pricing for its key Arab Light grade of crude for Asian customers …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 187 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.319 bpd in the first week of November.” The top three source countries …

U.S. President Joe Biden is considering a release from the Strategic Petroleum Reserve (SPR) as a possible move to reduce gasoline prices in the United States, after OPEC+ ignored on Thursday calls for putting extra barrels on the market, U.S. Energy Secretary Jennifer Granholm told Bloomberg on Friday. “The SPR …

The UK, Germany, Italy, South Korea, and Indonesia are among the 40 countries that signed a pledge to phase out coal. That seems a positive development for the climate. But on closer inspection, it appears that the global ‘coal to clean power transition’ commitment failed to rally the support of …

China’s Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement. The LNG will be supplied …

Oil dipped for a third day as investors turned their focus to an OPEC+ meeting on production policy after US crude stockpiles expanded. Futures in New York edged toward US$80 a barrel after losing almost 4 per cent over the past two sessions. OPEC+ is gathering later Thursday (Nov 4) …

The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US dropped to 4.901 barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 155,000 bpd. …

Oil prices slumped to their lowest in two weeks on Thursday after Iran said talks with world powers on its nuclear program would resume by the end of November and U.S. crude inventories rose by much more than expected. Brent crude dropped $1.07, or 1.3 per cent, to $83.51 a …