Update (1020ET): As expected a Gibraltar judge has agreed to release the seized Iranian oil tanker, Grace 1 (which was allegedly shipping 2.1m barrels of crude to Syria, breaching EU sanctions).
Norway's US$1-trillion fund - the world's biggest sovereign wealth fund - sent shockwaves through global markets nearly two years ago when it said in November 2017 that it recommended the removal of oil and gas stocks - around US$35 billion worth
The Trump Administration's decision to reimpose sanctions on the Iranian oil trade has dramatically reduced Iranian crude exports - but it hasn't stopped some of the US's largest economic rivals from accepting shipments of Iranian crude, according to
Given the rising tension in the Strait of Hormuz, and the mysterious spate of seemingly random attacks on tankers that some have blamed on Iran, it's no surprise that more captains transporting shipments of crude and LNG through one of the busiest co
Crude oil in floating and onshore storage in Iran has exceeded 110 million barrels, French energy data analysts Kpler reported this week, noting the number of barrels in floating storage specifically had increased almost twofold over the last two mon
Iran's Islamic Revolutionary Guard Corps (IRGC) says it has seized a foreign vessel with 12-crew members carrying one million barrels of oil.
In its second quarter industry outlook report, released on the same day as the latest monthly statistical report, the API said the United States is poised for a continuation of record oil production. This report also highlighted that while U.S. crude
A new report from Bloomberg exposes how international traders can skirt around US sanctions to buy and sell Venezuelan oil, which allows the Maduro regime to remain in power.
Update: Russian Energy Minister Novak has stated that the extension of six to nine months is a consolidated agreement and other countries are in favour of such an extension. Novak's comments, and Russia agreeing to extend the OPEC+ deal, have re
Texas is only behind Russia, Saudi Arabia and the USA in crude oil output.
Following statements on Meet the Press Sunday where he said "I was against going into the Middle East," and lamenting that "we've spent 7 trillion dollars" there, Trump continued his theme of drawing down in the region on Twitter, saying Monday morni
US Crude oil production is up 600,000 barrels per day since the start of 2019 to 12.3 million barrels per day.