The Charles Eddie, a crude oil tanker owned by Euronav SA, a Belgian shipping company, sails northbound on the Suez Canal in Ismailia, Egypt. Dana Smillie | Bloomberg | Getty Images Crude oil futures held steady on Tuesday as the wars in Eastern Europe and the Middle East disrupt supplies. The West Texas Intermediate contract … Read more
The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images A global gold rush is underway for a long-overlooked resource that advocates say … Read more
Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Video Obtained By Reuters | Via Reuters Crude oil futures rose Monday as Ukraine drone strikes disrupt Russian oil refining capacity. The West … Read more
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Nick Oxford | Reuters Senior U.S. lawmakers believe the International Energy Agency has “strayed from its core mission” of safeguarding energy security and has emerged as a “cheerleader” for the green transition. … Read more
US Energy Secretary Jennifer Granholm speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | AFP | Getty Images HOUSTON — The Biden administration this week sought to reassure skeptical oil and gas executives this week that a pause on liquified natural gas exports from new projects would be … Read more
Kuwait Petroleum Corporation Deputy Chairman & CEO Shaikh Nawaf Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | Afp | Getty Images HOUSTON — The crisis in the Red Sea could lead to a shortage in the global tanker fleet if disruptions persist for another six months, … Read more
Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp | Getty Images Top oil executives have been sharply criticized for pushing back against the viability of the clean energy transition at a U.S. conference, with campaigners denouncing an industry claim … Read more
Shaikh Nawaf S. Al-Sabah, deputy chairman and chief executive officer of Kuwait Petroleum Corp., speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024. Aaron M. Sprecher | Bloomberg | Getty Images HOUSTON — Global energy demand will increase faster than the rate of population growth through … Read more
HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly, Woods told the CERAWeek by S&P Global energy conference that acquiring Hess is not one of Exxon’s objectives in the dispute with Chevron. Exxon would … Read more
Amin Nasser, chief executive officer of Saudi Aramco, speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024. F. Carter Smith | Bloomberg | Getty Images HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” … Read more
