Container Ship Backlogs and Soaring Rates Drive Supply Chain Congestion Concerns | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 17, 2024, 12:00 PM CDT Goldman Sachs’ supply chain congestion index nears “Congest” level for the first time in 1.5 years due...Continue Reading

LLOG Exploration Company has acquired 41 blocks of offshore acreage encompassing approximately 236,000 acres in the East Breaks and Alaminos Canyon area of the deepwater GOM. SourceContinue Reading

PEL 73 is located onshore northeast Namibia, covering an area of approximately 25,341 km2. Two exploration wells are planned to be drilled in the Damara Fold Belt basin in the second half of 2024. The wells are targeting a combined un-risked resource potential of 489 MMbbl of oil, based on the most recent prospective resource...Continue Reading

Oil and Gas Exports Are Increasingly Important for Canada’s Economy | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 17, 2024, 11:00 AM CDT Alongside surging production, Canada’s oil and...Continue Reading

Oil Extends Gains As EIA Confirms Crude Draw, Rising Fuel Inventories | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jul 17, 2024, 9:54 AM CDT Crude oil prices went higher today,...Continue Reading

Thai Tycoon to Create $20 Billion Firm With Energy and Telecoms Merger | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 17, 2024, 9:30 AM CDT Thai billionaire entrepreneur Sarath Ratanavadi plans to merge his energy and telecoms companies in a new firm, which will...Continue Reading

Russian Oil Supply to Hungary Halted Due to Ukraine Sanctions on Lukoil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 17, 2024, 8:30 AM CDT Despite the fact that EU pipeline crude imports from Russia are not banned by the embargo, Russia is not...Continue Reading

Was President Trump Responsible for Lower Gas Prices? | OilPrice.com Premium Content By Robert Rapier – Jul 17, 2024, 7:54 AM CDT Gas prices have fluctuated significantly over the past 30 years due to various factors like oil supply and demand, economic conditions, and geopolitical events. While President Trump is often credited with lowering gas...Continue Reading

Greece to Impose One-Off Windfall Tax on Gas Power Producers | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 17, 2024, 7:34 AM CDT Greece plans to tax its natural gas-fired power producers with a one-off windfall tax in August and September to raise funds...Continue Reading

Growth in Fusion Energy Investments Slows for a Second Year | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 17, 2024, 5:32 AM CDT Investments in fusion energy efforts globally increased for yet another year, but the growth was slower than in the previous two...Continue Reading