Nigeria’s oil minister has finally approved Shell Plc’s (NYSE:SHEL) sale of $2.4 billion in assets to Renaissance Group, Renaissance has revealed. The greenlight comes just two months after Africa’s biggest crude producer declined to approve the sale of Shell’s onshore and shallow-water oil and gas in the Niger Delta region to a consortium of local...Continue Reading

Will Trump’s Second Term Bring Lasting Peace to the Red Sea? | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Dec 18, 2024, 12:00 PM CST The election of Trump has coincided with a decrease in Houthi attacks in the Red Sea and...Continue Reading

EPA Approves California Ban Of Fossil-Fueled Cars Starting 2035 | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 18, 2024, 11:30 AM CST The Environmental Protection Agency (EPA) has approved California’s bid to enforce a rule to end...Continue Reading

China’s Push for 7% Growth Faces Big Challenges | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Dec 18, 2024, 11:00 AM CST China is adopting looser...Continue Reading

Barclays Downgrades Energy Services Sector Amid Bearish Outlook | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 18, 2024, 10:30 AM CST Analysts at Barclays have downgraded the energy services sector on Wednesday, giving it a Neutral rating...Continue Reading

Seadrill has announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process. SourceContinue Reading

TechnipFMC has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria. SourceContinue Reading

Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an inventory decline of 900,000 barrels for the week to December 13. The number compares with an inventory draw of 4.7 million barrels estimated by the American Petroleum Institute for the same week on Tuesday. A week ago, the EIA estimated a...Continue Reading

Saudi Crude Oil Exports Jumped to Three-Month High in October | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 18, 2024, 9:30 AM CST Saudi Arabia’s crude oil exports rose to a three-month high in October, the latest data from the Joint Organizations Data Initiative...Continue Reading

Germany’s Natural Gas Consumption Rose by 3.3% in 2024 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 18, 2024, 9:00 AM CST German natural gas demand rose by 3.3% in 2024, driven by increased industrial and power sector consumption. Norway remains Germany’s top gas...Continue Reading