OPEC+ Supply Dips as Saudi Arabia’s Production Cuts Take Effect
In July, the oil supply from OPEC+ saw a significant dip of 1.2 million bpd, bringing the total to 50.7
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Crude OIl
Russia Extends Crude Export Cuts Through to September
Earlier this year Russia boldly pledged to slice its overseas supplies by half a million barrels a day. Now, Russia
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More Market Turmoil: Moscow Vows to Slash Crude Output in Retaliation to Western Sanctions
Russia announced that it will voluntarily cut crude production by 500,000 barrels per day starting in March, as it stops
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Oil Prices Surge After Iranian Drone Allegedly Struck Israeli Billionaire’s Crude Tanker
An oil tanker belonging to Israeli billionaire Idan Ofer’s company Eastern Pacific Shipping was allegedly hit by a “projectile” off
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Europe Importing More Russian Oil Than Before Sanctions
The EU is importing more Russian oil than before western leaders imposed crippling (or what were meant to be crippling)
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Crude Oil Jumps Above $120 as EU Members Stall on Russian Oil Embargo, Shanghai Eases Covid-19 Restrictions
Crude prices hit a two-month high this week, as China continued to ease Covid-19 restrictions and the EU failed to
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Biden Administration Eases Venezuelan Energy Sanctions in Effort to Boost Oil Supply
The White House is moving ahead with easing sanctions on Venezuela’s government, in a bid to boost the global oil
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The Great Oil Sale! Russia Sells Heavily Discounted Crude to India as Sanctions Bite
Russian President Vladimir Putin is offering substantial discounts on oil sales to India, as crippling Western sanctions take their toll
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Caught Between a Rock and a Hard Place: India Mulls Importing Russian Gas Despite Ukraine Crisis
As the list of countries denouncing Russian President Vladimir Putin’s military mission in Ukraine continues to grow, India faces an
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Joe Biden Quietly Calls on US Oil Companies to Boost Production
In a hail Mary attempt to somehow slow down the skyrocketing increase in oil prices, the Biden administration decided to
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