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Why Venezuela Sacked PDVSA CFO
Venezuela just sacked US-sanctioned CFO of PDVSA, Simon Zerpa. Any significance to this move? Does it even matter?- Addy Replied
- 1 reply
- 3,168 views
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PDVSA Mass Exodus of Workers
Univsion is reporting a mass exodus of employees from state-run PDVSA, as rising inflation has basically made their public worker salary almost owrthless. PDVSA...- Rodent Replied
- 0 replies
- 2,125 views
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Russia Eager to Buy into Aramco
So, Russian banks are apparently "eager" to take a piece of Aramco, in partnership with Chinese investors. I wonder if it's too late for...- Marina Schwarz Replied
- 3 replies
- 7,571 views
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Fuel Hawkers in Nigeria Thrive
Nigerian fuel hawkers are turning in a good profit even without fuel shortages in the country. As they apparently get their goods from pipeline...- Marina Schwarz Replied
- 0 replies
- 2,873 views
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Tesla vs. China--Who Will Be Victorious?
China is still digging its heels in, and not allowing Tesla to 100% own a factory there. China, as in all manufacturing businesses there,...- Rodent Replied
- 5 replies
- 2,735 views
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Is US really going to privatize fed power companies?
I read this article https://oilprice.com/Latest-Energy-News/World-News/White-House-Proposes-Sale-Of-Federal-Power-Assets.html that talks about the government piecing out fed power assets. How would that even work? I'm not sure I get it.- Addy Replied
- 0 replies
- 1,612 views
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THE GLUT IS COMING, THE GLUT IS COMING!
IEA OMR today says oil production growth, led by US production, will outweigh oil demand growth. Not good for oil prices. Not good for...- Rodent Replied
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- 1,646 views
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Big Oil, militants destroy Niger Delta; Now gas flaring is last nail in coffin
We all know that big oil and the militancy in the Niger Delta have destroyed this place for local communities, but I hadn't heard...- gas flaring
- nigeria
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- Carlsbad Replied
- 2 replies
- 2,688 views
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How great to be an oil explorer in Norway?
I hadn't realized until the European Free Trade Association (EFTA) started investigation just recently, that Norway lets companies deduct 78% of their exploration costs...- TraderTate Replied
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- 1,596 views
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Colombia Oil Field Shut
Colombia again shutting in an oilfield for safety reasons as threats against it are made. Things are not looking so good for marriages between...- Rodent Replied
- 2 replies
- 1,826 views
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Big Oll: Who's the Fairest of Them All?
Big Oil majors are fighting for investors' favors, apparently, now that they have more cash to dangle in front of their eyes. SO, who's...- Marina Schwarz Replied
- 0 replies
- 1,679 views
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China Futures. For Real This Time?
March 26th is the date, supposedly, for China's oil futures contract. Talk about a market disruptor. This has been talked about seemingly forever. If...- Rodent Replied
- 1 reply
- 1,615 views
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Iraq Signs Agreement To Build A 70,000-Barrels-Per-Day Oil Refinery
Iraq, OPEC's 2nd largest oil producer, wants to build new refineries as its oil processing capacity was severely curtailed by damage to its largest...- Petar Replied
- 4 replies
- 2,960 views
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EPA Penalties Decline From Last FY
EPA penalties were significantly less this last fiscal year, partially under Trump administration. To be fair, part of it was under Obama and part...- Rodent Replied
- 4 replies
- 2,779 views
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Europe losing out on oil quality as Russia diverts to China for market share
Battling for Asian market share with OPEC and US, Russia is diverting higher-quality crude cargoes from Europe to China. Something's got to give. Europe's...- TraderTate Replied
- 1 reply
- 2,049 views
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Venezuela Buying Crude Again
After a seven-month stoppage, Venezuela once again buying crude (and when I say "buying", I mean swapping goods for) for its Isla refinery. It's...- Rodent Replied
- 1 reply
- 3,329 views
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Fire Sale: Strategic Petroleum Reserve
Budget deal congress reached yesterday calls for the sale of 100 million barrels of SPR between 2022 and 2027. Hope the prices are high...- Rodent Replied
- 4 replies
- 2,081 views
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India Advances Grand Energy Plans
India is planning to raise its LNG import capacity from 20 million tonnes to 70 million tonnes and is boosting oil refining capacity by...- Marina Schwarz Replied
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- 2,431 views
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How Hypocritical is Greenpeace?
Greenpeace is challenging a Norway court's decision to leave Arctic oil licenses in place. last year it went to protest against Arctic drilling on...- oil
- greenpeace
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- Marina Schwarz Replied
- 4 replies
- 2,349 views
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Ineos' Forties Down Again
Britain's most important oil route, Forties pipeline, down again, after being down for weeks starting in December. This does not bode well for the...- Rodent Replied
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- 5,817 views
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Moody's has grim take on Venezuela
I mean, more grim that it already has. Moody's says high oil prices cannot offset the drop in production, and inflation of 4,000% expected...- Rodent Replied
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- 1,301 views
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ONGC set for major selloff
India’s Oil and Natural Gas Corp. planning to sell off uts largest state-run refinery, and largest state-run utility to unburden itself from $5billion worth of...- Rodent Replied
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- 1,970 views
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- Rodent Replied
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Iran Oil Minister Talks about Early End to OPEC Deal
“If we want to make a decision, it has be at the right time, which is June -- when we’ll next meet,” Zanganeh said....- Marina Schwarz Replied
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- 1,678 views
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Climate Change is Sexist
Climate change will place disproportionate burden on women in the future, as women will shoulder the brunt of foraging for food and firewood, according...- Rodent Replied
- 2 replies
- 1,814 views
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Crude Oil Types
We've talked about oil types somewhat--this is a great article about the different types of oil for anyone interested. https://oilprice.com/Energy/Crude-Oil/A-Detailed-Guide-On-The-Many-Different-Types-Of-Crude-Oil.html- Rodent Replied
- 4 replies
- 3,531 views
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Venezuela says us sanctions won't stymie production
I thought Venezuelan production was already stymied? am I missing something? https://www.reuters.com/article/us-venezuela-politics-usa/maduro-says-u-s-sanctions-will-not-stymie-venezuela-oil-industry-idUSKBN1FP2UR- Rodent Replied
- 3 replies
- 1,729 views
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Venezuela, beginning of the end?
Venezuela reportedly hit with blackouts this afternoon, my Twitter feed suggests. Hard to mine those cryptocurrencies that way, I think.- Rodent Replied
- 1 reply
- 2,647 views
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Crude Oil Inventories
API expected to report another draw in crude oil inventories today, as US production moves back up to 9.750 million bpd.- Rodent Replied
- 6 replies
- 1,978 views
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Cushing Inventory!!
Cushing inventory down to 37 million barrels. Lowest it's been since 2015 as I understand it. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPC0_SAX_YCUOK_MBBL&f=W (exclusing SPR)- Rodent Replied
- 5 replies
- 2,685 views