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War or Peace? For Oil Markets, the Ukraine Outcome is Insignificant: Bousso

CDN and International News, Conventional Energy, Latest, Oil / By

U.S. President Donald Trump’s high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome. Russia has faced multiple rounds of western sanctions and restrictions since its invasion of Ukraine in February 2022, which have dealt severe blows to the country’s giant oil and gas industry, …

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Chinese Refiners Sweep up Russian Oil After Indian Demand Falls, Analysts say

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Summary China buys 15 Russian oil cargoes for October-November delivery Indian demand for Russian oil declines as discounts narrow in July Trump threatens retaliatory tariffs against Russian oil buyers (Reuters) – Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts …

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Oil Prices Fall as Ukraine Talks Raise Prospect of Sanctions Easing

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Oil prices down after previous session’s 1% gain Geopolitical risks have eased for oil this week -analyst Trump says US would help guarantee security for Ukraine LONDON, Aug 19 (Reuters) – Oil prices fell on Tuesday as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could …

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Raisa Energy Puts $1.5 Billion of US Oil and Gas Assets up for Sale, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

Private investment firm Raisa Energy is selling a package of oil and gas wells across numerous U.S. shale basins that may fetch around $1.5 billion, people familiar with the matter said. The sale, which is in its early stages, is not guaranteed and the final price could fluctuate depending on market conditions and other factors, …

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Trump’s Adviser Navarro Slams India for Buying Russian Oil

Conventional Energy, Latest, Oil, US News / By

By Clara Ferreira Marques and Shruti Srivastava Takeaways by Bloomberg AI White House trade adviser Peter Navarro wrote that India’s purchases of Russian oil are “opportunistic and deeply corrosive” of a global effort to isolate the Kremlin. Navarro said that India uses dollars from American consumers who buy Indian goods to buy discounted Russian crude, which he characterized as …

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Trump Says No Imminent Plans to Penalize China for Buying Russian Oil

Conventional Energy, Latest, Oil, US News / By

WASHINGTON, Aug 15 (Reuters) – U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to “in two or three weeks.” Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves …

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Oil Settled Nearly $1 Lower as Trump-Putin Talks Loom

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By Arathy Somasekhar Traders watch for progress in Trump-Putin talks Weaker Chinese data raises fuel demand concerns Projected oil market surplus weighs on price sentiment HOUSTON, Aug 15 (Reuters) – Oil prices closed down nearly $1 on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which could lead …

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Pemex Readying Texas Refinery for ‘Big Block’ Overhaul, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

(Reuters) – Pemex, Mexico’s national oil company, is preparing for the “Big Block” overhaul at its 312,500 barrel-per-day (bpd) Deer Park, Texas refinery to begin in early October, said people familiar with plant operations on Friday. The refinery’s 270,000 DU-2 crude distillation unit (CDU), the larger of two at the refinery, will be shut for …

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Russian Energy Export Disruptions Since Start of Ukraine War

CDN and International News, Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil / By

(Reuters) – When U.S. President Donald Trump meets Russian President Vladimir Putin on Friday, one of his bargaining chips to encourage Putin to make progress toward a ceasefire in Ukraine will be to ease U.S. sanctions on Russia’s energy industry and exports. Trump has also threatened tougher sanctions if there is no progress. Here is …

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US Oil and Gas Rig Count Holds Steady This Week, Baker Hughes Says

Conventional Energy, Latest, Natural Gas, Oil, US News / By

By Scott Disavino Aug 15 (Reuters) – U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 539 in the week …

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