Crude Oil

Russian crude oil exports at sea fell to their lowest point in almost two years in the past week, Bloomberg reported on Tuesday, a significant decline in the aftermath of the administration of President Donald Trump imposing sanctions on Russian oil giants Rosneft and Lukoil.

Hungarian Prime Minister Viktor Orbán said in an interview on Friday that his country was not planning to abide by President Donald Trump’s recent sanctions imposed on the Russian oil industry and was studying ways to “circumvent” them.

Traders have rebranded more than $1 billion worth of Venezuelan oil shipments to China as Brazilian crude over the past year to circumvent U.S. oil sanctions, Reuters reported on Monday.

The industry publication Energy Intelligence reported that South Korea increased the amount of crude oil it imported from Saudi Arabia.

China’s state-owned Sinochem Corporation purchased a million barrels of Venezuelan crude oil for delivery in December.

Britain approved new oil and gas drilling in the North Sea, a move environmentalists say will hurt attempts to meet climate goals.

Petroleum Minister Musadik Malik of Pakistan confirmed on Monday that his country made a major purchase of Russian crude oil using the Chinese yuan currency, presented as a rare public relations victory for a government struggling to contain routine riots.

India has found a way to profit greatly from Russia’s sanctions situation, purchasing cheap Russian crude and using its tremendous refining capacity to sell America and Europe gasoline and diesel, Bloomberg News revealed on Sunday.

President Joe Biden’s Energy Department quietly published a congressionally mandated report in December showing that the president revoking the Keystone XL Pipeline federal permits cost thousands of jobs and billions of dollars.

Saudi Arabia’s state oil company Aramco announced on Sunday that it has signed a deal with Chinese analog China Petroleum and Chemical Corporation (Sinopec) to build an oil refinery in southeast Fujian province, helping secure a stable and affordable supply of gasoline and other fuels in China.

A store in Mayabeque, Cuba, boasted of rewarding first responders for helping extinguish the largest fire in the history of the nation with a meager supply of chicken, deodorant, soda, and cooking oil this week – basic goods that have for decades been considered luxuries for many suffering under communism.

President Joe Biden continues his campaign to destroy domestic oil production leading some midstream U.S. companies to shift their attention to natural gas pipelines and export infrastructure as a way to increase growth opportunities.

Oil prices plunged on Tuesday ahead of President Joe Biden’s first trip to the Kingdom of Saudi Arabia.

U.S. shale oil producers’ latest strategy to increase domestic production involves ‘re-fracing’ already established wells.

Japanese Foreign Minister Hayashi Yoshimasa asked his United Arab Emirates (U.A.E.) counterpart on Sunday to increase crude oil exports in an effort to stabilize the global petroleum market, which has experienced surging prices amid Russia’s latest war with Ukraine, Kyodo News reported on Monday.

The conflict in Ukraine has exposed how harmful our dependence on foreign oil really is and elevates the question of how we will continue to power the United States.

A fire broke out overnight at the Baytown, Texas, ExxonMobil plant, which left four people injured, according to the Harris County Sheriff’s Office (HCSO).

While Virginia voters feel the impact of the Democrats’ economic agenda less than one month away from electing a new governor, gubernatorial candidate Terry McAuliffe taps Democrat big guns Barack Obama, Stacey Abrams, and Jill Biden to join him on the campaign trial.

Michigan gas prices have soared to a 2021 high, as the average gallon of unleaded gas in the state registers at $3.33.

An oil pipeline leak off of the coast of Huntington Beach and Newport Beach in California has dumped 126,000 gallons of crude oil into the Pacific Ocean.

Ryan Zinke said Joe Biden took America from “energy dominance” to being “held hostage by foreign entities for our energy needs.”

K.T. McFarland noted how the Biden administration’s energy policies benefit Russia by driving up the price of oil in an interview on Friday’s edition of SiriusXM’s Breitbart News Daily with special guest host Joel Pollak.

The Dakota Access Pipeline’s future is not certain but for now U.S. District Judge James Boasberg ruled to allow oil to continue to flow.

The socialist regime of Venezuela, one of the world’s worst human rights abusers, currently holds a seat in the United Nations Human Rights Council, which it will keep until at least 2022.

Shocking footage from the Venezuelan city of Cabimas shows the streets flooded with crude oil.

President Donald Trump should impose tariffs on Saudi Arabia’s oil exports to the U.S. in response to the kingdom’s dumping of oil during record-low global prices of the commodity caused by coronavirus-related economic shutdowns, said Spencer McGowan, founder of McGowan Group Asset Management and host of NetWorth Radio.

The price for gasoline dropped to 99 cents a gallon at the Spur 7 BP station in London, Kentucky, on Wednesday. 

Jacki Pick said all humans “serve somebody,” and that people who have faith are much harder for government to control, which is why socialists have taken God out of their movement.

Alfredo Ortiz of Job Creators Network writes in FOXBusiness that owing to the policies of the Trump administration leading the nation to energy independence, turmoil in the Middle East no longer threatens the U.S. energy supply.

An Iranian oil tanker blacklisted by the U.S. Treasury is steaming slowly near the coast of Syria. The ship-tracking website MarineTraffic.com reveals the Adrian Darya 1 slowed to a near-stop on Sunday some 50 nautical miles off Syria.

A new government report shows the United States crude oil output as reaching new heights in the month of April. The report said production grew from 2.1 percent in April to 12.16 million barrels a day. Shale production in areas

President Trump’s America First energy policy has catapulted the U.S. to the world’s largest global crude oil producer, according to the EIA.

The American Petroleum Institute’s (API) June statistical report released on Thursday shows the highest-ever production of U.S. crude oil and natural gas liquids.

Soaring domestic production levels means the U.S. is ready to pass both Saudi Arabia and Russia to reclaim the title of the world’s biggest crude oil producer. It last held that position in 1974.

An agreement among member nations of the Organization of Petroleum Exporting Countries to reduce output by one percent was announced Wednesday morning.