Venezuela’s Oil Exports Drop 9% as Freight Costs Bite
Venezuela’s oil exports fell nearly 9% in September to 1.08 million barrels per day as soaring tanker costs forced traders to demand steeper discounts and delayed cargoes leaving the country.…
Energy
EU Gas Crunch Forces Rethink of Methane Rules
The European Commission has signaled it would delay the entry into effect of its controversial methane regulation amid a persistent gas crunch resulting from the wars in Ukraine and the…
Venezuela’s Oil Revival Accelerates as Foreign Companies Return
Hundreds of oil executives have flocked to Venezuela’s capital city of Caracas this week for the first major industry event in the country in decades. The Venezuela International Oil &…
Oil’s New Normal Is Higher Prices
Oil prices pulled back on Tuesday, reversing recent gains as investors weighed signs of export recovery by Middle Eastern producers against uncertainty surrounding the fate of the Iran war. Brent…
US Government Presents Regulatory Gift to Gas Automakers
The US government on Monday finalized new lower vehicle fuel economy standards — reversing a push by the Biden administration to build more fuel-efficient vehicles. The move is broadly seen…