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• Will Namibia Become OPEC’s Newest Member?

  OilPrice.com - Fri Apr 19, 5:02PM CDT

  Namibia wants to join OPEC as it prepares to reap the benefits of its crude oil resources, with daily production capacity seen at an impressive 700,000 bpd in 2030—the first year of production per current plans. OPEC, it seems, will be only too happy to welcome it in the fold....
• LME's Russian Metal Ban Reshapes Global Trade Dynamics

  OilPrice.com - Fri Apr 19, 4:14PM CDT

  China will undoubtedly become an even more significant buyer of Russian metals following the London Metal Exchange’s ban on newly produced Russian aluminum, copper, and nickel. China has already evolved into a major market for Russian-made products following dwindling demand in the West, and these new Russian sanctions will likely...
• Researchers Develop Revolutionary Cathode Material for Lithium-Sulfur Batteries

  OilPrice.com - Fri Apr 19, 3:10PM CDT

  Lithium-sulfur (Li-S) batteries hold promise for bringing more energy dense and low-cost batteries closer to market. University of California – San Diego engineers have developed an advanced cathode material for lithium-sulfur (Li-S) batteries that is healable and highly conductive, overcoming longstanding challenges of traditional sulfur cathodes. These improvements overcome the...
• Valero, Chevron Tap Trans Mountain Pipeline for West Coast Crude

  OilPrice.com - Fri Apr 19, 3:10PM CDT

  Valero Energy Corp. and Chevron Corp. have entered the fray of buyers for oil traversing Canada's expanded Trans Mountain Pipeline system, signaling a potential shift in the West Coast's oil-sourcing landscape. Anonymous Bloomberg sources revealed on Friday that these refineries in California are set to receive cargoes of Cold Lake...
• Peter Schiff Questions Bitcoin’s Value As ‘Halving’ Event Nears

  OilPrice.com - Fri Apr 19, 2:06PM CDT

  Via SchiffGold.com, Peter Schiff recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin. Contrary to the popular narrative, gold’s recent rise is not because of world conflicts. Inflation is...
• The Great Game Returns to Central Asia

  OilPrice.com - Fri Apr 19, 1:02PM CDT

  The Great Game is playing out once again in Central Asia, but it is getting a new name and adopting a different set of rules. Economics, not politics, is defining the terms of the current superpower competition for regional influence, according to a report prepared by a Kazakh research institute. ...
• U.S. Drilling Activity Inches Up

  OilPrice.com - Fri Apr 19, 12:14PM CDT

  The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2. The total rig count fell by 2 to 619 this week, compared to 753 rigs this same...
• Bi-Partisan E15 Gasoline Bill Introduced in House

  OilPrice.com - Fri Apr 19, 11:42AM CDT

  Representative Nunn has introduced in the U.S. House of Representatives The Year-Round E15 Act of 2024. This bill aims to temporarily apply the E10 Reid vapor pressure limitations to E15 fuel blends in several Midwestern states. Specifically, the bill targets Illinois, Iowa, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin....
• Mysterious Iranian 'Spy' Ship Returns Home As Israel-Iran Conflict Worsens

  OilPrice.com - Fri Apr 19, 11:10AM CDT

  A suspected Iranian spy ship that its own government calls an "intelligence and logistics" vessel returned home this week after a three-year mis, as well as more recently lingering near Yemen for months. The Iranian 'spy ship' BEHSHAD (9167289), which had a hand in the Red Sea Crisis by assisting...
• Nigeria To Launch Crude Trading at its Commodity Exchange

  OilPrice.com - Fri Apr 19, 10:06AM CDT

  Africa’s biggest oil producer, Nigeria, plans to offer up to 20% of its crude oil production for trading on its commodities exchange, Akinsola Akeredolu-Ale, the chief executive of the Lagos Commodities and Futures Exchange, told Bloomberg in an interview published on Friday. The official didn’t elaborate on when the exchange’s...