USA Crude Flows to China Trickle to Near Zero After Tariff Blitz
Wedoany.com Report-Apr. 11, The flow of oil from the United States to China, one of the world’s largest importers, is expected to significantly decrease in 2025 due to escalating trade tensions....
Venezuela’s PDVSA Suspends Oil Loading Authorizations to Chevron, Sources Say
Wedoany.com Report-Apr. 11, On Thursday, Venezuela’s state oil company, PDVSA, revoked several authorizations previously granted to U.S.-based Chevron for loading and exporting Venezuelan crude ...
Egypt Raises Fuel Prices for First Time in 2025
On Friday, Egypt adjusted fuel prices upward by 11.76% to 14.81%, the first such change in 2025, according to state media. The move aligns with the government’s efforts to reduce fuel subsidies ...
Texas Shale Industry Voices Frustrations With Trump as Oil Prices Tank
Wedoany.com Report-Apr. 10, At the Permian Basin Petroleum Association’s Spring Swing golf tournament in Odessa, West Texas, oil industry leaders expressed frustration beyond the game. The event...
US Refiners Unlikely to Spend Big to Process More Domestic Oil
Wedoany.com Report-Apr. 10, U.S. refiners are hesitant to invest heavily in processing more domestic crude instead of oil from major suppliers Canada and Mexico, according to industry sources and anal...
Venezuela’s Oil Flows Again, After a Week of Panic
Wedoany.com Report-Apr. 10, Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long pause at the country’s ports. This follows U.S. tariffs imposed by President D...
Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1
Wedoany.com Report-Apr. 10, On Wednesday, Occidental Petroleum, a U.S. shale company, reported that prices for its oil and gas production in the first quarter were higher than in the previous quarter....
SPIE Secures Five-Year Maintenance Contract for Offshore Angola Oil Platforms
Wedoany.com Report-Apr. 9, SPIE Global Services Energy, a subsidiary of SPIE, has secured a five-year contract with Sonangol Exploração & Produção to maintain the Block 3/0...
Shell Starts Production From Dover, Further Advancing Position in U.S. Gulf
Wedoany.com Report-Apr. 9, Shell Offshore Inc., a subsidiary of Shell plc, has launched production at Dover, a new subsea tieback linked to the Shell-operated Appomattox hub in the Gulf of Mexico. Thi...
Oil Falls to Lowest Since February 2021 as Trump’s Tariffs Take Effect
Wedoany.com Report-Apr. 9, Oil prices declined for a fifth consecutive day on Wednesday, April 09, 2025, reaching their lowest levels since February 2021. The drop stems from growing concerns over dem...