oil

United States of America - U.S. diesel supplies are at almost record lows, causing concern among several sectors of the economy, including farmers and fuel suppliers. With winter on brink of shifting this will also affect home heating oil. Diesel prices also are on the rise with supply chain issues lingering. Keep an eye on the situations affecting…

New Delhi, India -  India has seen several upticks in corruption and political instability the more 2022 has progressed. With disturbing rampant corruption surfacing throughout the region many reports are occurring involving police and governmental arrests. Other events occurring in the region stem from rapid political stance changes ranging from…

United States Of America - Oil Rigs and taps active and coming online are trending higher according to industry tracking reports by the company BAKER HUGHES. A sign future output will grow domestically but more work is needed as political struggles continue. Since 1944, when Baker Hughes Company began weekly counts of drilling activity in…

United States Of America - Crude prices have swung up to $114 a barrel on Thursday, following a 5% gain the day before, and volatility is expected to continue as traders take profits and the conflict in Ukraine continues. The war crimes conflict in Ukraine sparked worldwide outrage and sanctions around the world as markets and people would rather…

United States Of America - Gas & Diesel price volatility has become a long lasting push and pull battle over the years. Since the United States Of America set it goals to eliminate oil imports from Russia it has implemented new laws and push towards more responsible energy sourcing, consumption and emissions. Although the move does seem…

Moscow, Russia - With President Putin's invasion of Ukraine at a time the world has come together to protect it's people and rebuild from Coronavirus what will world trade look like without Russia and it's allies? There is no doubt the United States Of America and the world will now come together and hold a zero tolerance to this this type of…

UNITED STATES OF AMERICA — The US Department of Energy (DOE) stated today that it will invest up to $20 million to reduce the cost of creating geothermal energy by showing faster drilling technology that will reduce the overall time, labor and costs required to create geothermal projects. DOE is aiming to significantly reduce the cost of…

Middle East - Boosted by concerns about potential supply disruptions following Yemen's Houthi group's attack on the United Arab Emirates, which escalated hostilities between the Iran-aligned group and a Saudi Arabian-led coalition, Brent crude futures rose more than 1.5 percent to more than $88 per barrel on Tuesday, the highest level since…

Washington, D.C. - Developers of Keystone XL Pipeline are pursuing to obtain $15 billion in recovery for the revocation of the pipeline’s building permit. President Biden has cancelled the permit for the border-crossing project after construction had already begun. TC Energy…

Washington, D.C. - The Federal Trade Commission’s Chair, Lina Khan, has been personally asked by President Joe Biden to analyze the influence of oil and gas companies on the relentless rising price tag of gasoline. Extensive investigation of Exxon Mobil and Chevron, the two greatest oil and gas companies in the U.S., has been requested. …

Protests are not the only hurdle for Enbridge however. The Minnesota Court of Appeals is set to decide on June 21st if Endrige successfully proved there was a demand for oil in the locations that could be reached by Line 3. Frank Bibeau, an attorney for the White Earth Band of Ojibwe, is suing in federal court claiming that the Army Corps of…

Soybeans are being used in asphalt paving to insulation for homes. Soy has made its introduction into the construction industry. Major players have products readily available and that list has been growing by the day. Like all commodities this is another cherished one the U.S. is developing a strong demand for as well.