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News from the Oil Patch: Crude prices rise with drama on the high seas
22 Dec 2025 19:45 GMT
… $62 a barrel at midday Monday.
Kansas crude prices rose a … Colorado have us beat. Automotive fuel demand nationwide is down, and the … one rig.US crude-oil production surpassed 13.8 million barrels a day … 6.5 million barrels a day, weekly US crude imports are …
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Africa Needs $100 Billion in Refining Investment as Oil Demand Soars
22 Dec 2025 15:48 GMT
… crude oil demand is set to more than double to 4.5 million barrels … consumption, Africa remains reliant on fuel imports, which expose many of … greenfield projects to supply fuels, the African refiners’ association reckons.
A key …
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U.S. Pursuit of Third Oil Tanker Deepens Venezuela Blockade
22 Dec 2025 22:29 GMT
… carrying at least 400,000 barrels of crude to Texas. The shipment … less than 1% of global demand. The market is also well … American Security in Washington “Carrying oil from sanctioned Venezuela now seems …
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Crude Oil Prices Higher on Venezuelan and Ukraine-Russia Risks
22 Dec 2025 20:09 GMT
… for the economy and energy demand. Crude prices have carry-over support … Russian refineries over the past three months, limiting Russia's crude oil … exceeded expectations and OPEC also ramped up crude output. OPEC said it now …
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Oil price swings: Implications for renewables and GCC economies
22 Dec 2025 18:47 GMT
Oil price fluctuations are a clear indicator of the depletion of petroleum resources … fuel cells are increasingly emerging as viable alternatives to conventional fossil fuels … for several decades as international demand for heating, cooling, electricity, and …
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AI data boom fuels dirty energy in Mexico
22 Dec 2025 19:14 GMT
… pumping oil, firing up gas generators and using diesel to fuel the … easier to just pump more oil than it is to get … we need."
ACCELERATING FOSSIL FUELS
The story unfolding in Mexico … the world.
Demand for data centres is accelerating fossil fuel energy use …
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Venezuela turns to USDT for 80% of crude oil payments
22 Dec 2025 20:49 GMT
… Venezuela collects 80% of its crude oil sales revenue in Tether’s … s production of oil has risen to 1 million barrels per day … .
The economist attributed the growth of oil … that, well, puts pressure on demand, drives up the price, and …
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Oil declines, gold soars in 2025: Next phase in commodity super cycle
22 Dec 2025 18:51 GMT
… that includes some bullishness on oil, which is a little bit … some estimates out there that oil's going to kind … , you know, continued talk about OPEC plus adding capacity, adding production … we get a situation where demand is better than expected. And …
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Nigeria’s Exports To US Plunge By N940.98bn Amid Rising Tariffs, Weak Demand
22 Dec 2025 18:19 GMT
… August 7, 2025.
While crude oil exports were largely exempt, the … the US were led by crude petroleum oils valued at N779.38 … jet fuel at N214.30 billion.
Other exports included petroleum gases … of tariffs and weakening US demand on Nigeria’s non-oil exports.
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Oil loading in Venezuela slows, more ships make U-turns after new US interceptions
22 Dec 2025 17:57 GMT
… .
Brent crude futures gained 2.17% to $61.78 a barrel on … Monday, while U.S. WTI crude rose 2 … a 1.9 million-barrel cargo of heavy crude to the Aruba … millions of barrels of Venezuelan oil stuck in ships, while customers demand deeper …