Day: December 23, 2023

Russia’s key ally to hike rates for oil transit to EU

Energy News Beat Transit of Russian oil through Belarus will become more costly next year, the Kommersant business daily reported on Saturday, citing Russian energy export giant Transneft. According to the report, the Belarusian operator of the Druzhba pipeline, Gomeltransneft Druzhba, has reached an agreement with Transneft to hike the transit tariff by 10.2% starting […]

The Top 5 Oil Producers of 2023

Energy News Beat Oil Price Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers.  In September, U.S. oil output surged to a record high for any month in history, and forecasts are that production will […]

Only half of all Ford dealers agree to sell EVs next year

Energy News Beat Oil Price Ford said on Thursday that half of all 1,550 Ford dealers chose to sell electric vehicles in 2024—down from two-thirds that said this time last year that they would opt in to sell EVs for 2023. The other half of Ford dealers will sell—and service—ICE and hybrid models. Source: Oil Price […]

Daily Energy Standup Episode #276 – Weekly Recap: Market Shifts, Legal Showdowns, and Global Tensions

Energy News Beat Daily Standup Weekly Top Stories A Shale Oil CEO’s Second Act: Going Green December 17, 2023 Stu Turley For almost a decade, Tony Sanchez III was the epitome of a shale-boom CEO—furiously drilling oil wells, piling on debt and hunting quail and nilgai with fellow executives near his family’s ranch in South Texas. Then tumbling […] […]