Energy News Beat Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day due to continued disruptions in the Suez Canal and Red Sea caused by attacks by the Houthi […]
Energy News Beat Prolonged Houthi attacks on ships risk devastating effects on the global economy, according to OilPrice Higher freight costs and delays in cargo deliveries amid the Red Sea crisis could drive up global inflation, according to an OilPrice report this week, citing analysts. The disruptions to global trade caused by continued Houthi attacks […]
Energy News Beat Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday. The Paris-based energy watchdog pegged Russian […]
Energy News Beat The vessel shipping for trading giant Trafigura is reportedly transporting Russian-origin naphtha for making plastics, gasoline A petroleum-products tanker operated on behalf of Trafigura was struck by a Houthi missile in the Gulf of Aden after transiting the Red Sea, several outlets reported on Friday, citing the commodities-trading giant. According to Marine Traffic, […]
Energy News Beat AUSTIN — Today, in a partisan move aimed at shoring up President Joe Biden’s support from climate activists, the Biden administration announced a halt to the permitting of Liquefied Natural Gas (LNG) export terminals. Mark P. Mills, Distinguished Senior Fellow for energy policy with the Texas Public Policy Foundation, released the following statement on […]
Energy News Beat And a look back at the head-fakes core services inflation dished up last time with this type of inflation. By Wolf Richter for WOLF STREET. So right up front – and the Fed has been talking about this, though no one listens: The “core services” PCE price index has gotten stuck at 3.5% over the […]
Energy News Beat Management changes announced this week: Bravo Mining named Heather Laxton as corporate secretary. Forum Energy Metals named Allison Rippin Armstrong VP Nunavut affairs. Galway Metals promoted Jesse Fisher to project manager, Clarence Stream, and hired Robert Richard as head of exploration. As Moneta Gold and Nighthawk Gold merge their companies, […]
Energy News Beat ENB Pub Note: I highly recomend subscribing to David Blackmon’s Substack HERE: https://blackmon.substack.com/p/white-house-implements-nakedly-political?r=2ey9k&utm_campaign=post&utm_medium=web David’s industry opinions and knowledge are right on target. Prepare for more sweeping negative impacting energy policies from the Biden administration. If you’ve been wondering how much lower the Biden White House would go to appease their radical climate […]
Energy News Beat CAIRO, Jan 26 (Reuters) – Yemen’s Houthis said on Friday their naval forces carried out an operation targeting “the British oil tanker Marlin Luanda” in the Gulf of Aden causing a fire to break out. They used “a number of appropriate naval missiles, the strike was direct,” the Houthi military spokesperson Yahya […]
Energy News Beat Pollution from environmental rare earth elements (REEs) has increased due to the widespread use of these metals in medical applications. This has implications for the development of superbugs, new research has found. According to a paper published in the journal Frontiers of Environmental Science & Engineering, gadolinium (Gd) is commonly […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
