Republican Senators Call For Sanctions Against Russian Oil Sales To China Jack McEvoy on July 27, 2022 Republican senators introduced a bill Tuesday aimed at sanctioning Chinese purchases of Russian…
(Reuters) – U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to…
WASHINGTON – The Biden administration does not plan to continue releases from the Strategic Petroleum Reserve (SPR) beyond the original six-month period, White House economic adviser Brian Deese said on…
By David French (Reuters) – Guggenheim Securities has hired three investment bankers from Citigroup Inc’s oil and gas team, people familiar with the matter said, as competition for talent in…
Big Oil Making Big Bucks As Pump Prices Stay High John Hugh DeMastri on July 21, 2022 ExxonMobil’s quarterly fuel profits could reach as high as $4.4 billion in the…
By Ron Bousso and Sabrina Valle LONDON/HOUSTON – Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight…
ALGEIRS – Algeria’s Sonatrach and its partners Occidental, TotalEnergies and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s…
JEDDAH, Saudi Arabia – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what…
By Laila Kearney NEW YORK – U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion…
By John Kemp LONDON – Recession in the major economies is the only sure-fire way to reduce Russia’s petroleum revenues – an uncomfortable truth Western policymakers have tried to obfuscate…
JAKARTA – Indonesia’s trade surplus likely widened to $3.52 billion last month, boosted by the lifting of a three-week palm oil export ban, according to economists polled by Reuters, although…
WASHINGTON, July 12, 2022 — According to the Mesothelioma Compensation Center, “If your husband, dad, or grandpa is a current or former oil field-offshore oil rig worker who has just…
DUBAI – President Joe Biden will visit the United State’s most important Arab ally Saudi Arabia on July 15-16 after two years of strained ties over the killing of Washington…
By Jeff Mason and Steve Holland WASHINGTON -U.S. President Joe Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets…
(Reuters) – S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency,…
Russia Is Supplying More Oil Than Ever To America’s Main Rival Micaela Burrow on July 6, 2022 Russia has surpassed Saudi Arabia as China’s largest supplier of crude oil, hitting…
By Rod Nickel (Reuters) – With crude prices around $100 a barrel and COVID-19 restrictions largely gone, the Calgary Stampede looks to reclaim its place this year as Canada’s biggest…
OSLO – All oil and gas fields that were affected by a strike in Norway’s petroleum sector are expected to be back in full operation within a couple of days,…
Why Are Leftists Fighting ‘Big Oil’ By Gluing Themselves To Things? Josh Hypes on July 5, 2022 Climate activists glued themselves to Leonardo da Vinci’s The Last Supper, the latest…
MOSCOW – Russia needs to wait and see how proposals on capping the price of Russian oil exports are finalised, Kremlin spokesman Dmitry Peskov told reporters on Monday. Commenting on…
MOSCOW – President Vladimir Putin has signed a decree to seize full control of Sakhalin-2 gas and oil project in Russia that could force out Shell and Japanese investors, Moscow’s…
Eco Activists Sue To Stop US Oil And Gas Lease Sales Max Keating on June 30, 2022 Environmental groups sued the Interior Department Tuesday to challenge the first oil and…
By Alex Lawler LONDON – OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary…
OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip Jack McEvoy on June 30, 2022 The Organization of the Petroleum Exporting Countries (OPEC) and its partners agreed…
Biden’s EPA Has America’s Biggest Oil Field In Its Regulatory Crosshairs Max Keating on June 29, 2022 Texas Governor Greg Abbott’s deadline for the Biden administration to respond to his…