OPEC+ sticks to oil output policy, avoids debate on September plans
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar LONDON -OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar LONDON -OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from…
By Gwladys Fouche and Terje Solsvik OSLO -Seventy-four Norwegian offshore oil workers at Equinor’s Gudrun, Oseberg South and Oseberg East platforms will go on strike from July 5, the Lederne…
By Rahul Paswan (Reuters) – Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a…
By Alex Lawler and Maha El Dahan LONDON/DUBAI – Saudi Arabia’s push for swifter oil production hikes by OPEC+, which were agreed in June, involved behind-the-scenes diplomacy to ensure Russia…
By Julie Gordon and Rod Nickel OTTAWA/WINNIPEG – Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to tip many of its fellow…
By David Lawder WASHINGTON – Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a…
NUR-SULTAN – Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49% in Petrosun, a large oil and oil products trader controlled by China’s…
Biden, G7 Leaders Move Towards Price Capping Russian Oil To Punish Moscow Jack McEvoy on June 27, 2022 President Joe Biden and the G7 leaders discussed plans to put a…
BRUSSELS – The Group of Seven rich nations are debating a global price cap for Russian oil that would curb Moscow’s energy revenues and potentially limit its ability to fund…
Energy Groups Invite Biden To Visit American Oil And Gas Sites Before He Jets Off To Saudi Arabia Jack McEvoy on June 24, 2022 More than two dozen American energy…
(Reuters) – Curtis Mewbourne, founder of one of the largest closely held oil companies in the United States, died on Thursday at age 86. His company, Mewbourne Oil Co., operates…
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said,…
White House Ignores Oil Production In Quest For Gas Price Fix: REPORT Thomas Catenacci on June 17, 2022 UPDATE: This article has been updated to include additional reporting from The…
NEW ORLEANS – United States Attorney Duane A. Evans announced that GREAT LAKES DREDGE & DOCK COMPANY, LLC (“GREAT LAKES”), a Texas company, was sentenced on June 14, 2022 for…
Environmental Groups Sue Biden To Vacate Oil And Gas Permits As Gas Climbs Over $5 Per Gallon Gabe Kaminsky on June 16, 2022 UPDATE: This article has been updated to…
Oil Companies Unload On Biden After His Thinly-Veiled Threats Thomas Catenacci on June 16, 2022 Oil companies responded in force after President Joe Biden threatened executive action over U.S. refinery…
(Reuters) – The idea of cutting oil production in Russia to further increase prices has risks and would require calculation, Deputy Finance Minister Alexei Sazanov told Reuters on Friday. Deputy…
Biden Is Still Trying To Ban Federal Oil, Gas Leasing Thomas Catenacci on June 15, 2022 The Biden administration asked a federal court this week to uphold its ban on…
(Reuters) – Russia plans to increase oil production next month as export flows are being redirected to avoid Western sanctions, energy officials said on Thursday, predicting domestic oil output would…
John Kerry Says US ‘Absolutely’ Doesn’t Need Oil, Gas Drilling Thomas Catenacci on June 15, 2022 U.S. climate envoy John Kerry argued the U.S. doesn’t need more oil and gas…
Biden Threatens Oil Companies For Not Refining More Gasoline — There’s Just One Problem Thomas Catenacci on June 15, 2022 UPDATE: This article has been updated to include comments from…
Biden Admin Bows To Environmental Activists, Quietly Delays Another Oil And Gas Lease Sale Thomas Catenacci on June 15, 2022 The Biden administration confirmed Wednesday it delayed four onshore oil…
WASHINGTON – The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden…
Dems Still Focused On Punishing Big Oil As Gas Tops $5 A Gallon Thomas Catenacci on June 13, 2022 Democratic leaders on the House Natural Resources Committee sent letters to…
By Trevor Hunnicutt and Jarrett Renshaw LOS ANGELES -U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply…