oil

Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof Thomas Catenacci on May 29, 2022 President Joe Biden has raided the Strategic Petroleum Reserve three …

Republican States Fight Back Against Biden’s Stealth Attacks On Oil, Gas Industry Thomas Catenacci on May 27, 2022 A group of 21 Republican attorneys general argued Friday that the Biden …

By Dan Burns DAVOS, Switzerland – Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenue, Finance Minister …

CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices? Thomas Catenacci on May 25, 2022 The Biden administration appeared to reverse its …

By Ahmad Ghaddar and Saikat Chatterjee LONDON – Oil’s bull run is taking little notice of the strong U.S. dollar, breaking crude’s historical inverse link to the greenback and giving …

DAVOS, Switzerland – Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country’s foreign minister Prince Faisal bin Farhan Al …

HOUSTON – Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders …

By Divya Chowdhury DAVOS, Switzerland – Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the …

Biden Might Not Have To Beg Venezuela’s Dictator For Oil If He Kept Keystone XL Thomas Catenacci on May 22, 2022 President Joe Biden may not have had to loosen …

Biden May Not Hold Any Offshore Oil And Gas Leases Until The End Of His Term, Industry Group Says Thomas Catenacci on May 20, 2022 The American Petroleum Institute (API), …

BETHLEHEM, PA- The Lower Saucon Fire and Rescue team responded to mitigate an oil spill reported early on Friday morning. “Unknown suspects intentionally dumped several gallons petroleum product (oil, diesel …

By Chen Aizhu (Reuters) – China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, …

Biden Admin Quietly Admits Math Error Is Causing Massive Oil, Gas Permitting Delays Thomas Catenacci on May 19, 2022 UPDATE: This article has been updated to include comment from a …

JAKARTA – Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The …

By Arathy Somasekhar HOUSTON – U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months …

Biden Turns To Venezuelan Dictator For Oil After Canceling US Lease Sales Thomas Catenacci on May 17, 2022 The Biden administration is expected to soon announce it would ease sanctions …

(Reuters) – Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as …

By Bernadette Christina and Fransiska Nangoy (Reuters) – Indonesia, the world’s biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood …

(Reuters) – Russian oil and gas condensate average output has increased by around 1.7% month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the …

BEIJING – China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as refiners slashed operations on weaker …

JAKARTA – Indonesia has impounded at least 81,000 litres of cooking oil bound for East Timor, the trade ministry said, as the Southeast Asian country seeks to enforce a ban …

By Marianna Parraga HOUSTON – A Venezuela-owned tanker in March sailed to a remote spot in the Indian Ocean and met an Iran-flagged vessel, took on a cargo of Iranian …

Biden Cancels More Oil And Gas Leases As Fuel Prices Skyrocket Thomas Catenacci on May 12, 2022 The Biden administration canceled all three remaining offshore oil and gas lease sales …

By Nichola Saminather TORONTO – For banks in Canada, one of the world’s largest oil producers, it’s not easy being green. In the past two years, Canadian banks have increased …

By Arathy Somasekhar and Stephanie Kelly HOUSTON – At least three vessels carrying crude oil from U.S. emergency stockpiles sailed for Europe in April as refiners there scrambled to replace …