(Reuters) – Here is the response by countries regarding purchases of Russian oil following Moscow’s invasion of Ukraine on Feb. 24, and how companies have acted. COUNTRIES’ RESPONSES Australia, Britain,…
By Rajendra Jadhav MUMBAI – Indonesia’s wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at ports and…
Biden Blocks Oil Drilling On Millions Of Acres Of Land As Gas Hits $4.13 Per Gallon Thomas Catenacci on April 26, 2022 The Biden administration reversed a Trump-era policy Monday…
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able to sell a state-owned bank,…
PARIS – France will give food companies up to six months to change product labels to reflect recipe changes if they replace sunflower oil, supplies of which have been strained…
By Francesco Guarascio and Kate Abnett BRUSSELS – The European Union is considering options to cut imports of Russian oil as part of possible further sanctions against Moscow over its…
By Rajendra Jadhav MUMBAI – Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek…
By Nigel Hunt LONDON -Soybean oil prices soared to a record high on Friday as Indonesia’s decision to effectively ban exports of palm oil heightened concerns about already depleted global…
MELBOURNE – Santos Ltd played down on Friday an Alaska road access dispute with ConocoPhillips, saying their feud was not slowing work on the $3 billion Pikka oil project or…
Is Biden’s Mass Release From The Strategic Oil Reserves Even Legal? Thomas Catenacci on April 21, 2022 A former Trump administration official suggested that President Joe Biden’s recent release of…
By Alex Lawler LONDON – OPEC told the International Monetary Fund’s steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the…
By Valerie Volcovici WASHINGTON – Low-producing oil and gas wells that account for just 6% of total U.S. production account for half of the methane emitted from all U.S. well…
By Francesco Guarascio BRUSSELS – The European Commission is working to speed up the availability of alternative energy supplies to try to cut the cost of banning Russian oil and…
BEIJING – China’s exports to North Korea surged in January-March with sales of edible oil, wheat flour and pharmaceutical compounds to its reclusive neighbour sky-rocketing after a COVID-induced pause, Chinese…
By Chen Aizhu and Muyu Xu (Reuters) – Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while…
Biden Admin Refuses To Take Credit For Its Own Decision On Oil And Gas Drilling Thomas Catenacci on April 19, 2022 The Biden administration is already shying away from its…
‘Unconscionable’: Environmental Groups Rip Biden Over Oil, Gas Drilling Restart Thomas Catenacci on April 18, 2022 More than a dozen environmental groups lambasted the Biden administration’s announcement that it would restart…
By Michel Rose MARSEILLE, France – President Emmanuel Macron promised on Saturday to make France the “first great nation” to stop using oil, coal and gas as energy sources, in…
The EU Would Rather Buy Putin’s Oil Than See Le Pen Win France’s Presidency: REPORT Thomas Catenacci on April 15, 2022 The European Union has delayed its much-anticipated ban on…
Biden Admin Quietly Opens Up Land To Oil Drilling — With Just One Catch Thomas Catenacci on April 15, 2022 The Biden administration said that it would reduce the amount…
By Katanga Johnson WASHINGTON – The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge…
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according…
By Michelle Nichols UNITED NATIONS – The United States is pushing the U.N. Security Council to further sanction North Korea over its renewed ballistic missile launches by banning tobacco and…
VILNIUS – Ukrainian President Volodymyr Zelenskiy urged the European Union on Tuesday to impose sanctions on all Russian banks and Russian oil and to set a deadline for ending imports…
Oil Prices Are Falling, But It Has Nothing To Do With Biden’s Policies Thomas Catenacci on April 11, 2022 Global crude oil prices continued to slide Monday because of the…