Overturned oil tanker carrying diesel fuel shuts down US 9 in Lakewood
LAKEWOOD, N.J. — An overturned tanker carrying thousands of gallons of diesel fuel has shut down all lanes of U.S. Route 9 in both directions north of James Street in Lakewood Township…
Biden bans Russia oil imports to U.S., warns gasoline to rise further
By Trevor Hunnicutt, Steve Holland and Andrea Shalal WASHINGTON -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of…
OPEC has no control over events roiling global oil markets -Sec Gen
By Marianna Parraga HOUSTON -OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for…
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and…
Putin Takes Aim At Key Commodity, Raw Material Exports On The Heels Of Biden’s Russian Oil Ban
Putin Takes Aim At Key Commodity, Raw Material Exports On The Heels Of Biden’s Russian Oil Ban Sebastian Hughes on March 8, 2022 Russian President Vladimir Putin will ban certain commodity and…
ARK’S Wood sees Europe in recession, high oil prices to drive EV sales
By David Randall NEW YORK – Europe’s economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S. economy may not be far behind,…
Britain to phase out Russian oil imports by end of 2022
By William James and Kylie MacLellan LONDON -Britain will phase out imports of Russian oil and oil products by the end of 2022 and consider banning its natural gas, joining other countries,…
Baltimore CBP Seizes $2.5 Million in Palm Oil Shipments Under Forced Labor Finding
BALTIMORE – U.S. Customs and Border Protection (CBP) officers seized four shipments of palm oil in Baltimore since February 11 due to information indicating that the palm oil was manufactured by forced…
Brazilian power sector to benefit from rains, despite higher oil prices – ONS
RIO DE JANEIRO – The improvement in the level of Brazil’s main hydroelectric reservoirs should ease the costs of operating the electricity system this year, even as the conflict between Russia and…
U.S. ban on Russian oil spooks jumpy European stocks
By Sruthi Shankar, Bansari Mayur Kamdar and Susan Mathew -European shares slipped on Tuesday, as the United States banned Russian oil imports, raising volatility and fears of global stagflation, and offsetting a…
U.S. House vote on bill banning imports of Russian oil may come as soon as Tuesday – Hoyer
– U.S. House of Representatives Majority Leader Steny Hoyer said that a House vote on a bill banning imports of Russian oil and other energy sources could come as soon as Tuesday.…
One Of Biggest Gas Companies In World Says It Will Stop Buying Russian Oil
One Of Biggest Gas Companies In World Says It Will Stop Buying Russian Oil Thomas Catenacci on March 8, 2022 Shell, one of the world’s largest oil and gas corporations, apologized for…
Factbox-U.S. imports of Russian oil and refined products
By Arathy Somasekhar and Marianna Parraga HOUSTON – The United States is expected to ban imports of Russian oil as soon as Tuesday, sources familiar with the matter said, in retaliation for…
Major oil companies aim for zero methane emission by 2030
HOUSTON – A group of the world’s top oil companies, including Saudi Aramco , Shell and Exxon Mobil , said on Tuesday that it has committed to cut fugitive emissions of methane,…
Soaring prices set stage for eventual reversal of oil, gas demand
By Sabrina Valle, Arathy Somasekhar and Liz Hampton HOUSTON – Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to…
Canadian dollar decouples from oil, adding to BoC inflation headaches
By Fergal Smith TORONTO – As the Russia-Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian dollar and energy prices has weakened, leaving…
What would a U.S. ban on Russian oil mean for the world?
By Noah Browning, Simon Jessop and Balazs Koranyi LONDON – The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a…
ANALYSIS: White House Keeps Misleading Public On Oil, Gas Leasing. Here Are The Facts
ANALYSIS: White House Keeps Misleading Public On Oil, Gas Leasing. Here Are The Facts Thomas Catenacci on March 7, 2022 The White House has repeatedly suggested the private sector can boost oil…
Australian refiners cease purchase of Russian crude oil, voice support for Ukraine
– Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties with the country over its invasion of…
Russia warns West of $300 per barrel oil, cuts to EU gas supply
DUBLIN – Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy…
White House Talks Oil With Venezuela In Rare Face-To-Face Meeting
White House Talks Oil With Venezuela In Rare Face-To-Face Meeting Thomas Catenacci on March 7, 2022 The White House is considering removing sanctions from Venezuela’s energy sector amid the ongoing Ukraine crisis…
What would a U.S. ban on Russian oil mean for the world?
By Noah Browning, Simon Jessop and Balazs Koranyi LONDON – The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a…
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions Thomas Catenacci on March 7, 2022 The stock market dropped during early trading Monday after the U.S. benchmark oil index…
U.S. Democrats seek $1bln to fight oil, gas, drug price gouging -Schumer
WASHINGTON – U.S. Senate Democrats are seeking $1 billon for the Federal Trade Commission to crack down on companies that gouge consumers in the oil, gas, medicine and other sectors, Senate Majority…
Marketmind: Oil shock
A look at the day ahead in markets from Dhara Ranasinghe. Oil’s relentless climb, hitting almost $140 on Monday, means another turbulent start to the week for world markets. The United States…
U.S. shale oil and gas producers Oasis and Whiting in talks to merge – source
By David French – U.S. shale oil and gas producers Oasis Petroleum Inc and Whiting Petroleum Corp are close to agreeing an all-stock merger that could be announced as soon as this…
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