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…
U.S. Congress to ‘explore’ Russian oil ban, enact $10 billion in aid for Ukraine this week -House Speaker Pelosi
WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi on Sunday said the chamber is “exploring” legislation to ban import of Russian oil and that Congress intends to enact this week $10…
Hazmat team cleans roadway oil spill in Berkeley
BERKELEY TOWNSHIP, NJ – Police don’t know how it happened, but on Friday, officers responded to an oil slick on North Island Road. Upon arrival, a hazardous material team was called to…
Analysis-As Russia avoids energy sanctions, oil majors flee but TotalEnergies stays
By Shadia Nasralla, Benjamin Mallet and Michel Rose LONDON – France’s TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country…
Shell to put profits from Russian oil trade into Ukraine aid fund
By Ron Bousso LONDON – Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go towards humanitarian aid to Ukraine, the company…
EXCLUSIVE: Oversight Democrats Quietly Cancel Climate Hearing Into Big Oil ‘Disinformation’ Amid Ukraine Crisis
EXCLUSIVE: Oversight Democrats Quietly Cancel Climate Hearing Into Big Oil ‘Disinformation’ Amid Ukraine Crisis Thomas Catenacci on March 4, 2022 Democrats on the House Oversight Committee abruptly canceled a hearing that was…
Massive Bipartisan Coalition Introduces Legislation Banning Russian Oil Imports
A group of bicameral Republican and Democratic lawmakers introduced legislation Thursday that would prohibit the U.S. from importing Russian oil and petroleum products. Senate Energy and Natural Resources Chairman Joe Manchin unveiled…
Nancy Pelosi Echoes Republicans’ Calls For Russian Oil Import Ban
House Speaker Nancy Pelosi said she would support a ban on Russian oil imports, aligning herself with bipartisan lawmakers pushing for energy independence. “I’m all for that,” Pelosi told reporters during a…
Traders ramp up bullish bets in U.S. oil options as prices soar
By David Gaffen and Stephanie Kelly – Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s…
As world scrambles for oil, Canadian producers reluctant to spend on growth
By Nia Williams CALGARY, Alberta – The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but producers in Canada, home to the world’s…
Oil Hits 11-Year High As Big Oil Dumps Russia, White House Mulls Energy Sanctions
The price of crude oil touched its highest level in nearly 11 years on Wednesday amid the ongoing Ukraine crisis which has roiled energy markets. The WTI index, the U.S. benchmark index,…
Brazil Senate president indicates voting on proposals to lower fuel prices as oil climbs
BRASILIA – Brazilian Senate president Rodrigo Pacheco said on Wednesday that bills to curb rising fuel prices would be on the table next week amid renewed pressure on prices after Russia’s invasion…
Russian oil disruptions escalate, global prices rise
By Dmitry Zhdannikov and Julia Payne LONDON – Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at least 10…
Oil, gas, wheat and aluminium jump as Russia sanctions bite
By Pratima Desai LONDON – Oil prices jumped to near eight-year highs and wheat to 14-year peaks, while aluminium, Dutch gas and European coal prices hit records as Western sanctions on Russia…
ExxonMobil Joins Other Big Oil Companies In Withdrawing From Russia
U.S. Big Oil corporation ExxonMobil joined multiple other multinational energy firms in announcing that it would distance itself from Russian business ventures Tuesday. The American energy giant announced that it would begin…
U.S. shale oil forecasts keep rising as smaller producers lead the way
By Liz Hampton – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains…
Russia’s Feb oil output rises, trading paralysed by sanctions
– Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been…
‘Entire World Is Watching’: Manchin Joins Calls For Russian Oil Import Ban
Democratic West Virginia Sen. Joe Manchin doubled down on his call for President Joe Biden to ban all Russian crude oil imports on Tuesday. “It makes no sense at all for the…
Biden, Allies Again Tap Emergency Crude Oil Stockpiles Amid Ukraine Crisis
President Joe Biden will join other Western nations in releasing a total of 60 million barrels of crude oil amid the Ukraine crisis, the coalition announced Tuesday. Overall, 31 member nations of…
Former refinery worker to lead USW oil patch district
HOUSTON – A former refinery worker was installed on Tuesday as the director of the United Steelworkers union (USW) district that includes Texas, Louisiana, Arkansas and Oklahoma. Larry Burchfield, 52, of Bacliff,…
OPEC’s Feb oil output boost exceeds target for first time in months -survey
By Alex Lawler LONDON – The increase in OPEC’s oil output in February exceeded the rise planned under a deal with allies for the first time since September, a Reuters survey found,…
IEA ministers discuss release of 60 million barrels of oil -sources
LONDON – Ministers from member countries of the International Energy Agency (IEA) are discussing the release of 60 million barrels of oil from storage in a meeting on how to respond to…
Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply
By Rajendra Jadhav MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from…
Russian oil tanker hit by U.S. sanctions heading to Malaysia
By Rozanna Latiff KUALA LUMPUR -A Russian-flagged ship targeted by U.S. sanctions and suspected of carrying Iranian oil is heading to Malaysia, shipping data showed on Monday, amid growing scrutiny of businesses…
Shell Becomes Latest Big Oil Company To Distance Itself From Russia
Big Oil corporation Shell announced Monday that it would leave its partnership and ventures with Russian state-controlled energy giant Gazprom. Shell will divest from its 27.5% stake in the Sakhalin-II liquefied natural…
U.S. December oil demand hits highest since before pandemic -EIA
-U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21 million barrels…
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