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…
Big Oil Making Big Bucks As Pump Prices Stay High
Big Oil Making Big Bucks As Pump Prices Stay High John Hugh DeMastri on July 21, 2022 ExxonMobil’s quarterly fuel profits could reach as high as $4.4 billion in the second quarter…
Big Oil set to open cash taps with another record quarter
By Ron Bousso and Sabrina Valle LONDON/HOUSTON – Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of…
Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine
ALGEIRS – Algeria’s Sonatrach and its partners Occidental, TotalEnergies and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s CEO Tewfik…
OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister
JEDDAH, Saudi Arabia – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess market conditions and do what is necessary.…
U.S. oil mergers drop to $12 billion as volatility limits deals
By Laila Kearney NEW YORK – U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the…
Column-Recession would make tough oil sanctions on Russia more likely: Kemp
By John Kemp LONDON – Recession in the major economies is the only sure-fire way to reduce Russia’s petroleum revenues – an uncomfortable truth Western policymakers have tried to obfuscate from voters…
Indonesia June trade surplus seen widening after palm oil exports resume – Reuters poll
JAKARTA – Indonesia’s trade surplus likely widened to $3.52 billion last month, boosted by the lifting of a three-week palm oil export ban, according to economists polled by Reuters, although some still…
Mesothelioma Compensation Center Urges a Former Oil Field-Offshore Rig Worker with Mesothelioma Anywhere in the USA To Call the Legal Team at Danziger & De Llano to Ensure the Nest Compensation-It Might Be Millions
WASHINGTON, July 12, 2022 — According to the Mesothelioma Compensation Center, “If your husband, dad, or grandpa is a current or former oil field-offshore oil rig worker who has just been diagnosed…
Factbox: Biden set to tackle oil, Israel, Yemen, Iran on Saudi trip
DUBAI – President Joe Biden will visit the United State’s most important Arab ally Saudi Arabia on July 15-16 after two years of strained ties over the killing of Washington Post journalist…
Biden will push for greater oil output on Mideast trip -Sullivan
By Jeff Mason and Steve Holland WASHINGTON -U.S. President Joe Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets Gulf leaders…
S&P revises state-owned Mexican oil firm Pemex’s outlook to stable
(Reuters) – S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude…
Russia Is Supplying More Oil Than Ever To America’s Main Rival
Russia Is Supplying More Oil Than Ever To America’s Main Rival Micaela Burrow on July 6, 2022 Russia has surpassed Saudi Arabia as China’s largest supplier of crude oil, hitting a record…
Calgary Stampede back on with oil prices high, COVID rules low
By Rod Nickel (Reuters) – With crude prices around $100 a barrel and COVID-19 restrictions largely gone, the Calgary Stampede looks to reclaim its place this year as Canada’s biggest oil industry…
All oil and gas fields affected by Norway strike to be fully back up in days – Equinor
OSLO – All oil and gas fields that were affected by a strike in Norway’s petroleum sector are expected to be back in full operation within a couple of days, Equinor said…
Why Are Leftists Fighting ‘Big Oil’ By Gluing Themselves To Things?
Why Are Leftists Fighting ‘Big Oil’ By Gluing Themselves To Things? Josh Hypes on July 5, 2022 Climate activists glued themselves to Leonardo da Vinci’s The Last Supper, the latest incident where…
Others may reject Japan proposal on oil price cap, Kremlin says
MOSCOW – Russia needs to wait and see how proposals on capping the price of Russian oil exports are finalised, Kremlin spokesman Dmitry Peskov told reporters on Monday. Commenting on reports that…
Factbox: Western companies in Russian oil and gas sector
MOSCOW – President Vladimir Putin has signed a decree to seize full control of Sakhalin-2 gas and oil project in Russia that could force out Shell and Japanese investors, Moscow’s latest broadside…
Eco Activists Sue To Stop US Oil And Gas Lease Sales
Eco Activists Sue To Stop US Oil And Gas Lease Sales Max Keating on June 30, 2022 Environmental groups sued the Interior Department Tuesday to challenge the first oil and gas lease…
OPEC oil output again misses target in June as outages weigh – survey
By Alex Lawler LONDON – OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in…
OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip
OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip Jack McEvoy on June 30, 2022 The Organization of the Petroleum Exporting Countries (OPEC) and its partners agreed to boost…
Biden’s EPA Has America’s Biggest Oil Field In Its Regulatory Crosshairs
Biden’s EPA Has America’s Biggest Oil Field In Its Regulatory Crosshairs Max Keating on June 29, 2022 Texas Governor Greg Abbott’s deadline for the Biden administration to respond to his request that…
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 September onwards…
Some Norwegian oil workers to strike from July 5, hitting 4% of oil output
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 trade union…
Reuters poll: Supply fears to sustain oil rally, trumping recession risks
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 Reuters poll…
Analysis-Saudi Arabia walks oil policy tightrope between Biden and Putin
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 backed the…
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