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 …
oil
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 …
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 …
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 …
Analysis-What slowdown? Canada’s economy to top G7 on high oil, crop prices
By Julie Gordon and Rod Nickel OTTAWA/WINNIPEG – Surging oil and wheat prices are allowing commodities exporter Canada to weather an economic storm threatening to …
G7 discussions with China, India on Russian oil price cap positive -source
By David Lawder WASHINGTON – Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the …
Kazakh tycoon gives up stake in major oil trader
NUR-SULTAN – Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49% in Petrosun, a large oil and oil …
Biden, G7 Leaders Move Towards Price Capping Russian Oil To Punish Moscow
Biden, G7 Leaders Move Towards Price Capping Russian Oil To Punish Moscow Jack McEvoy on June 27, 2022 President Joe Biden and the G7 leaders …
Factbox-G7 seeks to curb Russian oil income through price cap
BRUSSELS – The Group of Seven rich nations are debating a global price cap for Russian oil that would curb Moscow’s energy revenues and potentially …
Energy Groups Invite Biden To Visit American Oil And Gas Sites Before He Jets Off To Saudi Arabia
Energy Groups Invite Biden To Visit American Oil And Gas Sites Before He Jets Off To Saudi Arabia Jack McEvoy on June 24, 2022 More …
Curtis Mewbourne, Texas oil company founder, dies at 86
(Reuters) – Curtis Mewbourne, founder of one of the largest closely held oil companies in the United States, died on Thursday at age 86. His …
OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output …
White House Ignores Oil Production In Quest For Gas Price Fix: REPORT
White House Ignores Oil Production In Quest For Gas Price Fix: REPORT Thomas Catenacci on June 17, 2022 UPDATE: This article has been updated to …
Great Lakes Dredge & Dock Company Fined $1 Million For Causing Oil Spill
NEW ORLEANS – United States Attorney Duane A. Evans announced that GREAT LAKES DREDGE & DOCK COMPANY, LLC (“GREAT LAKES”), a Texas company, was sentenced …
Environmental Groups Sue Biden To Vacate Oil And Gas Permits As Gas Climbs Over $5 Per Gallon
Environmental Groups Sue Biden To Vacate Oil And Gas Permits As Gas Climbs Over $5 Per Gallon Gabe Kaminsky on June 16, 2022 UPDATE: This …
Oil Companies Unload On Biden After His Thinly-Veiled Threats
Oil Companies Unload On Biden After His Thinly-Veiled Threats Thomas Catenacci on June 16, 2022 Oil companies responded in force after President Joe Biden threatened …
Russia says cutting oil production would have risks, require calculation
(Reuters) – The idea of cutting oil production in Russia to further increase prices has risks and would require calculation, Deputy Finance Minister Alexei Sazanov …
Biden Is Still Trying To Ban Federal Oil, Gas Leasing
Biden Is Still Trying To Ban Federal Oil, Gas Leasing Thomas Catenacci on June 15, 2022 The Biden administration asked a federal court this week …
Novak says Russia can increase oil production in July
(Reuters) – Russia plans to increase oil production next month as export flows are being redirected to avoid Western sanctions, energy officials said on Thursday, …
John Kerry Says US ‘Absolutely’ Doesn’t Need Oil, Gas Drilling
John Kerry Says US ‘Absolutely’ Doesn’t Need Oil, Gas Drilling Thomas Catenacci on June 15, 2022 U.S. climate envoy John Kerry argued the U.S. doesn’t …
Biden Threatens Oil Companies For Not Refining More Gasoline — There’s Just One Problem
Biden Threatens Oil Companies For Not Refining More Gasoline — There’s Just One Problem Thomas Catenacci on June 15, 2022 UPDATE: This article has been …
Biden Admin Bows To Environmental Activists, Quietly Delays Another Oil And Gas Lease Sale
Biden Admin Bows To Environmental Activists, Quietly Delays Another Oil And Gas Lease Sale Thomas Catenacci on June 15, 2022 The Biden administration confirmed Wednesday …
U.S. to sell up to 45 million bbls oil from reserve as part of historic release
WASHINGTON – The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve …
Dems Still Focused On Punishing Big Oil As Gas Tops $5 A Gallon
Dems Still Focused On Punishing Big Oil As Gas Tops $5 A Gallon Thomas Catenacci on June 13, 2022 Democratic leaders on the House Natural …
Facing record inflation, Biden chides Exxon, oil companies for profits
By Trevor Hunnicutt and Jarrett Renshaw LOS ANGELES -U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, …
Biden looking to address oil refinery capacity, White House adviser says
WASHINGTON -U.S. President Joe Biden is looking at ways to bring in more oil supplies amid rising energy costs, including working to address oil refinery …
Exclusive-Russia’s state-owned RNRC to reinsure Russian oil shipments, sources say
By Jonathan Saul LONDON – State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance …
Dems Prioritize Big Cat Legislation Inspired By ‘Tiger King’ Series Over Boosting Oil, Gas Production
Dems Prioritize Big Cat Legislation Inspired By ‘Tiger King’ Series Over Boosting Oil, Gas Production Thomas Catenacci on June 8, 2022 Democrats marked up a …
GOP Releases Budget Highlighting Need For Oil, Gas Production And Countering Biden Climate Agenda
GOP Releases Budget Highlighting Need For Oil, Gas Production And Countering Biden Climate Agenda Thomas Catenacci on June 9, 2022 The Republican Study Committee (RSC), …
Greek court overturns decision on U.S. seizure of Iranian oil cargo – sources
ATHENS – A Greek court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo …
Massive Oil Refinery On Track To Shut Down Amid Fuel Supply Shortages, Record Prices
Massive Oil Refinery On Track To Shut Down Amid Fuel Supply Shortages, Record Prices Thomas Catenacci on June 7, 2022 UPDATE: This article has been …
Indonesia to cut maximum palm oil export tax and levy to a combined $488/T – trade minister
By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export …
Mesothelioma Compensation Center Urges the Family of an Oil Refinery Worker with Mesothelioma Anywhere in the USA to Call the Lawyers at Danziger & De Llano for a Superior Compensation Result That May Be Millions of Dollars
WASHINGTON, June 7, 2022 — The Mesothelioma Compensation Center is by far the best branded source in the nation for oil refinery workers who have …
France in talks with UAE to replace Russian oil supplies -minister
PARIS – France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European …
Collin County Man Sentenced in Oil & Gas Investment Fraud Scheme
PLANO, Texas – A Melissa man has been sentenced to prison in the Eastern District of Texas for federal violations, announced U.S. Attorney Brit Featherston …
Collin County Man Sentenced in Oil & Gas Investment Fraud Scheme
PLANO, Texas – A Melissa man has been sentenced to prison in the Eastern District of Texas for federal violations, announced U.S. Attorney Brit Featherston …
White House Cheers Middle East Oil Production Despite Attacks On US Drilling
White House Cheers Middle East Oil Production Despite Attacks On US Drilling Thomas Catenacci on June 2, 2022 The White House applauded Middle Eastern nations’ …
U.S. Interior must weigh climate impacts of oil, gas leasing -settlement
By Valerie Volcovici WASHINGTON – The Biden administration must thoroughly analyze the climate impacts of oil and gas leasing on nearly 4 million acres (1.6 …
“Veterinary Dermatology” Publishes Results of ElleVet Sciences Exclusive Atopic Dermatitis Study of Proprietary CBD+CBDA Oil on Dogs
While CBD has been widely believed to have potential as a treatment option for Atopic Dermatitis, there have been minimal research studies prior to this …
Moscow calls EU move to phase out Russian oil ‘self-destructive’
(Reuters) -Russia warned on Thursday that the European Union’s decision to partially phase out Russian oil was likely to destabilise global energy markets, calling it …
Saudi Arabia to raise oil production if Russian output falls under sanctions- FT
(Reuters) – Saudi Arabia is prepared to raise its oil production if Russia’s output falls substantially because of the western sanctions imposed on it, the …
Oil, Fuel Prices Skyrocket After EU Rolls Out Russian Ban
Oil, Fuel Prices Skyrocket After EU Rolls Out Russian Ban Thomas Catenacci on May 31, 2022 Global oil and fuel prices surged after the European …
Biden Conveniently Forgets To Mention Oil, Gas Production In His Plan To Address Energy Prices
Biden Conveniently Forgets To Mention Oil, Gas Production In His Plan To Address Energy Prices Thomas Catenacci on May 31, 2022 President Joe Biden neglected …
Factbox-How much oil does the European Union import from Russia?
(Reuters) – The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions …
EU’s phased-in oil embargo allows Russia time to adjust, say analysts, sources
(Reuters) – Europe’s phased-in rather than immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next …
Exclusive-Russian oil firms to reopen wells in June banking on demand rally, sources say
(Reuters) – Russian oil companies led by Rosneft plan to re-open wells in June which they had shut due to Western sanctions, four sources said, …
Factbox-Who is buying Russian crude oil and who has stopped
(Reuters) – Here is the response by countries and companies regarding purchases of Russian oil since the war in Ukraine started on Feb. 24. Australia, …
The US Hasn’t Built A Major Oil Refinery In Nearly 50 Years. Here’s Why
The US Hasn’t Built A Major Oil Refinery In Nearly 50 Years. Here’s Why Thomas Catenacci on May 30, 2022 U.S. petroleum refining capacity has …
EU leaders agree to ban export of Russian oil to the bloc – EU’s Michel
BRUSSELS – EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said. “This …
Explainer: Why is the EU struggling to agree Russian oil sanctions?
By Kate Abnett BRUSSELS – European Union countries are struggling to agree oil sanctions against Russia over its invasion of Ukraine, nearly four weeks after …