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…
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 tip many of its fellow G7 rich…
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 price of Russian oil, a source familiar…
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 products trader controlled by China’s CNPC, Kazakh…
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 discussed plans to put a price cap…
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 limit its ability to fund its invasion…
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 than two dozen American energy groups invited…
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 company, Mewbourne Oil Co., operates more than…
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 increases in August, sources said, hoping to…
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 include additional reporting from The Washington Post…
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 on June 14, 2022 for violating the…
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 article has been updated to reflect that…
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 executive action over U.S. refinery capacity declines.…
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 told Reuters on Friday. Deputy Prime Minister…
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 to uphold its ban on new federal…
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, predicting domestic oil output would be either…
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 need more oil and gas drilling, saying…
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 updated to include comments from Shell spokesperson…
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 it delayed four onshore oil and gas…
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 as part of the Biden administration’s previously…
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 Resources Committee sent letters to five public…
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, of capitalizing on a supply shortage to…
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 capacity, White House economic adviser Cecelia Rouse…
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 firms withdrew cover for Russian shipowners, three…
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 bill regulating big cat ownership first during…
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), a group of House conservatives who craft…
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