Factbox-Who is buying Russian crude oil and who has stopped
(Reuters) – Here is the response by countries regarding purchases of Russian oil following Moscow’s invasion of Ukraine on Feb. 24, and how companies have …
oil
Indonesia export ban traps 290,000 T of palm oil shipments for India -trade
By Rajendra Jadhav MUMBAI – Indonesia’s wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed …
Biden Blocks Oil Drilling On Millions Of Acres Of Land As Gas Hits $4.13 Per Gallon
Biden Blocks Oil Drilling On Millions Of Acres Of Land As Gas Hits $4.13 Per Gallon Thomas Catenacci on April 26, 2022 The Biden administration …
Ecuador’s president expects oil prices to cut its fiscal deficit
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able …
France gives leeway on food labels as firms switch from sunflower oil
PARIS – France will give food companies up to six months to change product labels to reflect recipe changes if they replace sunflower oil, supplies …
Explainer-EU’s options to cut Russian oil imports – and their drawbacks
By Francesco Guarascio and Kate Abnett BRUSSELS – The European Union is considering options to cut imports of Russian oil as part of possible further …
Indonesia’s palm oil export ban leaves global buyers with no plan B
By Rajendra Jadhav MUMBAI – Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export …
Soyoil surges to record high as Indonesia bans palm oil exports
By Nigel Hunt LONDON -Soybean oil prices soared to a record high on Friday as Indonesia’s decision to effectively ban exports of palm oil heightened …
Santos says ConocoPhillips road dispute not slowing Alaska oil project
MELBOURNE – Santos Ltd played down on Friday an Alaska road access dispute with ConocoPhillips, saying their feud was not slowing work on the $3 …
Is Biden’s Mass Release From The Strategic Oil Reserves Even Legal?
Is Biden’s Mass Release From The Strategic Oil Reserves Even Legal? Thomas Catenacci on April 21, 2022 A former Trump administration official suggested that President …
OPEC tells IMF that oil price rally mainly due to geopolitics
By Alex Lawler LONDON – OPEC told the International Monetary Fund’s steering committee on Thursday that the surge in oil prices was largely due to …
Low-producing U.S. oil wells account for half of methane emissions, report says
By Valerie Volcovici WASHINGTON – Low-producing oil and gas wells that account for just 6% of total U.S. production account for half of the methane …
EU works to cut cost of Russia oil ban to win over sceptics – source
By Francesco Guarascio BRUSSELS – The European Commission is working to speed up the availability of alternative energy supplies to try to cut the cost …
China exports to North Korea surge with edible oil, wheat flour in demand as trade resumes
BEIJING – China’s exports to North Korea surged in January-March with sales of edible oil, wheat flour and pharmaceutical compounds to its reclusive neighbour sky-rocketing …
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
By Chen Aizhu and Muyu Xu (Reuters) – Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained …
Biden Admin Refuses To Take Credit For Its Own Decision On Oil And Gas Drilling
Biden Admin Refuses To Take Credit For Its Own Decision On Oil And Gas Drilling Thomas Catenacci on April 19, 2022 The Biden administration is …
‘Unconscionable’: Environmental Groups Rip Biden Over Oil, Gas Drilling Restart
‘Unconscionable’: Environmental Groups Rip Biden Over Oil, Gas Drilling Restart Thomas Catenacci on April 18, 2022 More than a dozen environmental groups lambasted the Biden administration’s …
Eyeing green vote, Macron vows to exit oil, coal and gas
By Michel Rose MARSEILLE, France – President Emmanuel Macron promised on Saturday to make France the “first great nation” to stop using oil, coal and …
The EU Would Rather Buy Putin’s Oil Than See Le Pen Win France’s Presidency: REPORT
The EU Would Rather Buy Putin’s Oil Than See Le Pen Win France’s Presidency: REPORT Thomas Catenacci on April 15, 2022 The European Union has …
Biden Admin Quietly Opens Up Land To Oil Drilling — With Just One Catch
Biden Admin Quietly Opens Up Land To Oil Drilling — With Just One Catch Thomas Catenacci on April 15, 2022 The Biden administration said that …
U.S. to resume oil, gas drilling on public land despite Biden campaign pledge
By Katanga Johnson WASHINGTON – The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move …
U.S. oil drilling, output moving higher with energy prices
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling …
U.S. pushes U.N. to cut N.Korea oil imports, ban tobacco, blacklist Lazarus hackers
By Michelle Nichols UNITED NATIONS – The United States is pushing the U.N. Security Council to further sanction North Korea over its renewed ballistic missile …
Ukraine’s Zelenskiy urges quick EU sanctions on Russian oil, all banks
VILNIUS – Ukrainian President Volodymyr Zelenskiy urged the European Union on Tuesday to impose sanctions on all Russian banks and Russian oil and to set …
Oil Prices Are Falling, But It Has Nothing To Do With Biden’s Policies
Oil Prices Are Falling, But It Has Nothing To Do With Biden’s Policies Thomas Catenacci on April 11, 2022 Global crude oil prices continued to …
OPEC tells EU not possible to replace potential Russian oil supply loss
LONDON – OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply …
Argentine oil union wants back jobs lost in pandemic amid rise in business
BUENOS AIRES – Argentina’s largest oil union called on the industry to restore jobs lost during the COVID-19 pandemic following a significant increase in production, …
Analysis-U.S. strategic oil sale speeds fuel-price fix, but at what cost?
By Timothy Gardner, Julia Payne and Ahmad Ghaddar (Reuters) – The Biden administration is selling a record amount of emergency oil from national reserves to …
Chevron, union negotiators to meet over California oil refinery strike
By Erwin Seba HOUSTON – Negotiators from Chevron Corp and the United Steelworkers union (USW) are scheduled to meet on Monday to discuss a possible …
Shell blames oil, gas margin calls for billions in cash outflows
LONDON – Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the …
Oil tanker groups Euronav and Frontline plan $4.2 billion tie-up
By Terje Solsvik and Victoria Klesty OSLO – Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge in an all-stock transaction …
Dems Trot Out Debunked Talking Point To Justify Forcing Big Oil To Walk The Plank
Dems Trot Out Debunked Talking Point To Justify Forcing Big Oil To Walk The Plank Thomas Catenacci on April 6, 2022 Democrats on the House …
IEA to release 120 million barrels of oil to ease prices – Bloomberg
(Reuters) – The International Energy Agency (IEA) will release 120 million barrels of oil to ease prices, half of which would come from the United …
Floating mines in Black Sea endangering grain, oil trade – officials
By Jonathan Saul LONDON – The risk of coming across floating mines in the major Black Sea shipping route is adding to perils for merchant …
It Took Just Four Days For Biden’s Oil Price Scheme To Go Up In Smoke
It Took Just Four Days For Biden’s Oil Price Scheme To Go Up In Smoke Thomas Catenacci on April 4, 2022 Oil prices shot up …
Biden’s War On Oil, Gas Drilling Likely To Hurt Environmental Conservation Programs
Biden’s War On Oil, Gas Drilling Likely To Hurt Environmental Conservation Programs Thomas Catenacci on April 3, 2022 While President Joe Biden’s administration has repeatedly …
Germany faces steep recession if Russian oil and gas halted – banks
FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German …
Oil Company Worker Guilty of Negligent Discharge of Hazardous Substances into The Gulf of Mexico
NEW ORLEANS – United States Attorney Duane A. Evans announced that PATRICK HUSE, age 40, of Perkinston, Mississippi, pled guilty today to a violation of …
IEA states agree on coordinated oil release but not volumes – Japan
By Yuka Obayashi Tokyo – U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia’s …
Venezuela’s March oil exports slip amid struggles with returned cargoes
By Marianna Parraga and Mircely Guanipa HOUSTON/CARACAS – Petroleum exports from Venezuela declined about 4% in March from the previous month as its state-run oil …
Biden Asks Congress To Punish Oil Companies Not Drilling More
Biden Asks Congress To Punish Oil Companies Not Drilling More Thomas Catenacci on March 31, 2022 President Joe Biden asked Congress to hit oil companies …
Biden says U.S. oil companies sitting on record profits
WASHINGTON – President Joe Biden on Thursday accused U.S. oil companies of enjoying record profits while Americans pay high gasoline prices and said they should …
Exclusive-Venezuela’s PDVSA seeks oil tankers in anticipation of U.S. sanctions easing
By Mircely Guanipa and Marianna Parraga CARACAS/HOUSTON – Venezuela’s state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a …
Oman to use surplus from higher oil prices to reduce public debt
CAIRO – Oman expects to reduce its public debt to 19.46 billion Omani riyals by using the surplus arising from selling oil at higher prices …
Biden Plans To Release More Oil From Emergency Stockpile. Will It Work?
Biden Plans To Release More Oil From Emergency Stockpile. Will It Work? Thomas Catenacci on March 31, 2022 President Joe Biden is set to order …
U.S. to release 1 million bbl of oil per day from strategic reserve over next 6 months – statement
WASHINGTON – U.S. President Joe Biden’s administration on Thursday announced a plan to release 1 million barrels of oil a day from the strategic petroleum …
Oil above $100/barrel to stay as market struggles to replace Russian barrels: Reuters poll
By Seher Dareen (Reuters) – A rally in oil is set to continue with prices staying well above $100 this year as a parched market …
Russian oil refiners signal deeper cuts to refinery runs amid overstocking
(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due …
Analysis-U.S. and allies may find tapping stockpiles inadequate to plug Russian oil gap
By Noah Browning and Timothy Gardner LONDON/WASHINGTON – Top oil consuming nations may find that one of their main tools to fight high global oil …
Biden admin weighs 180 million bbl draw of oil from emergency reserves over months -sources
WASHINGTON – The Biden administration is weighing a draw of oil from emergency reserves of up to 180 million barrels over several months, two U.S. …