Oil, commodities price shock could cost over 4% of global GDP, Trafigura says
By Julia Payne LONDON – Soaring prices of commodities from oil to wheat in the wake of Russia’s invasion of Ukraine could cost the global …
oil
Rep. Scalise Says Biden Is ‘Begging’ Dictators For Oil While Ignoring American Energy
Rep. Scalise Says Biden Is ‘Begging’ Dictators For Oil While Ignoring American Energy Samantha Renck on March 8, 2022 In a discussion with the Daily …
G7 energy ministers to discuss next steps on Russian oil and gas -UK minister
LONDON – G7 energy ministers will meet on Thursday to discuss what more the West can do to reduce its dependence on Russian oil and …
Palm oil prices set for new record highs in coming months – analyst James Fry
KUALA LUMPUR – Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil …
Biden bans Russia oil imports to U.S., warns gasoline to rise further
By Trevor Hunnicutt, Steve Holland and Andrea Shalal WASHINGTON -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy …
OPEC has no control over events roiling global oil markets -Sec Gen
By Marianna Parraga HOUSTON -OPEC has no control over the events that have led to the run up in global oil prices and there is …
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing …
Putin Takes Aim At Key Commodity, Raw Material Exports On The Heels Of Biden’s Russian Oil Ban
Putin Takes Aim At Key Commodity, Raw Material Exports On The Heels Of Biden’s Russian Oil Ban Sebastian Hughes on March 8, 2022 Russian President …
ARK’S Wood sees Europe in recession, high oil prices to drive EV sales
By David Randall NEW YORK – Europe’s economy is likely already in a recession as a result of the Russian invasion of Ukraine and the …
Britain to phase out Russian oil imports by end of 2022
By William James and Kylie MacLellan LONDON -Britain will phase out imports of Russian oil and oil products by the end of 2022 and consider …
Baltimore CBP Seizes $2.5 Million in Palm Oil Shipments Under Forced Labor Finding
BALTIMORE – U.S. Customs and Border Protection (CBP) officers seized four shipments of palm oil in Baltimore since February 11 due to information indicating that …
Brazilian power sector to benefit from rains, despite higher oil prices – ONS
RIO DE JANEIRO – The improvement in the level of Brazil’s main hydroelectric reservoirs should ease the costs of operating the electricity system this year, …
U.S. ban on Russian oil spooks jumpy European stocks
By Sruthi Shankar, Bansari Mayur Kamdar and Susan Mathew -European shares slipped on Tuesday, as the United States banned Russian oil imports, raising volatility and …
U.S. House vote on bill banning imports of Russian oil may come as soon as Tuesday – Hoyer
– U.S. House of Representatives Majority Leader Steny Hoyer said that a House vote on a bill banning imports of Russian oil and other energy …
One Of Biggest Gas Companies In World Says It Will Stop Buying Russian Oil
One Of Biggest Gas Companies In World Says It Will Stop Buying Russian Oil Thomas Catenacci on March 8, 2022 Shell, one of the world’s …
Factbox-U.S. imports of Russian oil and refined products
By Arathy Somasekhar and Marianna Parraga HOUSTON – The United States is expected to ban imports of Russian oil as soon as Tuesday, sources familiar …
Major oil companies aim for zero methane emission by 2030
HOUSTON – A group of the world’s top oil companies, including Saudi Aramco , Shell and Exxon Mobil , said on Tuesday that it has …
Soaring prices set stage for eventual reversal of oil, gas demand
By Sabrina Valle, Arathy Somasekhar and Liz Hampton HOUSTON – Oil prices running at their hottest level in 14 years are poised to cut post-COVID …
Canadian dollar decouples from oil, adding to BoC inflation headaches
By Fergal Smith TORONTO – As the Russia-Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian …
What would a U.S. ban on Russian oil mean for the world?
By Noah Browning, Simon Jessop and Balazs Koranyi LONDON – The possibility that the United States might ban Russian oil imports has triggered a surge …
ANALYSIS: White House Keeps Misleading Public On Oil, Gas Leasing. Here Are The Facts
ANALYSIS: White House Keeps Misleading Public On Oil, Gas Leasing. Here Are The Facts Thomas Catenacci on March 7, 2022 The White House has repeatedly …
Australian refiners cease purchase of Russian crude oil, voice support for Ukraine
– Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties …
Russia warns West of $300 per barrel oil, cuts to EU gas supply
DUBLIN – Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments …
White House Talks Oil With Venezuela In Rare Face-To-Face Meeting
White House Talks Oil With Venezuela In Rare Face-To-Face Meeting Thomas Catenacci on March 7, 2022 The White House is considering removing sanctions from Venezuela’s …
What would a U.S. ban on Russian oil mean for the world?
By Noah Browning, Simon Jessop and Balazs Koranyi LONDON – The possibility that the United States might ban Russian oil imports has triggered a surge …
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions Thomas Catenacci on March 7, 2022 The stock market dropped during early trading …
U.S. Democrats seek $1bln to fight oil, gas, drug price gouging -Schumer
WASHINGTON – U.S. Senate Democrats are seeking $1 billon for the Federal Trade Commission to crack down on companies that gouge consumers in the oil, …
Marketmind: Oil shock
A look at the day ahead in markets from Dhara Ranasinghe. Oil’s relentless climb, hitting almost $140 on Monday, means another turbulent start to the …
U.S. shale oil and gas producers Oasis and Whiting in talks to merge – source
By David French – U.S. shale oil and gas producers Oasis Petroleum Inc and Whiting Petroleum Corp are close to agreeing an all-stock merger that …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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, …
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 …
‘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 …
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 …
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 …
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 …
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 …