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…
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 of which have been strained by the…
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 sanctions against Moscow over its invasion of…
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 ban forced buyers to seek alternatives, already…
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 concerns about already depleted global supplies of…
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 billion Pikka oil project or the Australian…
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 Joe Biden’s recent release of 180 million…
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 the Ukraine crisis, in the latest signal…
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 emitted from all U.S. well sites, a…
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 of banning Russian oil and persuade Germany…
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 after a COVID-induced pause, Chinese customs data…
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 its top supplier spot, while shipments from…
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 already shying away from its decision to…
‘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 announcement that it would restart the federal…
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 gas as energy sources, in a pitch…
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 delayed its much-anticipated ban on Russian oil…
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 it would reduce the amount of land…
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 that could break a pledge Joe Biden…
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 and well completion activity, according to industry…
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 launches by banning tobacco and halving oil…
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 a deadline for ending imports of Russian…
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 slide Monday because of the sudden decreased…
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 shocks and it would be impossible to…
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, the union’s leader told Reuters. The South…
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 tame soaring U.S. fuel prices as quickly…
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 end to a strike at the company’s…
Breaking News
