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…
With Gas Prices At Historic Highs, Biden Calls For Raising Taxes On Oil Drillers
With Gas Prices At Historic Highs, Biden Calls For Raising Taxes On Oil Drillers Thomas Catenacci on March 29, 2022 President Joe Biden’s budget proposes to scrap more than $45 billion in…
Analysis-Colombia presidential candidate Petro’s oil, pension proposals give investors pause
By Nelson Bocanegra BOGOTA – Leftist Colombia presidential candidate Gustavo Petro’s promises to halt new oil projects and redistribute pension funds could put the country’s economic stability at risk, investors say, though…
Uncertain path for oil markets in coming days
By David Gaffen (Reuters) – The crude oil market heads into another week of uncertainty, buffeted on one side by the ongoing war between Russia and Ukraine and the expansion of COVID-related…
‘Reduce Demand’: Democrats Send Flurry Of Mixed Messages On Oil, Gas Production In Just 24 Hours
‘Reduce Demand’: Democrats Send Flurry Of Mixed Messages On Oil, Gas Production In Just 24 Hours Thomas Catenacci on March 25, 2022 Democrats and White House officials have pushed for both greater…
Janet Yellen Defends Sustainable Investing Craze That’s Trying To End US Oil And Gas Drilling
Janet Yellen Defends Sustainable Investing Craze That’s Trying To End US Oil And Gas Drilling Harry Wilmerding on March 25, 2022 Treasury Secretary Janet Yellen defended sustainable investing practices and climate change…
German ministry wants to halve dependence on Russian oil by summer -Spiegel
BERLIN – Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, Der Spiegel magazine said on…
Trump Was Personally Committed To Expanding US Oil, Gas Drilling, Former Interior Secretary Zinke Says
Trump Was Personally Committed To Expanding US Oil, Gas Drilling, Former Interior Secretary Zinke Says Thomas Catenacci on March 23, 2022 Former President Donald Trump played an active role in kickstarting U.S.…
Ukraine sunflower scarcity: a boon for olive oil, but hard to swallow for some
By Corina Pons and Emma Pinedo MADRID – A surge in sunflower oil prices after Russia’s invasion of Ukraine cut supply has proved an opportunity for producers of one of Spain’s best-known…
Brazil tax cut for ethanol, sugar, soy oil imports to have little impact -analysts
By Roberto Samora SAO PAULO – Brazil’s recently announced tax cut for ethanol, sugar and soy oil imports should have little impact on trade deals in the short term and was driven…
Analysis-Steep oil and sunken yields flash more weakness for Japan’s yen
By Kevin Buckland and Alun John TOKYO – A jump in the price of oil and a yawning gap between yields at home and those of U.S. bonds have left Japan’s yen…
Republicans Renew Criticism Of Efforts To Shut Key Oil Pipeline Amid Energy Crisis
Republicans Renew Criticism Of Efforts To Shut Key Oil Pipeline Amid Energy Crisis Thomas Catenacci on March 21, 2022 Republicans have renewed pressure on the State of Michigan to reverse course on…
Biden Administration Backtracks On Media Reports Signaling Oil, Gas Leasing Resumption
Biden Administration Backtracks On Media Reports Signaling Oil, Gas Leasing Resumption Thomas Catenacci on March 21, 2022 The Biden administration backtracked on reports that it is resuming the federal oil and gas…
Marketmind: Oil prices fuel the tightening dilemma further
A look at the day ahead in markets from Julien Ponthus. There’s arguably little central banks can do to tame surging energy and commodity prices other than try to limit second-round effects…
Saudi Arabia is China’s top crude supplier again as Russian oil falls 9%
BEIJING – Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped 9% as…
Biden Administration Resumes Some Oil, Gas Leasing After Favorable Court Ruling
Biden Administration Resumes Some Oil, Gas Leasing After Favorable Court Ruling Thomas Catenacci on March 18, 2022 UPDATE: This article has been updated to include comment from Interior Department spokesperson Melissa Schwartz saying…
Biden Administration’s Offshore Oil Leasing Policy Will Crush American Energy Security, Experts Say
Biden Administration’s Offshore Oil Leasing Policy Will Crush American Energy Security, Experts Say Thomas Catenacci on March 18, 2022 The Biden administration’s policy on offshore oil and gas drilling leasing has set…
Democrats Up Pressure On Big Oil To Answer For Alleged Profiteering As Americans Blame Biden For Gas Prices
Democrats Up Pressure On Big Oil To Answer For Alleged Profiteering As Americans Blame Biden For Gas Prices Thomas Catenacci on March 18, 2022 House Democrats are putting more pressure on oil…
IEA urges reduced transport to cut oil use amid supply crunch
By Noah Browning LONDON -The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a 10-point plan to cut oil use as…
Left Wing Democrats Ask Biden To Cancel Oil Drilling On Federal Lands, Declare ‘Climate Emergency’
Left Wing Democrats Ask Biden To Cancel Oil Drilling On Federal Lands, Declare ‘Climate Emergency’ Thomas Catenacci on March 17, 2022 The Congressional Progressive Caucus (CPC), a group of 97 left wing…
Indonesia hikes palm oil export levy to maximum $375 per tonne
By Bernadette Christina JAKARTA – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after…
Russian oil traders switch to private dealings from public tenders
– Russian oil market participants have switched their trading tactics, favouring private deals over public offerings due to new Western sanctions, traders said on Thursday. About a quarter of Russian oil exports,…
Demand for sustainable funds wanes as Ukraine war puts focus on oil and gas
By Patturaja Murugaboopathy and Simon Jessop LONDON – Demand for sustainable stock funds waned in February as Russia’s invasion of Ukraine hit investor sentiment and higher gas prices and energy security fears…
Top Climate Democrat Says US Needs More Domestic Oil Production In ‘Short Term’
Top Climate Democrat Says US Needs More Domestic Oil Production In ‘Short Term’ Thomas Catenacci on March 16, 2022 Democratic California Rep. Ro Khanna, an advocate of aggressive climate policies, acknowledged Wednesday…
Saudi Arabia, UAE Welcome UK Prime Minister For Oil Talks After Reportedly Shunning Biden
Saudi Arabia, UAE Welcome UK Prime Minister For Oil Talks After Reportedly Shunning Biden Thomas Catenacci on March 16, 2022 U.K. Prime Minister Boris Johnson traveled to the Middle East to discuss…
Schumer says Congress will call oil and gas company CEOs to testify on energy prices
WASHINGTON – Congressional leaders in the coming weeks will call on chief executives of major oil and gas companies to testify about recent spikes in U.S. energy prices, Senate Majority Leader Chuck…
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