President Joe Biden is prepared to release more oil from the country’s strategic reserves if gas prices increase during the summer. This is the latest plan by the Biden administration to counter higher prices at the pumps and […]
Joe Biden plans to deplete the U.S. oil reserves to artificially lower gas prices just months before the presidential election. When Biden took office in January 2021, the nationwide average gas price was $2.39 per […]
Louisiana, Texas, and Mississippi have sued the US government to block the proposed rule set forth by the Biden administration requiring the offshore oil and gas industry to provide nearly $7bn in financial assurances to […]
Denmark’s foreign minister has said he is in discussions with neighbours looking at ways of barring Russia’s shadow fleet from transiting the Baltic Sea, something that has earned a rebuke from the Russian ambassador in […]
Daily Standup Top Stories Russia’s War in Ukraine Has Produced $32 Billion in Climate Damage June 17, 2024 Mariel Alumit CLIMATEWIRE | In November 2022, the United Nations resolved that Russia should pay reparations for the losses, […]
June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), said in its closely followed report […]
China accelerated the pace of stockpiling crude oil inventories in May amid lower refining throughput and weaker crude imports compared to last year, in further bearish signs about China’s apparent oil demand so far this […]
The International Energy Agency (IEA) has called peak oil as happening in 2029, something that has got tanker analysts discussing what this means for owners mulling rejuvenating their fleets. The IEA’s latest report, Oil 2024, […]
Daily Standup Top Stories EV Slowdown Steers the World Further Off Course From Net Zero June 16, 2024 Stu Turley Electric vehicles have swiftly gone from a bright spot in the global climate fight to cause for concern, […]
Hibiscus Petroleum Bhd. has agreed to buy TotalEnergies EP (Brunei) BV from TotalEnergies SE for $259.4 million. TotalEnergies EP (Brunei) holds a 37.5 percent stake as operator of Block B, which sits 85 kilometers (52.8 […]
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