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HomeTop News

Top News

Crude Oil News

Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs

December 5, 2024 Clark Savage

Expansion of Trans Mountain started operation in May Pipeline provides direct access to Asian markets, avoiding US The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers […]

Crude Oil News

Oilfield Service M&A Set for Boost Under Trump

December 5, 2024 Clark Savage

Deloitte’s oil and gas industry outlook for 2025 forecasts that the Trump presidency will facilitate continued consolidation in the U.S. oilfield services sector next year. The oilfield service sector is already consolidating, with a slew […]

Newsom’s Green
Climate Crisis

Newsom’s Green Push Ignores Energy Reality, Burdening Residents With Sky-High Costs

December 5, 2024 Mariel Alumit

Gov. Newsom’s green transition pushes costly energy policies while ignoring hydrocarbons’ role, harming California’s economy and low-income residents. Driven by California Governor Gavin Newsom’s obliviousness to the reality that the so-called green energy transition is […]

EPA
Climate Crisis

‘Throwing Gold Bars Off The Titanic’: EPA Staffer Admits Funneling Billions To Climate Orgs Before Inauguration

December 5, 2024 Mariel Alumit

Before Trump takes office, gloomy EPA staff scramble to distribute billions from ‘Biden’s climate law’ to favored climate groups. It’s a turbulent time at the Environmental Protection Agency (EPA), according to a current staffer, with […]

oil
Crude Oil News

Czechs see Russian ‘games’ after Moscow halts oil supply

December 5, 2024 Mariel Alumit

  Oil deliveries from Russia to Czechia via the Druzhba pipeline have stopped without explanation, raising suspicions as Czech officials remain calm. While the exact reason remains unclear, many see it as another deliberate move […]

Energy
Big Oil Companies

Energy sector doesn’t believe we’ll get to net zero

December 5, 2024 Mariel Alumit

Just 4% of energy professionals believe the UK will get to net zero in 2050. That’s the standout finding of the annual Energy Barometer report from the Energy Institute. The Barometer is an annual state-of-the-nation […]

China
Electric Vehicles

China automakers pivot to hybrids for Europe to counter EV tariffs

December 5, 2024 Mariel Alumit

  Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle tariff scheme. The bloc’s latest […]

US
Crude Oil News

VLCCs on notice as US crackdown on Iranian shipping steps up a gear

December 4, 2024 Mariel Alumit

The US imposed sanctions yesterday on 35 entities and vessels accused of transporting illicit Iranian petroleum to foreign markets in a curtain raiser to potentially a far stricter attitude towards Iran come next month. One […]

NATO
Geopolitical

NATO Pledges Urgent Support for Ukraine’s Battered Infrastructure

December 4, 2024 Mariel Alumit

NATO members have agreed to prioritize protecting Ukraine’s infrastructure from ongoing Russian attacks. Russia continues to target Ukrainian cities and energy facilities with drones and missiles, causing civilian casualties and power outages. Explosions were reported […]

Trump just announced that any country that purchases oil or gas from Venezuela will have a 25% tariff placed on them.
Crude Oil News

Spain’s Crude Oil Imports From Venezuela Hit the Highest Level Since 2006

December 4, 2024 Mariel Alumit

Thanks to a U.S. license for Spanish energy major Repsol to import Venezuelan crude, Spain’s crude oil imports from the South American country have hit this year the highest level since 2006, according to Spanish […]

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