Newsom, Walz, and Pritzker call on Congress to dismiss oil lawsuit legislation
Democratic Governors Oppose Climate Liability Bill Prominent Democratic governors, including Tim Walz from Minnesota, Gavin Newsom of California, and J.B. Pritzker from Illinois, are urging Congress to reject a proposed law that would shield oil and gas companies from lawsuits related to climate change. They argue that taxpayers shouldn’t bear the financial burden of pollution’s […]
Major oil companies are on track for their highest profits in years as Trump advocates for reduced gas prices.
Major Oil Companies Anticipate Strong Profits Amid Industry Pressure America’s leading oil firms are set to report their most substantial quarterly profits in several years, as President Trump intensifies calls for the oil sector to reduce gasoline prices ahead of the upcoming midterm elections in November. Exxon Mobil and Chevron are projected to achieve second-quarter […]
Ukraine Attacks Russian Oil Refineries Lead to Fuel Shortages
Fuel Crisis in Russia Amid Ongoing Conflict Lines at gas stations in Russia are becoming longer, and so too are the frustrations of motorists as months of conflict with Ukraine have ignited oil refineries and affected supply chains nationwide. In various regions, fuel rationing has become necessary, leading to hours of waiting for drivers. Social […]
Ukrainians Target Key Russian Oil Refinery Again This Week
Ukrainian Forces Strike Russian Oil Refinery Again KYIV, Ukraine – Ukrainian President Volodymyr Zelenskiy announced that Ukrainian forces have targeted Russia’s Ufa oil refinery for the second time this week. This refinery is one of the largest producers of lubricants in Russia and is situated more than 1,000 kilometers away from Ukraine. The ongoing long-range […]
Iraqi Police Find $14 Million Hidden in Oil Minister’s Walls
Major Anti-Corruption Operation in Iraq Iraqi law enforcement launched a significant anti-corruption operation on Sunday, conducting raids in an upscale neighborhood of Baghdad and arresting multiple prominent figures. A key arrest was Ali Malij al-Bahadry, the Deputy Minister of Petroleum Distribution, who astonishingly had $14 million in cash hidden in the walls of his residence. […]
US oil reserves at 50% of usual, at risk of operational breakdown: startling watchdog alert
Concerns Over U.S. Strategic Petroleum Reserve Levels In recent findings, a government watchdog revealed that the ongoing conflict involving Ukraine and Iran has led to a significant depletion of the Strategic Petroleum Reserve, which is currently at its lowest since the 1980s. The U.S. Government Accountability Office highlighted that not only has nearly 180 million […]
Democrats Attempt to Revive Jimmy Carter’s Oil Tax
Democrats Propose Oil Tax Similar to Carter Era A push is underway from Democratic lawmakers to revive a tax targeting oil producers that harks back to the Carter administration. Senator Sheldon Whitehouse of Rhode Island and Representative Ro Khanna from California have reintroduced the Big Oil Windfall Profits Tax Act, as noted in a recent […]
Stock futures increase with oil prices as traders consider U.S. attacks on Iran over the weekend: Live updates
Stock Futures Rise Amidst Tensions with Iran On June 15, 2026, morning trading at the New York Stock Exchange saw slight increases in stock futures. This small uptick comes in the wake of escalating tensions between the United States and Iran, following recent attacks in the Middle East that pose the risk of prolonged conflict. […]
Ukrainian Drone Attack Sparks Blaze at Key Oil Refinery in Russia
KYIV, Ukraine — Ukraine has intensified its drone assaults on Russia, reportedly igniting a significant oil refinery in the south and resulting in at least two fatalities, according to Russian officials on Sunday. In recent months, Ukraine has notably increased its long-range attacks on Russia’s military and energy infrastructure. The intention seems clear: to diminish […]
U.S. conducts more strikes following Iran’s attack on another oil tanker
U.S. Military Strikes Iranian Targets Following Oil Tanker Attacks U.S. Central Command (CENTCOM) has confirmed that the military has carried out several retaliatory strikes against Iran, following an attack on a commercial oil tanker by the Islamic Republic. On Saturday, the Iranian military deployed a one-way attack drone against the Panamanian-flagged M/T Kiku, according to […]