Biden administration says it has replenished strategic oil reserve after Russia war drawdown
The Biden administration said it was replenishing 180 million barrels of oil it had drawn from the Strategic National Petroleum Reserve in response to soaring prices after Russia’s invasion of Ukraine. The Energy Department announced purchases of 4.65 million barrels on Friday, bringing total purchases since the 2022 cuts to more than 40 million barrels. […]
Olive oil fraud and mislabelling cases hit record high in EU | Food safety
The EU saw a record number of cases of suspected olive oil fraud and mislabelling in the first quarter of this year as inflationary pressures expanded a hidden market for the kitchen staple. Olive oil prices have more than doubled since 2018 as production has been hit by extreme weather due to the climate crisis […]
Ukraine Claims Successful Strike on Oil Depot in Russian Mainland
KYIV, Ukraine (AP) — Ukraine said Sunday it struck an oil depot in southern Ukraine that supplies oil to Kremlin forces, and Russia claimed further gains in Ukraine’s eastern Donetsk region, where a Russian attack killed five civilians and wounded 15. Kiev’s security forces used a drone to attack an oil depot used to meet […]
Typhoon Gaemi: oil tanker and cargo ship sink amid stormy seas | Taiwan
A tanker and a cargo ship sank and three other vessels were stranded as Typhoon Gaemi crossed Taiwan, bringing torrential rains and strong winds to the island, causing widespread flooding and leaving three people dead. Philippine authorities were scrambling to contain an oil spill after a tanker carrying 1.4 million liters of crude oil capsized […]
‘Oil Kills’ protesters disrupt flights at airports across Europe in wave of action | Europe
Environmentalists, campaigning under the slogan “Oil is death”, have been lining runways and grounding flights across Europe as holidaymakers try to get off for their summer holidays. A series of protests took place at airports from Oslo to Barcelona, with activists disrupting flights and demanding that rich, polluting countries phase out fossil fuels by 2030. […]
California Republicans warn Newsom his oil refining ‘phase-out’ endangers military readiness
Exclusive: Nearly half of California’s Republican congressional caucus sent a letter Tuesday warning that Gov. Gavin Newsom’s strict fossil fuel policies endanger national security due to the state’s military importance. The letter, led by San Joaquin Valley Rep. David Valadao, cited Newsom’s “intentional … hamstring injury.”[ing]”The decline in oil refining not only hurts California taxpayers, […]
Oil Prices Under Pressure Despite Bullish Catalysts – OilPrice.com
Oil prices have fallen this week despite rising geopolitical risks, with markets primarily focused on Joe Biden’s decision to withdraw from the presidential race. – Asian oil markets saw a much-awaited recovery in trading after Dubai crude, the region’s main benchmark crude, fell sharply against Brent and WTI, making arbitrage trading from other continents almost […]
2 oil tankers catch fire off Singapore, navy rescues crews
Two oil tankers catch fire off Singapore coast, Navy rescues crew The Singapore Navy said it rescued crew members from two oil tankers that caught fire about 34 miles northeast of Pedra Branca Island on July 19, 2024. (Photo by Republic of Singapore Air Force/Republic of Singapore Navy/LCP Dylan Lau) The Singapore Navy said it […]
‘Fanatic’ Just Stop Oil Founder Jailed over Highway Disruptions in England
The co-founder of radical environmental groups Just Stop Oil and Extinction Rebellion has been given a long prison sentence along with four other environmental activists over motorway chaos in England. Roger Hallam, one of Britain’s most radical environmental activists, was convicted of conspiring to disrupt traffic in 2022 over the Just Stop Oil blockade of […]
Co-Founder Of Just Stop Oil Activist Group Sentenced To Years In Prison: REPORT
Roger Hallam, the 58-year-old co-founder of Just Stop Oil and Extinction Rebellion, was sentenced to five year in prison over conspiracy to organize illegal protests, Sky News reported Thursday. Judge Christopher Hehir also sentenced four other defendants to serve time four years in prison for the same act, the outlet reported. These sentences are thought […]