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Tag: Oil

States’ greedy lawsuits against oil will hurt us all

Some US states and cities bring the action Or pass laws to abolish fossil fuel companies; Line one’s pocketsIn Hawaii Litigation Lawsuits against fossil fuel companies are pending in state supreme courts and the U.S. Supreme Court. Attorney General and Sub-jurisdiction They are suing fossil fuel companies. Recently, the Vermont Legislature invoice Demand that fossil […]

Less demand and stagnant oil prices has led to lower gas prices for drivers

Gas prices are down 2 cents since last week. (iStock) Good news for spring and summer travelers: gas prices continued to trend downwards this week, averaging $3.46 per gallon. Reported by AAAThat’s down 2 cents from last week and 15 cents from last month. Weak demand and an excess of gas are the two main […]

Crude Oil Price Forecast: Eyes Bullish Targets – FX Empire

Holds above 20-day moving average support The 20-day moving average is at 77.77. If crude oil closes above this line today, the upside objective will likely be reached. A move above today’s high will generate a signal for the continuation of the bullish trend. A test of the 200-day moving average at 79.96 appears to […]

Oil prices may rise to $86 a barrel on ‘solid summer demand’: Goldman Sachs

Stephen Moore, co-founder of the Committee to Unleash Prosperity, weighs in on how Biden’s energy policies will affect consumers and national security. Oil prices Goldman Sachs analysts said in a report that “robust summer demand” is expected to help oil prices rise to about $86 a barrel as the driving season heats up. Forecasts show […]

Colorado lawmakers urge EPA to review pollution permits at controversial Utah oil facilities

Two Colorado lawmakers are pressuring the Environmental Protection Agency (EPA) to scrutinize existing and proposed pollution permits for three oil-transportation facilities in Utah, where they worry the expansion could endanger residents and wildlife across state lines. The expansion of Wildcat Loadout, Price River Terminal and Savage Energy Terminal will increase oil export capacity in Utah’s […]

Oil Prices Start the Week With a Slight Gain but Uncertainty Remains – OilPrice.com

Crude oil prices started the week slightly higher on prospects of increased fuel demand during the summer driving season. The remainder of the session could still see volatility as strong U.S. employment data released last Friday is likely to have dented interest rate cut expectations and further improved demand. Bureau of Labor Statistics report Nonfarm […]

Biden’s energy chokehold lost us $150B of oil and gas

As summer driving season arrives, President Biden is once again shifting the blame for rising gas prices onto someone other than himself. First it was Trump, then it was Putin. And now, with gas prices still above $4 a gallon in many markets, Biden is blaming the “greed” of oil companies. He even wants to […]

OPEC+ to Extend Oil Production Cuts Through End of 2025 in Attempt to Keep Prices High

OPEC+, a coalition of OPEC member countries and allied oil producers, said on Sunday it would extend existing overall oil production limits until 2025 to keep oil prices from falling below desired levels. The cartel said some countries would extend production cuts according to different schedules, while one member, the United Arab Emirates (UAE), would […]

Fire breaks out at Russian oil refinery; deaths, injuries reported

A fire broke out at an oil refinery in northwestern Russia on Sunday, causing deaths and injuries, local authorities said. The governor said the fire was not the result of a Ukrainian drone strike and investigators have opened a criminal case of alleged negligence. Biden authorizes limited military strikes, Medvedev says Russia not ‘bluffing’ with […]