Fresh Off Their Major Victory On Gas Export Terminals, Enviros Set Sights On New Target: Oil Exports
Months after President Joe Biden handed environmentalists a major win by pausing new liquefied natural gas (LNG) export terminals, activist groups are beginning to turn their attention to deepwater oil export hubs. A coalition of 19 climate activist organizations — including the Sierra Club, Earthjustice and the Sunrise Movement’s New Orleans chapter — wrote a […]
Trump asks Big Oil for $1B in campaign cash
Former President Trump asked the oil industry executive for $1 billion in campaign contributions, according to people familiar with the meeting. President Trump met with oil company executives at Mar-a-Lago last month. It was previously reported that he had asked for $1 billion for his campaign. washington post and new york times. The Post reported […]
Russia Doubles Oil Revenue Year-on-Year in April
Report released on Monday bloombergCiting information from the Russian Ministry of Finance, reported that it was found that the revenue the Russian government received from oil sales and taxes in April 2024 was more than double compared to April 2023. The report said that part of this increase was due to a significant drop in […]
Oil Prices Set for Another Weekly Loss – OilPrice.com
Oil prices edged higher early today, but continued to see further weekly declines due to the US Federal Reserve. signaled Again, there were no immediate plans to start cutting rates. The Energy Information Administration’s weekly oil inventory report also estimated a large increase in inventories, suggesting weak demand, as did the Fed’s interest rate policy, […]
Large Crude Inventory Build Rocks Oil Prices | OilPrice.com – OilPrice.com
Oil prices fell today following the US Energy Information Administration’s announcement. report Inventories increased by 7.3 million barrels for the week ending April 26. By comparison, prices briefly rose last week due to significant demand of 6.4 million barrels the previous week. For gasoline, officials reported that inventories rose by 300,000 barrels last week, compared […]
Senate, House Dems: Oil companies pivoted from climate denial to ‘deception, disinformation, and doublespeak’
Big oil companies have acknowledged internally that their pledges to reduce global warming emissions are incompatible with their business plans, according to a three-year report released by Democrats to the Senate Budget Committee and the House Oversight Committee. Ta. The report, which builds on an oversight investigation that stalled after Republicans took control of the […]
Biden Admin Releases Robust Leasing Schedule For Struggling Green Industry After Issuing Restrictive Oil And Gas Plan
The Biden administration unveiled a plan Wednesday to hold up to a dozen offshore wind leases over the next several years as the industry struggles to cement itself in the U.S. The Department of the Interior (DOI) announced its five-year schedule for offshore wind leasing, which envisions lease sales for plots in the Atlantic, Pacific, […]
The Future of Plastics Will Determine the Future of Oil Demand – OilPrice.com
The United Nations is debating the future of plastics this week – on the surface it would seem that way. The United Nations’ Global Plastics Treaty negotiations aim to curb plastic pollution by substantially reducing the use of plastics around the world. And it looks like they’re going to fail. The goal is certainly a […]
Drop in fuel demand and oil prices sends gas prices lower: AAA
AAA says drivers are taking a break and prices are trending down. (iStock) Gasoline prices fell this week as demand for fuel and oil fell, according to the latest AAA report. The national average cost of a gallon of gasoline fell to $3.65, down just 2 cents from the previous week. Gas demand fell from […]
Oil Prices Climb as Bullish Catalysts Build | OilPrice.com – OilPrice.com
Oil prices are set to rise this week as falling inventories, a slowdown in U.S. manufacturing and escalating tensions in the Middle East combine to add to bullish sentiment. Friday, April 26, 2024 Although oil prices are heading for their first weekly rise since early April, they have so far failed to break above the […]