Western nations have bought $2B in Russian oil this year through sanctions workarounds
Western countries have indirectly purchased $2 billion worth of Russian oil through Turkey, revealing a glaring loophole in the current sanctions regime. a New reports The company's operations have been profitable in the past few months as crude oil arrives at Turkish refineries to be made into products such as gasoline and diesel and shipped […]
Big Oil, clean energy chart future of geothermal energy
HOUSTON — America's new clean-energy future could be built on an unlikely foundation: the technology and experience of big oil companies. At least, that's the hope of representatives of big oil companies, tech startups, scientists and climate groups meeting in Houston this week to launch a series of $10 million summits. Their goal: to use […]
Oil, gasoline prices face a slump
Get the latest news from The Hill here {beacon} Energy and Environment Energy and Environment Full text Judge sides with Illinois attorney general in lawsuit over water use at Trump Tower in Chicago A Chicago judge ruled this week that Trump Tower in Chicago violates Illinois environmental laws by using water from the Chicago […]
Oil prices up over 1% on US hurricane impact concerns By Reuters – Investing.com
Arunima Kumar (Reuters) – Oil prices rose about 2 percent on Thursday as they continued to rebound on concerns over the impact of Hurricane Francine on U.S. production, but a gloomy demand outlook capped gains. November futures were up $1.24, or 1.8 percent, at $71.85 a barrel as of 1008 GMT, while October futures were […]
Harris embraces oil and gas on debate stage
For the latest updates on The Hill, click here {beacon} Energy and Environment Energy and Environment Full text Extreme temperatures cause some schools to postpone start of school Climate change has caused temperatures to soar, leading to an increase in schools postponing the start of classes to help students avoid the sweltering summer heat. […]
Kamala Harris Claims Biden-Harris Administration Ramped Up Oil Production
CLAIM: Vice President Kamala Harris asserted Tuesday that the Biden-Harris administration is ramping up oil production. Verdict: False. The Biden-Harris administration has actively worked to curb domestic oil production. Former President Donald Trump said during Tuesday's presidential debate that Harris has proposed banning fracking. Harris said In response, Trump said, “My values have not changed. […]
Oil Prices Fall 3% Without Real Change in Fundamentals – OilPrice.com
Julian Geiger – September 10, 2024, 10:18 AM WTI crude oil was down 3.78% to $66.11 per barrel on Tuesday morning. Brent crude prices fell below $70 a barrel for the first time since 2021. The fundamentals have not changed enough to justify a big price drop. Oil prices fell again […]
Oil Prices Tumble as Traders Turn Bearish – OilPrice.com
Rising global crude supplies and weaker-than-expected demand have made traders increasingly bearish on oil prices. Hedge funds and other asset managers accelerated selling of the most-traded oil futures contracts in the latest reporting week that ended Sept. 3. Portfolio managers cut their overall net long positions — the difference between bullish and bearish bets — […]
University funding from fossil fuels slowing switch to green energy – report | Oil and gas companies
Fossil fuel companies' funding of climate-focused initiatives at universities is slowing the green transition, according to the largest peer-reviewed study to date of industry's influence on academia. About the research published in the journal “WIREs Climate Change” Six researchers on Thursday scrutinized thousands of academic papers on industry research funding from the past two decades, […]
Houthis Air Video Allegedly Showing Invasion, Bombing of Greek Oil Tanker
Ansarullah, the Shiite jihadist terrorist group known as the Houthis, released a video on Thursday that it claimed showed its members boarding a Greek-flagged oil tanker. Sunion ” he shouted as he set off the bomb.Allah Akbar.” The Houthis took control of Yemen's capital, Sana'a, and launched a terrorist campaign to disrupt commercial shipping in […]