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 […]
Billionaire Texas Oilman Inks Deal to Revamp Venezuela’s Onshore Oil Fields
LNG Energy Group, a Canadian-based company owned by billionaire Texas businessman Rodney Lewis, has signed a deal with Venezuela’s state oil company PDVSA to rehabilitate five onshore oil fields, according to the Associated Press. mediated. report Wednesday. The deal was announced days after US President Joe Biden took office. returned Oil and gas sanctions against […]
FDA Recalls 2,000 Cases Of Primal Kitchen Avocado Oil
The U.S. Food and Drug Administration (FDA) announced a recall of over 2,000 cases of cooking oil Monday due to potential glass breakage in the packaging. The FDA has recalled thousands of cases of Primal Kitchen Avocado Oil due to potential glass breakage in the packaging. The affected products were distributed in the eastern United […]
Native American Group Slams Biden Admin’s Move To Limit New Oil Projects In Alaska
The Biden administration defended its recent restrictions on new Alaskan oil projects by saying the move would protect Native Americans, but the natives living in the region say they were largely ignored in the decision making process. The Department of the Interior on Friday finalized a plan to restrict future oil leasing and development across 13 […]
Biden Admin Announces Massive Restrictions On Alaskan Oil Reserve And Hampers Key Mining Project In One Fell Swoop
The Biden administration moved to block oil and gas activity on millions of acres of Alaskan land and effectively rejected a road project needed to mine large reserves of copper in the state on Friday, Bloomberg News reported. The Department of the Interior (DOI) finalized a plan that will restrict future oil leasing and development […]
Gas prices crept up this week, but not by much as oil prices fell
The average price for a gallon of gas this week was $3.67. (iStock) The average price Americans pay at the pump rose last week, but only by 4 cents. AAA reported. Drivers paid an average of $3.67 per gallon, which is 21 cents more than this time last year. Prices have increased slightly due to […]
Oil and gold prices rise as US says Israel has struck Iran – BBC.com
image caption, Iran is the world’s 7th largest oil producer Article information author, Mariko Oi role, business reporter April 19, 2024, 04:41 BST Updated 49 minutes ago Global oil and gold prices soared and stock prices fell after U.S. officials said an Israeli missile had struck Iran. After an initial sharp move in Asia on […]
China Buys into Niger Junta to Secure Oil Supply
China’s state oil company CNPC, China National Petroleum Corporation, takes control of Niger in a much-needed injection of cash after a coup damaged relations with the United States, Niger’s previous big oil customer Signed a $400 million contract with the military government. States and France. The Memorandum of Understanding (MoU) signed on Saturday appears to […]
Biden administration reimposes oil sanctions on Venezuela over election infractions
Biden administration officials announced Wednesday that they will reimpose punishing sanctions on Venezuela’s oil and gas sector, saying that the Maduro regime failed to uphold its commitments to hold free and fair elections. The Treasury Department had issued a six-month sanctions reprieve for Venezuela’s oil and gas sector last October. The authorization allowed the country’s […]
Oil Moves Down on Crude Inventory Build – OilPrice.com
Oil prices fell today following the Energy Information Administration’s announcement. report Inventories increased by 2.7 million barrels in the week ending April 12. That compares with the previous week’s hefty 5.8 million barrels of production and an estimated 4 million barrels of production for the week ending April 12, reported by the American Petroleum Institute […]