Biden Admin Jacks Up Costs For Oil And Gas On Public Lands
The Biden administration unveiled a final rule Friday that increases the costs of drilling for oil and gas on federally-controlled lands. The Bureau of Land Management (BLM) announced its final Fluid Mineral Leases and Leasing Process rule, increasing the amount the government charges drillers to use its land, increasing the government’s cut of profits from […]
Financial markets nervous amid Middle East tensions; oil price falls – business live | Business
Introduction: Markets are nervous amid concerns about tensions in the Middle East good morning. Welcome to our regular coverage of business, financial markets and the global economy. Financial markets are in a nervous mood this morning as investors worry about escalating tensions in the Middle East following Iran’s military attack on Israel last weekend. Many […]
Oil expected to rise in wake of Iran’s attack on Israel
Barron’s Markets Editor Ben Levithorn discusses the impact of geopolitical concerns on gold and oil prices on Barron’s Roundtable. Oil prices are expected to rise when markets open next Monday Iran’s attack on Israel Analysts closely following Israel’s reaction said prices reached a six-month high on Friday before falling over the weekend. More than 300 […]
Oil prices expected to rise after Iran’s attack on Israel
Oil prices are expected to rise on Monday following Iran’s attack on Israel over the weekend, but further gains could depend on what retaliatory measures Israel and the West choose, it said. analysts said on Sunday. Iran launched explosive drones and missiles toward Israel late Saturday in apparent retaliation for Israel’s April 1 attack on […]
Republicans unveil effort blocking Biden’s crackdown on oil, gas drilling
First appearance on Fox: A coalition of Republicans in the House and Senate will introduce legislation Thursday that would overturn President Biden’s environmental regulations targeting oil and gas drilling. The bill targets rules the Environmental Protection Agency finalized late last year to curb methane and other air pollutants produced by the fossil fuel sector. The […]
Venezuela Charges Hezbollah-Linked Former Oil Minister with ‘Treason’
Tarek El Aissami, Venezuela’s former oil minister and senior member of the country’s unlocked ruling socialist government, was indicted on Tuesday on charges of treason, money laundering and corruption after disappearing for a year. He resurfaced in handcuffs. El Aissami is purged It was carried out by socialist dictator Nicolas Maduro in March 2023 as […]
Russian Oil Shatters G7 Price Caps in Defiance of Sanctions
Russian crude currently sells for about $75 per barrel, far above the $60 cap imposed by the Group of Seven (G7) countries in 2022, according to the latest oil price tracking data. Russian oil is trading even higher in markets such as India, suggesting that G7 efforts to drain Russia’s war machine of oil revenues […]
Venezuela’s ex-oil minister charged with stealing millions from state oil company | Venezuela
Venezuela’s former oil minister Tarek el Aissami, once one of President Nicolas Maduro’s closest allies, has been arrested on suspicion of participating in an international scheme that siphoned hundreds of millions of dollars from the country’s state oil company. The charges against El Aissami are part of a broader purge by the government that has […]
Equity investor says oil prices could affect Fed as they decide on rate cuts
Peter Andersen, chief investment officer of Andersen Capital Management, analyzes the latest employment and inflation data, the trajectory of the Fed interest rate, and how high oil prices are likely to rise. Andersen Capital Management’s chief investment officer said oil prices could influence the Federal Reserve as policymakers decide the next step in interest rates. […]
White House dodges question on refilling oil reserve #shorts
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