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Tag: Oil

Pentagon blasts Houthis for striking oil tanker, creating 'environmental disaster'

The US Defense Department on Thursday slammed Houthi rebels for causing an “environmental disaster” by attacking an oil tanker in the Red Sea, after a merchant ship carrying 1 million barrels of crude oil burst into flames. Deputy Defence Ministry spokeswoman Sabrina Singh told reporters that Wednesday’s Houthi attack on the merchant ship Sounion threatened […]

Greek Oil Tanker Drifting and Ablaze After Red Sea Attacks

DUBAI, United Arab Emirates (AP) — A Greek-flagged oil tanker sailing in the Red Sea came under repeated attack Wednesday in attacks suspected to be carried out by Yemen’s Houthi rebels, leaving the ship “out of command” and adrift on fire, the British military said. The most serious attack in the Red Sea in recent […]

NY weighs charging oil firms billions of dollars to fuel new climate change fund

Governor Kathy Hawkle Decide now Whether to approve a controversial bill that would force oil, natural gas and coal companies to pay billions of dollars to the state for contributing to climate change. Supporters liken the plan — a proposed Climate Change Superfund — to the federal Superfund program that has sought to hold polluters […]

Oil Prices on Course for a Weekly Gain as Economic Optimism Returns – OilPrice.com

Crude oil prices are on track to post a weekly gain early today as optimism returned to the oil market following several better-than-expected reports on the US economy. One of them was a report of retail sales in July, which rose 1% compared to the expected 0.3% increase, Reuters reported. ReportedThe increase was more notable […]

Climate disaster survivors urge Merrick Garland, DOJ to prosecute Big Oil

Survivors of “climate disaster” are calling on federal prosecutors to take fossil fuel companies to court. More than 1,000 signatories on ThursdayletterDepartment of Justice employees have experienced wildfires, floods, and heat waves caused or exacerbated by the burning of fossil fuels. Big oil companies “have known the dangers of burning fossil fuels since the 1950s,” […]

Four Georgia men arrested for stealing cooking oil in bulk: Police

Four men were arrested in Cartersville, Georgia, after allegedly stealing large quantities of cooking oil from multiple businesses, police said. According to Cartersville Police, four suspects, Carlos Laguna, 41, of Buford, Freddy Valencia Aguirre, 36, of Tucker, Luis Gaitan Obando, 41, of DeKalb County, and Yuniel Elius Aguirre Polanco, 24, of Atlanta, are suspected of […]

Elon Musk Warns Against Vilifying Oil & Gas Industry in Trump Interview

Elon Musk, CEO of electric car maker Tesla, defended the oil and gas industry during an interview with former President Donald Trump on his social media platform, X. The Verge Reports Musk and Trump covered a wide range of topics during the highly anticipated livestream, including immigration, inflation and foreign policy, but their discussion of […]

Oil prices see volatile day amid stock selloff, Iran fears

Oil prices swung wildly on Monday, hit by a mix of conflicting factors: a drop caused by a broad stock market sell-off and a rise caused by fears of possible Iranian retaliation against Israel. Brent crude, the world’s main price benchmark, fell to a low of $76.05 in the morning before fluctuating throughout the day […]