Bottom Line: Oil magnate accused of OPEC collusion brings on top lobbying shop
Oil and Gas Brownstein Hyatt Farber Schreck Registered Lobby on the issue Related to the Federal Trade Commission Scott SheffieldFormer CEO of Pioneer Natural Resources. Regulators last month accused Sheffield of conspiring with the Organization of the Petroleum Exporting Countries (OPEC) to jack up prices, but the company said its actions “reflect a fundamental misunderstanding […]
Oceans group takes UK government to court over oil and gas licences | Oil and gas companies
Marine conservation groups have filed a lawsuit against the UK government, claiming that the Conservative government’s decision to issue North Sea oil and gas licenses without considering the environmental impact was unlawful. Oceana UKThe Arctic Oceans and Marine Authority, part of the International Nature Conservancy, said that in issuing the 82 licences, Energy and Security […]
President Joe Biden prepared to use oil reserves again to lower gas prices
President Joe Biden is prepared to release more oil from the country’s strategic reserves if gas prices increase during summer. This is the latest plan by the Biden administration to counter higher prices at the pumps and the more expensive prices on various goods due to inflation. A Biden administration energy advisor suggested that gas […]
DAVID BLACKMON: Why Policymakers Should Reject The IEA’s Silly Peak Oil Notions
OPEC Secretary-General Haitham Al-Ghaith said in a statement posted on the organization’s website on Thursday that the concept of “peak oil demand” is nowhere to be found in the organization’s forecasts of future global crude demand. “[A]Looking to the future, the versatility of oil is what ensures that peak oil demand is not likely to […]
States’ greedy lawsuits against oil will hurt us all
Some US states and cities bring the action Or pass laws to abolish fossil fuel companies; Line one’s pocketsIn Hawaii Litigation Lawsuits against fossil fuel companies are pending in state supreme courts and the U.S. Supreme Court. Attorney General and Sub-jurisdiction They are suing fossil fuel companies. Recently, the Vermont Legislature invoice Demand that fossil […]
Less demand and stagnant oil prices has led to lower gas prices for drivers
Gas prices are down 2 cents since last week. (iStock) Good news for spring and summer travelers: gas prices continued to trend downwards this week, averaging $3.46 per gallon. Reported by AAAThat’s down 2 cents from last week and 15 cents from last month. Weak demand and an excess of gas are the two main […]
Crude Oil Price Forecast: Eyes Bullish Targets – FX Empire
Holds above 20-day moving average support The 20-day moving average is at 77.77. If crude oil closes above this line today, the upside objective will likely be reached. A move above today’s high will generate a signal for the continuation of the bullish trend. A test of the 200-day moving average at 79.96 appears to […]
Oil prices may rise to $86 a barrel on ‘solid summer demand’: Goldman Sachs
Stephen Moore, co-founder of the Committee to Unleash Prosperity, weighs in on how Biden’s energy policies will affect consumers and national security. Oil prices Goldman Sachs analysts said in a report that “robust summer demand” is expected to help oil prices rise to about $86 a barrel as the driving season heats up. Forecasts show […]
Colorado lawmakers urge EPA to review pollution permits at controversial Utah oil facilities
Two Colorado lawmakers are pressuring the Environmental Protection Agency (EPA) to scrutinize existing and proposed pollution permits for three oil-transportation facilities in Utah, where they worry the expansion could endanger residents and wildlife across state lines. The expansion of Wildcat Loadout, Price River Terminal and Savage Energy Terminal will increase oil export capacity in Utah’s […]
Oil Prices Start the Week With a Slight Gain but Uncertainty Remains – OilPrice.com
Crude oil prices started the week slightly higher on prospects of increased fuel demand during the summer driving season. The remainder of the session could still see volatility as strong U.S. employment data released last Friday is likely to have dented interest rate cut expectations and further improved demand. Bureau of Labor Statistics report Nonfarm […]