ConocoPhillips Buys Marathon Oil For $17.1B As Energy Prices Rise
A view of a Marathon gas station in Baltimore, Maryland, on May 29, 2024. US energy giant ConocoPhillips announced on May 29 that it would acquire fellow oil company Marathon Oil in an all-stock deal for $22.5 billion, with $5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo: […]
Biden’s pathetic oil release – Washington Examiner
President Joe Biden announced the release of a million barrels of gasoline from government reserves on Tuesday in an effort he said would “lower prices at the pump when folks need it the most.” Not only is the amount being released so infinitesimally small that it won’t have any effect on gas prices, but the […]
Fish oil supplements linked to greater first-time heart attack risk
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Oil Lobby Working With Republicans Behind The Scenes To Push ‘Gateway’ To Carbon Tax
America’s leading oil and gas trade group is working behind the scenes with moderate House Republicans to build support for a bill that critics say could lead to a domestic carbon tax, according to an email obtained by the Daily Caller News Foundation and sources familiar with the matter. On May 14, Chris Boness, the […]
Senate Democrats probe Trump’s campaign cash request to oil industry
Senate Democrats have said they will investigate former President Trump’s solicitation of $1 billion in campaign contributions from the oil industry. On Thursday, Sens. Ron Wyden (D-Ore.) and Sheldon Whitehouse (D-Ind.), the chairs of the Finance and Budget committees, announced they would investigate a request made by President Trump at a campaign event at Mar-a-Lago […]
Oil Prices Set for Another Weekly Loss as Traders Focus on U.S. Interest Rates – OilPrice.com
Oil prices are on a downward trend again this week, with Brent crude expected to fall by around 3% over the weekend. Reutersand West Texas Intermediate are set to fall about 4% unless there is a last-minute reversal by the end of the day today. Crude oil prices are trading at their lowest levels in […]
Companies agree to $2M payout in Atlantic oil dumping case
Two shipping companies have agreed to plead guilty to federal charges related to a New Orleans-bound ship dumping oil into the Atlantic Ocean last year and pay $2 million in fines. New Mexico reaches record settlement with company over natural gas flaring The companies, Prive Overseas Marine LLC and affiliate Prive Shipping Denizsilik Tikaret, were […]
Oil Falls on Small Crude Inventory Build – OilPrice.com
Oil prices fell today after the U.S. Energy Information Administration report Inventories are expected to rise by 1.8 million barrels in the week ending May 17. This compares with a decline of 2.5 million barrels the previous week, which boosted the benchmark after API estimates suggested a similar decline last week, the second straight week […]
Fish oil may increase risk of heart conditions and stroke, study finds | Fish oil
According to , fish oil supplements can increase the risk of developing heart disease and stroke, but may reduce the risk for people who already have cardiovascular disease. the study. Fish oil is a rich source of omega-3 fatty acids. The NHS recommends: Eat fatty fish at least once a week It helps prevent the […]
Biden Interior Department Cuts Off Navajo Nation From Oil And Gas Development
In May, the Navajo Nation rejected the Biden administration’s plan to withdraw 351,000 acres from consideration for oil and gas leases. President Joe Biden’s Department of the Interior took another step this week to lock up 30 percent of the nation’s land and waterways by 2030. On Friday, Interior Secretary Deb Haaland announced a […]