‘Russia Will Still Have the Ability to Sell Their Oil’ Because We Want to Keep Energy Prices Down
On Friday’s episode of MSNBC’s “Katie Toole Report,” Deputy Treasury Secretary Wally Adeyemo said that even under the Biden administration’s latest sanctions, “Russia still has the ability to sell oil” and will ban exports of Russian oil. He said he had not. Avoid increased energy costs. “Russia will still have the ability to sell oil,” […]
Oil price cap is reducing Russian revenues, US analysis finds
Limits on the price of Russian oil by the United States and other countries are reducing the amount of money Russia can bring in, according to a Treasury analysis released Friday. its analysis discovered last month, this policy forced Russia to discount oil by $19 per barrel.As of Friday morning, oil is in regular barrels […]
Oil Companies Relinquish Last Pacific Coast Drilling Permits to Canada
Canadian Energy and Natural Resources Minister Jonathan Wilkinson said Wednesday that Chevron Canada’s voluntary surrender of 23 permits in February has left the energy company with the last remaining permit outstanding for oil and gas drilling off Canada’s Pacific coast. He said he returned the. “With these final permits, Natural Resources Canada has formally secured […]
Chicago sues oil companies for causing climate change
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Chicago sues oil companies for impacts of climate change
The city of Chicago on Tuesday sued six major oil companies and a major fossil fuel lobby, accusing them of funding and orchestrating a climate change denial campaign that directly affects city residents. In the lawsuit, the city accuses BP, Chevron, ConocoPhillips, Exxon Mobil, Phillips 66, Shell, and the American Petroleum Institute (API) of misleading […]
Bag of Cocaine Washes Up near Mystery Trinidad and Tobago ‘Ghost Ship’ Oil Spill
Authorities in Trinidad and Tobago said Sunday that plastic bags containing $75,000 worth of cocaine washed up on shore near the site where a mysterious boat capsized this month, causing an oil spill that affected about 10 miles of Tobago’s coastline. It was announced that the The discovery quickly sparked a new investigation to determine […]
Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out – CNBC
(L) Oil Pump Jack and (R) Gold Bars Getty Images If any of three possible catalysts occur, gold prices could rise to $3,000 an ounce and oil prices to $100 a barrel within the next 12 to 18 months, according to Citi. Gold, currently trading at $2,016, could rise by around 50% if central banks […]
Houthis Claim Another Strike on an Oil Tanker in the Red Sea
(AFP) – Yemen’s Iranian-backed Houthi rebels on Saturday claimed an attack on an oil tanker in the Red Sea the day before, the latest in a series of attacks that have led to retaliation from Britain and the United States. be. The Houthis claimed the ship was British-made, but the U.S. military later said it […]
Gas prices jolted up by 12 cents as Indiana oil refinery remains closed: AAA
Ohio saw the biggest increase of 30 cents. (iStock) Gasoline prices have hit their highest jump in recent months. Last week’s average price was $3.27, an increase of 12 cents from the previous week. AAA report found. The current national average gas price is 21 cents higher than this time last month, but 14 cents […]
Trinidad and Tobago Declares Emergency ‘Ghost Ship’ Oil Spill
Trinidad and Tobago declared a national emergency this weekend after a mysterious “ghost ship” caused a massive oil spill offshore, impacting the island nation’s coast. Authorities believe the ship capsized on Wednesday, but as of press time had little to say about the ship itself. Trinidad authorities found the ship abandoned, with no known owner […]