Oil Prices Under Pressure Despite Bullish Catalysts – OilPrice.com
Oil prices have fallen this week despite rising geopolitical risks, with markets primarily focused on Joe Biden’s decision to withdraw from the presidential race. – Asian oil markets saw a much-awaited recovery in trading after Dubai crude, the region’s main benchmark crude, fell sharply against Brent and WTI, making arbitrage trading from other continents almost […]
2 oil tankers catch fire off Singapore, navy rescues crews
Two oil tankers catch fire off Singapore coast, Navy rescues crew The Singapore Navy said it rescued crew members from two oil tankers that caught fire about 34 miles northeast of Pedra Branca Island on July 19, 2024. (Photo by Republic of Singapore Air Force/Republic of Singapore Navy/LCP Dylan Lau) The Singapore Navy said it […]
‘Fanatic’ Just Stop Oil Founder Jailed over Highway Disruptions in England
The co-founder of radical environmental groups Just Stop Oil and Extinction Rebellion has been given a long prison sentence along with four other environmental activists over motorway chaos in England. Roger Hallam, one of Britain’s most radical environmental activists, was convicted of conspiring to disrupt traffic in 2022 over the Just Stop Oil blockade of […]
Co-Founder Of Just Stop Oil Activist Group Sentenced To Years In Prison: REPORT
Roger Hallam, the 58-year-old co-founder of Just Stop Oil and Extinction Rebellion, was sentenced to five year in prison over conspiracy to organize illegal protests, Sky News reported Thursday. Judge Christopher Hehir also sentenced four other defendants to serve time four years in prison for the same act, the outlet reported. These sentences are thought […]
Zelenskiy to attend UK cabinet meeting in effort to disrupt Russian oil sales | Ukraine
Ukrainian President Volodomyr Zelenskyy is due to attend an emergency meeting of the British Cabinet on Friday to give fresh impetus to efforts to stop Russia from evading sanctions on oil exports. Zelenskiy will be the first foreign leader to visit Downing Street since Keir Starmer was elected prime minister two weeks ago and the […]
PM Starmer Tells Public to Reject ‘Snake Oil’ Populism
Britain’s new prime minister has called on people to reject the “masquerade of populism” as King Charles III outlined the Labour government’s legislative agenda for next year, which includes pushing for a total tobacco ban, doubling down on environmental efforts, attempting a “reset” of relations with the EU and advocating for the creation of a […]
EXCLUSIVE: Ted Cruz Unveils Bill Nixing Biden Regulation That’s Hamstringing Oil Development To Protect Tiny Lizard
Republican Texas Sen. Ted Cruz introduced a new bill to nix the Biden administration’s protections for a lizard species that critics argue will restrict oil and gas development. Cruz unveiled his Congressional Review Act (CRA) bill to walk back the Biden administration’s decision to protect the Dunes Sagebrush Lizard, a species that is indigenous to […]
Major Enviro Orgs Shack Up With Foreign Oil Giants To Industrialize The Ocean
Major environmental groups are partnering with foreign oil companies to industrialize New York’s oceans. Activist organizations, including the Sierra Club and the Natural Resources Defense Council (NRDC), have teamed up with foreign energy companies like Equinor and a subsidiary of TotalEnergies to proliferate offshore wind projects in the waters off of New York state. These […]
Oil prices tick down on worries about Chinese demand By Reuters – Investing.com
Investing.com — Gold prices rose in Asian markets on Tuesday, approaching new highs amid growing expectations that the Federal Reserve will start cutting interest rates from September. However, gold’s gains were limited by a firmer dollar, which strengthened on growing expectations that President Donald Trump will be re-elected. As of 00:46 ET (04:46 GMT), it […]
Oil and Gas Are Here To Stay – OilPrice.com
The energy transition has shown signs of losing momentum in recent months: EV sales are slowing, wind and solar capacity additions are not expanding fast enough, and electricity prices are rising instead of falling. Along with these signs, other signs are raising red flags: Despite the pressures on oil and gas, these will be here […]