Monday, 10 February 2025

Focus on Oil

FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOil

Oil slips for first day in three ahead of Fed decision

Oil prices fall despite US inventories increase, with tensions in the Middle East and potential US interest rate cut looming over markets.

A rainbow appears to come down on pumpjacks drawing out oil and gas from wells near Calgary, Alta., Monday, Sept. 18, 2023. Observers are criticizing Alberta Energy Minister Brian Jean's suggestions on how the province might clean up its thousands of abandoned oil wells, saying they favour industry and lack input from the public. THE CANADIAN PRESS/Jeff McIntosh
EconomyEnvironmentLegislationNewsOilPoliticsRegulations

Critics slam Alberta oil well clean up suggestion for favoring industry, lacking public input

Critics say Alberta's oil well cleanup plan favors industry, lacks public input, and may use public funds unfairly.

People gather outside American University of Beirut Medical Center (AUBMC) as more than 1,000 people, including Hezbollah fighters and medics, were wounded when the pagers they use to communicate exploded across Lebanon, according to a security source, in Beirut, Lebanon September 17, 2024. REUTERS/Mohamed Azakir
BusinessElectionsEnvironmentIndustryNatural GasNewsOilPolitics

Energy execs say they believe VP Kamala Harris is indeed open to fracking

Top natural gas executives say they trust Kamala Harris's pledge to keep fracking, citing energy price concerns.

FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
BusinessEconomyNewsOilPolitics

US to seek six million barrels of oil for reserve, amid low oil price

The Biden administration will buy up to 6 million barrels of oil for the SPR, replenishing after a 2022 sale.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessEconomyNewsOilPolitics

Venezuela seeks 4-month pause in auction of shares in Citgo parent

Venezuela's lawyers requested a four-month pause on a U.S. court-ordered auction of Citgo shares, citing political turmoil.

Chevron CEO Michael Wirth gives the keynote address as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S., September 17, 2024. REUTERS/Callaghan O'Hare
BusinessNatural GasNewsOilPolitics

Chevron CEO hits Biden’s natural gas policies, says fuel is crucial for AI

Chevron CEO Michael Wirth criticized President Biden’s policies as "attacks on natural gas,” urging support for gas in AI growth.

FILE PHOTO: A worker walks by an oil well at the Toma South oil field to Heglig, in Ruweng State, South Sudan August 25, 2018. REUTERS/Jok Solomun/File photo
NewsOilPolitics

South Sudan ‘ready to restart pumping oil through Sudan’

South Sudan and Sudan have made progress towards restarting the pumping of South Sudan's crude oil to a Sudan port.

Figures show the UK oil and gas industry met its 2027 target for reducing overall ‘upstream’ emissions four years ahead of schedule (Andrew Milligan/PA)
Natural GasNewsOil

Oil and gas sector has made ‘significant progress’ on emissions – industry body

A report says the UK’s oil and gas industry has made “significant progress” in emissions reduction targets

FILE PHOTO: A general view of a deep-water oil platform in the Gulf of Mexico, January 17, 2014. REUTERS/Henry Romero/File Photo
Natural GasNewsOil

Fifth of US Gulf of Mexico crude oil and 28% of gas ‘offline’

Nearly a fifth of crude oil production and 28% of natural gas output in U.S. Gulf of Mexixo waters is offline after Hurricane...

FILE PHOTO: Russian President Vladimir Putin talks to journalists in Saint Petersburg, Russia September 12, 2024. Sputnik/Vyacheslav Prokofyev/Pool via REUTERS/File Photo
Critical MineralsFuelMineralsNewsOilPoliticsTrade

Putin’s commodities ban threat puzzles Russian firms and officials

Russian officials are perplexed by Putin's surprise threat to limit exports of strategic commodities in response to Western sanctions.

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