Focus on Oil
US federal appellate panel sends Michigan Line 5 pipeline challenge to state court
Michigan Attorney General Dana Nessel's lawsuit seeking to shut down part of a petroleum pipeline that runs beneath the Straits of Mackinac belongs...
Some Colonial Pipeline owners eye stake sales at $10 billion-plus company valuation, sources say
Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation...
Opinion: The world no longer needs new fossil fuels – and the UK could lead the way in making them taboo
Opinion: If governments stop new projects, the production and consumption of fossil fuel will gradually decline over coming decades as existing assets reach...
Trafigura agrees to pay $55 million to settle U.S. CFTC charges
A unit of global commodities trader Trafigura has agreed to pay a $55-million civil fine to settle U.S. Commodity Futures Trading Commission charges...
States sue US to block rule that oil firms guarantee payment to dismantle old wells
The Biden administration has proposed a rule that would require the offshore oil and gas industry to help cover the cost of dismantling...
LandBridge aims to raise up to $319 million in US IPO
LandBridge owns about 220,000 surface acres in the oil-rich Permian Basin
Analysis: Global gasoline refining margins slump on slow summer driving season
Oil refiners' profits are down as demand for U.S. gasoline is seasonally the lowest since 2021
Singapore intensifies oil spill clean up after it spreads along coast
Workers clean up the oil slick at Tanjong Beach in Sentosa, Singapore
