Politics
Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran
Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia…
Tag
Oil
Politics
U.S. Supreme Court will decide if oil industry may sue to block California's zero-emissions goal
WASHINGTON — The Supreme Court opened the door Friday for a potential challenge to California’s long-standing authority to set stricter…
News
Alaska is a climate victim and a perpetrator. The next four years will only make matters worse
“I’m just waiting to start hearing methane explosions like they do in Russia,” says Bethel, Alaska, City Council Member Mark Springer.…
Politics
US mulls new russia oil sanctions to weaken Putin ahead of Trump
THE Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the…
News
Gulf of Mexico oil and gas leasing programme advances
The US Bureau of Ocean Energy Management (BOEM) has announced the availability of the draft programmatic environmental impact statement…
Politics
Oil flow to Czech Republic through Russia's Druhzba pipeline resumes after unexplained shutdown
PRAGUE (AP) — Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed after it was interrupted two days…
Politics
Chevron slows Permian growth in latest hurdle to Trump oil plan
CHEVRON plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that president-elect Donald…
Politics
Oil delivery to the Czech Republic from Russia through the Druhzba pipeline is interrupted
PRAGUE (AP) — Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has been interrupted, Czech officials said…
News
Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract
GENEVA (AP) — For the first time in Switzerland, a multinational company faces a criminal trial Monday on charges of bribing a foreign…
News
'Dying of thirst' as climate-driven floods mix with oil
Herders scooping murky water from a small pond in grasslands in South Sudan are well aware of the dangers they face if they drink it. "The…
Business
Investigations into Baltic Sea oil tanker blaze to begin Monday
Investigations into the cause of a fire on board a German oil tanker that prompted a major rescue operation are to be delayed until…
News
A fire on board an oil tanker off Germany's Baltic Sea coast has been extinguished
BERLIN (AP) — A fire that broke out on board an oil tanker off Germany's Baltic Sea coast has been extinguished, authorities said…
News
Burning oil tanker off German coast to be towed to port
An oil tanker on fire in the Baltic Sea off the coast of north-eastern Germany is to be towed to port, rescue officials said on Friday.…
News
Oil tanker on fire off German coast, major rescue operation under way
An oil tanker is on fire in the Baltic Sea off the coast of north-eastern Germany, the German Maritime Search and Rescue Service said on…
News
Oil, toil and ink: Africa's top shots
A selection of the week's best photos from across the African continent and beyond: From the BBC in Africa this week: Go to BBCAfrica.com…
Politics
How worried should I be about rising oil prices?
As the conflict across the Middle East widens, rising oil prices are being closely watched. The cost of oil affects everything from the…
Politics
Oil Price Rout Drives Russian Revenues to Seven-Month Low
(Bloomberg) -- Plunging oil prices helped drive Russia's revenues from crude sales to the lowest since February, highlighting the…
Business
Goldman Sachs: Only a quarter of Saudi Arabia’s $1 trillion capex plan will go into oil
In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by…
News
Oil spill hits beaches on Venezuela's northwest coast
An oil spill has dumped black sludge on beaches along Venezuela's northwestern coast and affected fishing in the area, residents and…
News
Oil and gas contract value momentum increases in Q2 2024
Global oil and gas contract activity boosted with Petrobras' key upstream contracts. The industry witnessed a significant 47% increase in…
News
Why Nigerians are praying for the success of a new oil refinery
A prayer was held a few months ago in Kano, a very religious city in northern Nigeria. It was organised to pray for the success of a huge…
Politics
Fire at a Russian oil depot as Russia and Ukraine exchange drone attacks
KYIV, Ukraine (AP) — An oil depot caught fire in Russia’s southwestern Rostov region Saturday following a Ukrainian drone attack in the…
Lifestyle
China is freaking out after discovering the 'open secret' that its cooking oil was ferried for years in chemical tanks that weren't cleaned
China was hit by another major food scandal, this time involving cooking oil in chemical tanks. State media found that tank trucks were…
Business
Spain eliminates sales tax on olive oil to help consumers cope with skyrocketing prices
MADRID (AP) — Spain will temporarily eliminate the sales tax on olive oil to help consumers cope with skyrocketing prices, the government…