Oil prices jump in response to Trump’s Venezuela tariff threats
Crude oil prices jumped following US President Donald Trump’s announcement that he would impose 25% tariffs on Venezuela’s oil buyers. The West Texas Intermediate (WTI)…
Trump to impose 25-percent tariffs on countries that buy oil from Venezuela | Donald Trump News
US President Donald Trump has announced that any country that purchases oil or gas from Venezuela will face a 25-percent tariff in its trade with…
U.S. sanctions Chinese ‘teapot’ oil refinery, targets Iranian shadow fleet
Treasury Secretary Scott Bessent on Thursday called Iran the world's leading sponsor of terrorism. Photo by Yuri Gripas/UPI | License Photo March 20 (UPI) --…
Greenpeace must pay $660m to oil company over pipeline protests, jury says | Climate Crisis News
A jury in the United States has ordered Greenpeace to pay hundreds of millions of dollars in damages in a defamation lawsuit brought by oil…
Wednesday 19 March Oil Nationalisation Day in Iran
Western companies had been involved in the extraction of oil in Iran and other countries in the Middle East since extraction had become technically and…
First photo of oil tanker crew released
CrowleySome of the 23-strong crew of the Stena Immaculate oil tanker, which was in collision with the Solong cargo ship in the North SeaThe co-owners…
Crude oil prices rise as Red Sea tensions intensify after US strikes
Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the…
U.S. officials act to block illicit Iranian oil trade with China
1 of 2 | A petroleum platform operates off the coast of Iran in Persian Gulf waters (2011). The Department of State and Department of…
Qatar begins supplying natural gas to Syria through Jordan | Oil and Gas News
Qatar will provide 400 megawatts of electricity daily to Syria, where authorities have struggled with power generation.Qatar has begun providing natural gas to Syria through…
Jamaican reggae star, ‘Rocking Dolly’ singer Cocoa Tea dead at 65
Reggae singer and Jamaican national icon Cocoa Tea has died. He was 65.The singer, born Calvin George Scott, died Tuesday of cardiac arrest in Fort…
California Senate leader urges Dodgers to drop oil and gas advertisers
A leading member of the California Senate is urging Dodgers owner Mark Walter to end the team’s sponsorship deals with oil and gas companies, telling…
Canadian province slaps 25% tax increase on electricity exports to U.S. in response to Trump’s trade war
TORONTO — Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in…
Sentences reduced for Just Stop Oil activists who blocked London highway
The co-founder of British climate activist group Just Stop Oil had his sentence reduced for organizing a blockade of a major highway around London, a…
Trump Team Weighs Ending Oil Price Cap If Russia Talks Progress
Breadcrumb Trail LinksPMN BusinessAdvisers to President Donald Trump are sketching out potential Russia sanctions he could lift or tweak — including the oil price cap…
Oil Majors Got Favorable Arbitration Rulings in Kashagan Dispute
Breadcrumb Trail LinksPMN BusinessOil majors operating the giant Kashagan oil field received a pair of favorable arbitration rulings in multibillion-dollar disputes with Kazakhstan’s government over…
Kuwait Doubles Down On Oil Infrastructure And Investment
In January 2024, Khaled Al-Sabah, CEO of Kuwait Petroleum Corporation (KPC), unveiled an ambitious $30 billion investment plan aimed at boosting the emirate’s oil production…
Oil prices drop as OPEC+ agrees to gradually hike output from April
Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s…
Trump nixes Venezuelan oil concessions granted by predecessor Joe Biden | Donald Trump News
United States President Donald Trump has cancelled oil production concessions granted to Venezuela under his predecessor, Democrat Joe Biden. In a social media post on…
BP drops climate targets in pivot back to oil and gas | Oil and Gas News
BP slashes planned investment in renewable energy and is increasing annual oil and gas spending.Oil major BP says it has slashed planned investment in renewable…
BP announces boost in oil, gas production after falling profits
Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as part of…