Texas company fined $18 million for oil work on California coast
SANTA BARBARA, Calif. — In an action cheered by state environmentalists, the California Coastal Commission has voted to fine a Texas-based oil firm $18 million for failing…
Oil prices tumble to four-year low as US-China trade war fuels recession fears
ADVERTISEMENTCrude oil prices fell for a fourth consecutive trading day on Tuesday, hitting their lowest levels in four years, as recession fears intensified amid a…
A Texas oil firm is pushing revive drilling off Santa Barbara
More than 50 years ago, a catastrophic oil spill along Santa Barbara’s coastline served to galvanize the modern environmental movement and also helped to usher…
Oil in Freefall Reorders Energy Landscape From US to Middle East
Breadcrumb Trail LinksPMN BusinessThe plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise…
Crude oil prices drop 6% as OPEC output rises and Trump’s tariffs hit
ADVERTISEMENTCrude oil futures slumped to near multi-year lows after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies announced a larger-than-expected production increase…
8 OPEC nations boost crude oil production by 411,000 barrels a day
Eight OPEC oil producing nations Thursday agreed to boost crude oil production by 411,000 barrels a day, lowering prices by 6%. The increase was much…
Big Oil Morphs Into Big Gas in China as EVs Slash Fuel Demand
Breadcrumb Trail LinksPMN BusinessChina’s energy giants are increasingly pivoting to natural gas to raise production, as demand for oil slows and global trade tensions heighten…
Gas pipeline leak sparks Malaysian inferno | Oil and Gas News
Leak in pipeline belonging to state-run Petronas sends fire spreading to villages during Eid public holiday.A leaking gas pipeline has sparked a huge fire on…
Crude oil markets retreat as economic concerns outweigh Trump’s tariff threats
Crude oil prices climbed on Monday amid US President Donald Trump’s threats to impose 25% to 50% tariffs on Russia’s oil. However, economic concerns may…
Trump ‘angry’ with Putin and threatens tariffs on Russian oil over Ukraine | Russia-Ukraine war News
Trump warns of 25 percent US tariffs on Russian oil, urging Putin to halt Ukraine bloodshed in tense diplomatic standoff.US President Donald Trump has said…
Trump Says He’s ‘Very Angry’ With Putin, Threatens Oil Penalties
Breadcrumb Trail LinksPMN BusinessPresident Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a…
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…