Latest in Major Oil
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Supreme Court allows Honolulu lawsuit against oil companies to proceed
The U.S. Supreme Court on Monday rejected a request by oil companies to dismiss a lawsuit by the city of Honolulu seeking to hold them responsible for the impacts of climate change. The defendants ...The Hill - Jan. 13 -
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Iran Races to Sell Oil Stored in China
Tehran has shipped out nearly 3 million barrels to raise money that could be used to shore up its allied militias in the Middle East.The Wall Street Journal - Jan. 11 -
Los Angeles is on fire and big oil are the arsonists | Tzeporah Berman
Every barrel of oil, every cubic meter of gas, and every ton of coal burned brings us closer to environmental catastrophe. Apocalyptic flames and smoke are raging through southern California in ...The Guardian - Jan. 11 -
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US and UK toughens sanctions on Russian oil industry
The actions are aimed at cutting off revenue Moscow is using to fund its war in Ukraine.BBC News - Jan. 11 -
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for ...MarketWatch - Jan. 10 -
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Biden administration imposes toughest sanctions on Russian oil and gas
Measures targeting Russian energy sector attempt to leverage peace deal for Ukraine in Trump administration. The Biden administration on Friday imposed its broadest package of sanctions yet ...The Guardian - Jan. 10 -
US imposes wide-ranging sanctions on Russian oil sector
Move by outgoing Biden administration made in co-ordination with UKFinancial Times - Jan. 10 -
Oil futures end higher, with Brent turning up for the week
Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the outlook for demand.MarketWatch - Jan. 9 -
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Trump will struggle to drive down oil prices
Energy production in the US will rise but more of the output will be gassyFinancial Times - Jan. 9 -
Biden approves major disaster declaration for California wildfires
Multiple fires are burning in the Los Angeles area, forcing thousands to flee their homes and destroying hundreds of buildings. President Biden approved a major disaster declaration Wednesday ...CBS News - Jan. 8 -
Alaska sues Biden administration over restrictions on arctic oil, gas development
The state of Alaska on Wednesday sued the Biden administration over restrictions the federal government imposed in December on oil and gas leases in the Arctic set for auction this week. The ...The Hill - Jan. 8 -
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.MarketWatch - Jan. 7 -
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Nigeria’s Seplat moves in to fill gap as foreign oil companies retreat
Buyer of ExxonMobil’s assets in the west African country wants to double production within six monthsFinancial Times - Jan. 7 -
Biden Bans New Oil and Gas Drilling Along Most U.S. Coasts
The ban affects the entire Eastern Seaboard, the Pacific Coast along California, Oregon and Washington, the eastern Gulf of Mexico and the Northern Bering Sea.The New York Times - Jan. 6 -
Dozens of marine mammals found dead after oil spill
An animal rescue group said 61 dead cetaceans - an order of aquatic mammals that includes whales and dolphins - had been recorded since the oil spill.CBS News - Jan. 6 -
Trump’s ambitious oil plans will not derail Russia
It would still be very disruptive to try to embargo Russian oil from the world markets altogetherFinancial Times - Jan. 6 -
Full interview: Senate Majority Leader John Thune
Margaret Brennan spoke with Sen. John Thune (SD-R) in his first sit down interview as Senate Majority Leader. Watch Margaret Brennan's full interview with Sen. Thune here, a portion of which aired ...CBS News - Jan. 5 -
Crimea officials declare emergency as oil spill reaches Sevastopol
Fuel oil spilled out of two storm-hit tankers three weeks ago in Kerch Strait.ABC News - Jan. 4 -
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‘Ironic’: climate-driven sea level rise will overwhelm major oil ports, study shows
Ports including in Saudi Arabia and the US projected to be seriously damaged by a metre of sea level rise. Rising sea levels driven by the climate crisis will overwhelm many of the world’s biggest ...The Guardian - Jan. 4 -
Midwest, East to be hit by major winter storm
The first major winter storm of the season is expected to bring snow and ice from the Central Plains to the East Coast, along with bone-chilling temperatures. Rob Marciano has the latest.CBS News - Jan. 3 -
Major airlines offer storm waivers to passengers ahead of winter storm
American, JetBlue, Southwest and United are offering passengers waivers to reschedule flights ahead of Winter Storm Blair.CBS News - Jan. 3 -
New Senate Majority Leader Thune: Speaker Johnson has 'really tough job' with slim majority
New Senate Majority Leader John Thune (R-S.D.) tells Kristen Welker he is confident he and Speaker Mike Johnson (R-La.) will have a “strong working relationship” and hopes the GOP-controlled ...NBC News - Jan. 3 -
Oil prices score weekly gains, buoyed by China policy support
Oil futures posted solid gains in a holiday-shortened week, buoyed by expectations of further stimulus in China, the world’s largest crude importer, to boost its sputtering economy.MarketWatch - Jan. 3 -
U.S. House ushers in a tiny Republican majority to tackle enormous tasks in 2025
A new Congress starts Friday with a long to-do list for Donald Trump’s second term: keeping the government open, raising the debt ceiling, immigration and taxes.NBC News - Jan. 3 -
GOP majority begins 119th Congress with lengthy list of priorities
With newfound control of both chambers of Congress, Republican leaders are touting a list of priorities that they aim to quickly address, like immigration and taxes.CBS News - Jan. 3 -
Biden Expected to Permanently Ban Oil Drilling in Some Federal Waters
The move, expected as early as Monday, relies on a 70-year-old law that could make it difficult for the Trump administration to reverse it.The New York Times - Jan. 2 -
Power is restored to nearly all of Puerto Rico after a major blackout
BAYAMÓN, Puerto Rico — Power was restored to nearly all electrical customers across Puerto Rico on Wednesday after a sweeping blackout plunged the U.S. territory into darkness on New Year’s Eve.NBC News - Jan. 2 -
Lenny Randle, ‘Most Interesting’ Major Leaguer, Is Dead at 75
His career was defined by bizarre episodes — blowing a rolling ball foul, knocking down a pitcher and being at bat when the lights went out in New York City.The New York Times - Jan. 2 -
Power is restored to nearly all of Puerto Rico after a major blackout
Electric power has been restored to nearly all affected customers across Puerto Rico after a sweeping blackout plunged the U.S. territory into darkness on New Year’s EveABC News - Jan. 1 -
Lenny Randle, major leaguer repeatedly in the spotlight for 12 seasons, dies at 75
Lenny Randle, a big league player for 12 seasons who spoke five languages, performed stand-up comedy, was dubbed “The Most Interesting Man in Baseball” and was suspended for punching his Texas ...Yahoo Sports - Jan. 1
