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U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.CNBC - Jan. 16 -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - Jan. 16 -
Has China already reached peak oil?
The country’s demand for crude seems to be plateauing sooner than expected. The implications are hugeFinancial Times - Jan. 16 -
Oil prices end higher as traders weigh demand prospects, supply risks
Oil futures settled higher Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the ...MarketWatch - Jan. 15 -
Big oil pushed to kill bill that would have made them pay for wildfire disasters
Legislation has new life in wake of Los Angeles catastrophe but US fossil-fuel industry is already mobilizing against it. In the year preceding the devastating Los Angeles county wildfires, big oil ...The Guardian - Jan. 15 -
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.The New York Times - Jan. 14 -
Oil ends lower after a 3-day rally lifted prices to their highest since August
Oil futures settled with a loss on Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry lifted crude prices to to their ...MarketWatch - Jan. 14 -
US oil group under pressure to exit Russia after Biden widens sanctions
Lawmakers tell SLB, better known as Schlumberger, to quit country or risk penaltyFinancial Times - Jan. 13 -
Oil futures settle at a 5-month high as U.S. tightens sanctions on Russian oil
U.S. and global benchmark crude-oil prices settled Monday at their highest since August as investors focused on the potential supply hit from further tightening of U.S. sanctions on Russia’s oil ...MarketWatch - Jan. 13 -
Oil Tycoon Harold Hamm Throwing an Inauguration Day Party
Harold G. Hamm, the founder of the Oklahoma-based Continental Resources, and other oil and gas companies stand to profit from Donald Trump’s energy policies.The New York Times - Jan. 13 -
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 -
Just Stop Oil activists spray-paint ‘1.5 is dead’ on Charles Darwin’s grave
Two women arrested on suspicion of criminal damage after protest at Westminster Abbey in London. Just Stop Oil (JSO) supporters have spray-painted “1.5 is dead” on Charles Darwin’s grave after ...The Guardian - Jan. 13 -
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Robert F Kennedy Jr claims seed oils are ‘poisoning’ us. Here’s why he’s wrong
Like a host of online influencers, the man likely to be the US’s next health secretary has denounced the vegetable oils used in countless foods. The science is not on their side . Seed oils are ...The Guardian - Jan. 13 -
Russia forms emergency task force as Kerch Strait oil spill continues to spread
An emergency task force has arrived in Russia’s southern Krasnodar region to deal with the continuing consequences of an oil spill in the Kerch Strait last monthABC News - Jan. 12 -
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Chris Riddell on Donald Trump pouring oil on to the climate crisis as Los Angeles burns – cartoon
The president-elect is obsessed with drilling for fossil fuels, not to mention taking control of Canada and Greenland and renaming the Gulf of Mexico. You can buy a copy of this cartoon ...The Guardian - Jan. 11 -
Germany battles to secure ‘Russian shadow fleet’ oil tanker adrift off northern coast
The Eventin was sailing from Russia to Egypt with 100,000 tonnes of oil when its engine failed and it lost ability to manoeuvre. Germany is battling to secure a heavily loaded tanker stranded off ...The Guardian - Jan. 11 -
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 -
Ukraine war briefing: Zelenskyy hails ‘significant blow’ of US-UK sanctions on Russian oil and gas revenues
Ukrainian president says the less Moscow earns from oil, ‘the sooner peace will be restored’; Kyiv claims attack on Russian military facility. What we know on day 1,053. See all our Ukraine ...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 -
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is targeting more than 180 Russian tankers.CNBC - Jan. 10 -
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 -
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and ...MarketWatch - 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 -
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between them was complete in 2021 and 2022, the federal government announced ...The Hill - Jan. 7 -
