Latest in Oil Climate
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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 - 5d -
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 - 5d -
The solicitor general climate change briefs that didn’t bark
This failure exposes the weakness of the Biden administration’s position supporting the climate change plaintiffs.The Hill - 5d -
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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 - 6d -
Oil ends lower as signs of strong demand for Mideast crude fail to feed recent rally
Oil futures settled with a loss on Monday, with hopes for further economic stimulus from China and signs of strong demand for Middle Eastern crude failing to support prices in the wake of a ...MarketWatch - 6d -
Biden bans new offshore oil and gas drilling along most of US coastline
Action will protect 625mn acres of ocean as outgoing president seeks to bolster environmental legacyFinancial Times - 6d -
Exodus by Wall Street Banks From Climate Group Worries Advocates
The end of the year saw five of the six largest U.S. banks leave the Net-Zero Banking Alliance, as conservative pressures discouraged their climate change policies.Inc. - 6d -
Climate change is hampering US apple quality and output: Study
Many of the nation's biggest apple-generating regions are confronting challenges in crop growth and development, due to the impacts of a changing climate, a new study has found. While apple ...The Hill - 6d -
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 - 6d -
Biden bans new offshore oil and gas drilling in most U.S. coastal waters
President Biden is taking executive action to protect more than 625 million acres of the American ocean from offshore drilling, the White House announced.CBS News - 6d -
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 - 6d -
Why climate activists are becoming more radicalized (and why that’s not a bad thing)
So, how can we make sense of what comes next for the climate movement by looking back to the Civil Rights Movement?The Hill - 6d -
Biden to block all future oil drilling in 625 million acres of US oceans
President Joe Biden's landmark decision falls under the Outer Continental Shelf Lands Act.ABC News - 6d -
Climate crisis ‘wreaking havoc’ on Earth’s water cycle, report finds
Global heating is supercharging storms, floods and droughts, affecting entire ecosystems and billions of people. The climate crisis is “wreaking havoc” on the planet’s water cycle, with ferocious ...The Guardian - 6d -
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 -
More than 30 dolphins have died since an oil spill near southern Russia, experts say
A dolphin rescue center in Russia says 32 dolphins have died since fuel oil spilled out of two storm-stricken tankers three weeks ago in the Kerch Strait near the Russia-occupied Crimean PeninsulaABC News - Jan. 5 -
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Oil tanker boss says UN maritime body ‘sleeping’ over dark fleet threat
Lars Barstad of Frontline insists it is ‘only a question of time’ before a significant maritime disaster takes placeFinancial Times - 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 -
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 -
Climate group calls for Biden to pardon activists for museum demonstrations
An international climate advocacy organization called on President Biden to pardon four activists charged with felonies in connection with climate demonstrations before leaving office. Two of the ...The Hill - Jan. 3 -
Trump says Britain is 'making a very big mistake' with windfall tax on North Sea oil producers
U.S. President-elect Donald Trump on Friday called on Britain to "open up" the North Sea and get rid of "windmills."CNBC - Jan. 3 -
‘A look into the future’: TV drama about Danish climate refugees divides opinion
Families Like Ours has become national talking point but some scientists say events depicted could not happen. Featuring scenes of huge crowds boarding ferries, protest and desperation as six ...The Guardian - Jan. 3 -
Biden administration adds exemptions into new climate rules for hydrogen energy
The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less ...The Hill - Jan. 3 -
Transcript: Climate change is coming for your Bordeaux
Sonja Hutson talks to Will Schmitt and Susannah SavageFinancial Times - 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 -
Oil prices end higher to kick off 2025, boosted by a stronger demand outlook
Oil futures began 2025 on a positive note, boosted by expectations for stronger demand.MarketWatch - Jan. 2 -
Morgan Stanley to exit global climate coalition
Morgan Stanley on Thursday announced its departure from a coalition of banks that aims to target net-zero emissions through lending and investment, the fifth group to do so in recent weeks. “Morgan ...The Hill - Jan. 2 -
The solicitor general’s misguided endorsement of state-driven climate lawsuits
U.S. Solicitor General Elizabeth Prelogar has urged the Supreme Court to allow climate lawsuits, such as one brought by Honolulu, to proceed under state tort law, despite past federal precedent and ...The Hill - Jan. 2 -
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Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
Russian officials have warned of severe environmental damage as thousands of people came out to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two weeks ago in ...ABC News - Jan. 1 -
