Latest in Oil Industry
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UK made legal error in granting oil and gas licences, companies will admit
Rosebank and Jackdaw projects to be scrutinised in key case for future offshore fossil fuel projectsBusiness - Financial Times - November 11 -
U.S. oil benchmark settles below $70 a barrel on China stimulus disappointment
Oil futures settled at their lowest in nearly two weeks Monday following disappointing economic data from China, the world’s largest crude importer, and expectations for higher U.S. production once ...Business - MarketWatch - November 11 -
Trump energy allies anticipate boom times for oil, gas, mining
Former President Trump’s election victory has sent a jolt of enthusiasm through the fossil fuel and mining industries as they anticipate a favorable regulatory environment under his incoming ...Politics - The Hill - November 12 -
EPA implements climate law’s methane fee for oil and gas companies
The Environmental Protection Agency (EPA) issued a final rule Tuesday that implements a charge for oil and gas companies that release too much of the planet-warming gas methane. The fee was passed ...Politics - The Hill - November 12 -
E.P.A. to Charge Oil Companies First-Ever Methane Fee, but Will It Last?
The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas. Republicans may be able to repeal it.Top stories - The New York Times - November 12 -
Oil prices post first gain in 3 sessions, but demand concerns prevail
Oil futures finished higher on Tuesday, recouping a small portion of back-to-back losses driven by worries about the prospects for demand, which contributed to a retreat in the U.S. benchmark below ...Business - MarketWatch - November 12 -
How Russia’s energy minister plotted merger of country’s oil majors
Pitch by Sergei Tsivilev, a relative of Vladimir Putin, aimed to tighten oversight of Rosneft and nationalise LukoilWorld - Financial Times - November 13 -
COP29 host Azerbaijan hits out at West in defense of oil and gas
The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday.Top stories - NBC News - November 13 -
Oil prices end higher after tapping a 2-week low
Oil futures finished higher on Wednesday as traders weighed prospects for energy demand, U.S. production, and oil and gas drillers under the incoming administration of President-elect Donald Trump.Business - MarketWatch - November 13 -
As Archbishop, He Struggled to Unite the Anglican Church. His Tenure Ended in an Abuse Scandal.
Archbishop of Canterbury Justin Welby’s decadelong fight to drag the Church of England into the 21st century ended this week as the church agreed he should quit over his handling of a child-abuse ...World - The Wall Street Journal - November 13 -
Oil prices settle higher but stay on track for a weekly loss
Oil futures finished higher for a third consecutive session on Thursday, but prices remained lower for the week on the back of strength in the U.S. dollar and the latest forecast from the ...Business - MarketWatch - November 14