The United States Department of Energy has issued an application for the purchase of approximately 3 million barrels of oil for delivery in June to replenish the strategic reserve, Azernews reports, citing…
Tag:
Oil
-
-
EnergyNewsSaudi ArabiaWorld News
Saudi Arabia’s Oil Production Cut Could Affect Alaska’s State Finances
by Blake Brooksby Blake BrooksAlaska’s state budget for the next fiscal year hasn’t even been signed into law yet, but its expectations for oil revenue may already be out of date. On Tuesday, the…
-
BusinessClimate ChangeEconomyEnvironmentFeaturedGlobal NewsNewsUnited States
Biden Backs $8 Billion Alaska Oil Project at Odds With Climate Agenda
by Eli Barkerby Eli BarkerPresident Joe Biden authorized a giant ConocoPhillips oil project in northwest Alaska that environmentalists argue has no place in a warming world, even as he sought to bar future drilling…
-
BusinessEconomyFeaturedGlobal NewsNewsPoliticsWorld News
Alaska Offshore Oil and Gas Lease Sale Attracts Only One Bid
by Blake Brooksby Blake BrooksAn offshore oil and gas lease sale covering waters off Alaska’s south-central coast generated just one bid. The lease sale, known as the Cook Inlet Oil and Gas Lease Sale…
-
BusinessEconomyFeaturedGlobal NewsUnited States
Valero Seeks U.S. Approval to Import Venezuelan Oil
by Travis Foxby Travis FoxValero Energy Corp VLO.N, the second-largest U.S. oil refiner, is seeking Washington’s permission to import Venezuelan crude, according to four people close to the matter, hoping for a repeat of the approval…
-
BusinessEconomyEnergyEnvironmentFeaturedGlobal NewsNewsUnited States
Shell Commits to Dover Project in U.S. Gulf of Mexico’s Deep Water
by Thomas Burkeby Thomas BurkeShell plc said on Wednesday it has taken a final investment decision on the Dover exploration field in the U.S. Gulf of Mexico, which it plans to develop as a below-sea connection…
-
BangladeshChinaIndiaNewsWorld News
India to offset China with oil pipeline to Bangladesh
by Blake Brooksby Blake BrooksThe India-Bangladesh cross-border pipeline will be inaugurated by Indian Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina on 18 March Dhaka: India will begin exporting diesel to neighbouring Bangladesh…
-
EconomyFeaturedGlobal NewsNewsRussia
Diesel prices fall in Europe despite ban on Russian fuel
by Travis Foxby Travis FoxEurope’s ban on Russia’s diesel arrived painlessly on Sunday. Although the EU cut off its biggest supplier, diesel futures prices in the bloc fell 1.6% on Monday, amounting to a…
