The Environmental Protection Agency’s proposal to stop greenhouse gas reporting for big polluters could save oil and gas companies up to $256 million a year, but some companies warn it could hurt their business. Axing the Greenhouse Gas Reporting Program could jeopardize oil and gas firms’ ability to claim tax credits and hurt companies selling …
Why Big Oil Is Asking EPA Not to Cut its Polluter Reporting Program Read More »
By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The US will consume an annual average of 20.59 million barrels of oil a day in 2025, the highest in 18 years, according …
(Reuters) – The Trump administration on Thursday announced a series of steps to open up Alaskan wilderness to energy and infrastructure development, including by resuming oil and gas leasing in the remote Arctic National Wildlife Refuge. The Interior Department said in a statement that it will reopen the full 1.5-million-acre (0.6-million-hectare) Coastal Plain of the …
US Reopens Alaska Wildlife Refuge to Oil and Gas Development Read More »
(Reuters) – President Vladimir Putin said on Thursday that Moscow would never bow to pressure from the United States or any other foreign power, and cautioned that it would deliver an “overwhelming” response to any military strikes deep inside Russia. U.S. President Donald Trump on Wednesday hit Russia’s two biggest oil companies with sanctions in …
Putin Says Russia Will Never Bow to US Pressure, Warns on Missiles Read More »
Here is a summary of some of the thousands of international sanctions imposed on Russia over its invasion of Ukraine. ENERGY COMPANIES – U.S. President Donald Trump placed sanctions on Russian oil giants Rosneft and Lukoil on October 23, giving other companies until November 21 to wind down transactions with them. On October 9, Washington …
What International Sanctions Have Been Placed on Russia? Read More »
(Reuters) – OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on Russian oil majors, Kuwait’s oil minister said on Thursday. In a sharp policy shift, U.S. President Donald Trump targeted Russia’s largest oil companies, Lukoil (LKOH.MM) …
(Reuters) – Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country’s Midwest region, the technology company said on Thursday. Big Tech’s plans to expand technologies like generative artificial intelligence, which will …
Google Backs US Gas Power Plant With Carbon Capture for Midwest Data Centers Read More »
(Reuters) – The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a tight market in the near term, erasing earlier signs of a fear of a glut. The first-month Brent contract is now trading at near $2 …
Oil Futures Return to Structure Signalling Tight Supply on Russia Sanctions Read More »
Summary U.S. imposes sanctions on Russian producers Rosneft, Lukoil India is biggest buyer of seaborne Russian oil since Ukraine war Russian oil purchases a key Trump irritant in India trade talks Reliance plans to halt imports under Rosneft deal – sources (Reuters) – Indian refiners are poised to sharply curtail imports of Russian oil to …
India Poised to Sharply Cut Russian Oil Imports After U.S. Sanctions Read More »
U.S. President Donald Trump imposed sanctions on Russia’s two largest oil companies, marking a significant escalation in his efforts to starve Moscow of vital revenue to fund its war in Ukraine. The effectiveness of these measures – which target Russia’s Lukoil and Rosneft – will, however, hinge on Trump’s willingness to enforce secondary sanctions and …
Trump’s Russian Oil Sanctions Gambit Will Test His Tolerance for Pain: Bousso Read More »
