Oil
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China’s state oil major CNOOC and shipping line Cosco were added to a military blacklist compiled by the United States for ties between Chinese businesses and the People’s Liberation Army. The black list, Bloomberg noted in a report on the news, classifies companies with ties to the Chinese army as military companies, and while such […]
Check out what’s clicking on FoxBusiness.com. The U.S. Chamber of Commerce and a top oil and gas industry trade group have filed a lawsuit against Vermont over its new law requiring that fossil fuel companies pay for damage the state attributes to climate change. The federal lawsuit, which was filed Monday, urges a state court […]
(Bloomberg) — Oil steadied in the first session of the new year as an industry report signaled US crude stockpiles continued to shrink. Most Read from Bloomberg Brent traded below $75 a barrel after giving up an earlier gain, and West Texas Intermediate was near $72. A report from the American Petroleum Institute showed inventories […]
NEW YORK — U.S. oil production rose 260,000 barrels per day month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year as drilling operations became more efficient, even […]
CNN  — Volunteers helping to clean up the oil spill on Russia’s Black Sea coast are appealing to Russian President Vladimir Putin for more assistance, as they grapple with environmental havoc across more than 35 miles of coastline. Two Russian tankers . . .
Crude oil prices were heading towards a weekly gain earlier today following an update from the World Bank on the growth prospects of the Chinese economy next year. Brent crude was trading at $73.18 per barrel at the time of writing, with West Texas Intermediate at $69.58 per barrel, after the World Bank revised upwards […]
The US president-elect, Donald Trump, has warned the EU that it will face trade tariffs on its exports to the US unless its member states buy more American oil and gas. Trump reignited fears of a looming trade war between the US and the EU in his first public statement regarding trade since he was
(Reuters) -U.S. President-elect Donald Trump said on Friday that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the world’s largest economy. “I told the European Union that they must make up their tremendous deficit with the […]
U.S. President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024. Brian Snyder | Reuters U.S. President-elect Donald Trump on Friday told the European Union it must reduce its trade gap with the U.S. through oil and gas purchases or face tariffs. “I told the European Union that they must […]
MOSCOW (Reuters) – An oil spill from damaged tankers has contaminated a long stretch of sandy beaches along the Russian Black Sea shoreline, polluting the air and threatening wildlife in one of the worst ecological disasters to hit the region in years.Around 4,000 volunteers have been cleaning beaches near the resort city of Anapa from […]