Oil - Page 4

On Mondayy’s broadcast of MSNBC’s “José Díaz-Balart Reports,” NBC News Correspondent Steve Patterson acknowledged that cuts in oil production are “one of the biggest contributing factors” in the recent spike in oil prices, but another major factor is “long-term, we’ve

On Wednesday’s broadcast of NPR’s “All Things Considered,” SOUTHCOM Commander Gen. Laura Richardson defended the U.S. buying oil from Venezuela by stating that when it comes to countries that want to deepen their ties to China, “you don’t turn away.

Iranian President Ebrahim Raisi paid a rare visit to Africa this week, with stops planned in Kenya, Uganda, and Zimbabwe. While in Uganda on Wednesday, Raisi praised President Yoweri Museveni for passing a law that increased punishment for homosexual activity, all the way up to capital punishment in some cases.

On Friday’s broadcast of the Fox News Channel’s “Special Report,” Rep. Jared Moskowitz (D-FL) stated that most of the oil money Iran gets is from China, and Iran has used the money to help Russia in its war in Ukraine

A fleet of Chinese warships made port in Nigeria on Sunday for a five-day visit, a rare show of Chinese naval strength in West Africa hailed by China’s ambassador as a “major event in the relations” between the two countries, and between China and Africa at large.

India once again broke its previous Russian oil import records in May, Reuters reported on Wednesday, buying 1.95 million barrels per day (bpd) that month. About 40 percent of the oil India imported in May came from Russia.

The Taliban’s “acting” central bank governor, Mullah Hidayatullah Badri, met with Chinese Ambassador Wang Yu on Thursday in Kabul to discuss “the economy, banking relations, business, and some related topics.”

China’s state-run Global Times on Tuesday accused the United States of plotting a “dirty energy gold rush” in Ukraine.

Petroleum Minister Musadik Malik of Pakistan confirmed on Monday that his country made a major purchase of Russian crude oil using the Chinese yuan currency, presented as a rare public relations victory for a government struggling to contain routine riots.

Saudi Energy Minister Prince Abdulaziz bin Salman said he “ignore[s]” concerns about the growing friendship between his country and China.

Chinese exports to the United States fell by 12.2 percent in May, a much larger drop than expected and the first net reduction since February.

On Wednesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” former Obama Deputy National Security Adviser Ben Rhodes said that President Joe Biden visiting Saudi Arabia after vowing to make them a pariah “sends kind of a message that if you have

CARACAS – Venezuela experienced at least 86 oil spills in 2022, an average of seven such accidents a month, according to a report published by the Venezuelan Observatory of Political Ecology (OEP) on Tuesday.

Saudi Arabia could be selling the EU Russian oil products at a major markup, effectively undermining the bloc’s sanctions, an MEP has suggested.

Socialist Venezuelan dictator Nicolás Maduro became the latest anti-American leader to forge ties with Saudi Arabia, receiving a warm welcome on Monday from Crown Prince Mohammed bin Salman in Jeddah the day before American Secretary of State Antony Blinken is set to arrive there.

Saudi Arabia announced a million-barrel-per-day (bpd) oil production cut on Sunday that would begin in July, a policy change following a meeting of the OPEC+ oil cartel in which several members failed to meet their production quotas and one, the United Arab Emirates (UAE), announced a production increase.

China is reportedly drilling a hole measuring 32,800 feet deep into the Earth’s crust in the Xinjiang region.

Data from two top ship tracking firms revealed that shipments of Russian crude oil to China and India, Russia’s top two buyers, rose by ten percent in May to hit record levels despite the Biden administration’s pleas to cut down on Moscow’s prodigious income stream by respecting sanctions and price caps.

Voice of America News (VOA) reported on Tuesday that while the international community is nervously monitoring the brutal war between factions of the Sudanese junta and scrambling to deal with the ensuing humanitarian disaster, Communist China is moving full speed ahead with plans to “advance its own interests” in Sudan’s oil and mineral resources.

Fred Zeidman, co-chair and director of the Council for a Secure America, slammed the Biden administration for its energy policy.

The International Energy Agency (IEA) on Thursday produced a report that found “clean energy” investments have skyrocketed during Russia’s invasion of Ukraine, driven by anxiety over volatile fossil fuel prices and the cutoff of oil and gas supplies from Russia.

The Chinese state-run Sinopec oil company signed a deal on Monday with the government of Sri Lanka that will allow it to conduct operations in the impoverished island nation for the next 20 years.

Climate change protesters were dragged away by security guards at oil company Shell’s annual shareholder meeting in London on Tuesday.

Chinese state media are touting the China-Central Asia Summit, held on Thursday and Friday in the historic northwestern Chinese city of Xian, as a counter to the Group of Seven (G7) gather of democracies in Japan this weekend.

On Tuesday’s broadcast of CNBC’s “Squawk Box,” Special Presidential Coordinator for Energy Security Amos Hochstein stated that having a price cap on Russian oil “has allowed us to keep Russian products on the market so supply is there” while limiting

India and Russia on Thursday suspended talks about using the Indian rupee as currency to settle their bilateral trade, greatly disappointing Indian importers who wanted Russia to embrace their national currency but reassuring Americans worried about the dollar losing its coveted position as the standard medium of international trade.

Russia and Ukraine struck each other’s energy infrastructure in a series of drone attacks overnight into Wednesday.

Far-left Canadian Prime Minister Justin Trudeau said this week his government is “very serious” about reviving nuclear power, specifically because it might cripple Canada’s oil and natural gas industry.

On Friday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Special Presidential Envoy for Climate John Kerry stated that wind and solar power will become “far more price competitive than oil and gas” if oil and gas companies see their costs rise

Officials within the European Parliament have demanded that the UK does not develop a major oil field in the North Sea.

The Premium Times of Nigeria on Tuesday published an update from the Nigerian government on its war against oil poachers. According to the Eastern Command of the Nigerian Navy, 27 smuggling vessels were captured over the past year, and 294 illegal refineries were located and shut down.

China’s state-run Global Times propaganda outlet celebrated on Tuesday the oil cartel OPEC+ announcing a significant cut in its production the day before, claiming it as a victory against “U.S. hegemony” and a “stern warning” to America that it had lost global influence.

The surprise decision on Monday by the oil cartel OPEC+ to dramatically cut crude production preceded indications from the administration of leftist President Joe Biden in late March that it was not interested in imminently refilling supplies depleted out of America’s Strategic Petroleum Reserves (SPR).

On Monday’s broadcast of CNBC’s “Last Call,” former Sen. Heidi Heitkamp (D-ND) stated that “we’re getting mixed messages at the highest level” on energy because President Joe Biden “says we’re not going to need oil in ten years, but yet,

The Wall Street Journal, citing a Japanese government source, claimed on Sunday that Japan is now buying Russian oil above the $60 per barrel cap imposed by the Group of Seven (G7) nations and Australia in December to keep Moscow from using massive oil profits to finance its invasion of Ukraine.

The Russian oil corporation Rosneft announced on Wednesday that it had come to an agreement with the government-owned Indian Oil Corporation to “substantially increase oil supplies as well as diversify the grades to India.”