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.”
Genocidal Chinese dictator Xi Jinping reiterated his commitment to cooperation with Saudi Arabia in a phone call to Saudi Crown Prince Mohammed bin Salman on Tuesday, following multiple announcements from Saudi state oil company Aramco of major investments in China this weekend.
CARACAS, Venezuela – The sudden resignation this week of Tareck El Aissami, one of the most powerful people in the Venezuelan socialist regime, has shaken the core of dictator Nicolás Maduro’s inner circle.
Chinese dictator Xi Jinping and his Russian junior partner Vladimir Putin emerged from meetings in Moscow on Tuesday to issue various declarations and joint statements. One of them expressed “serious concern” about the “military biological activities” of the United States and demanded “clarifications” from the U.S. government.
China’s state-run Global Times on Monday boasted that Chinese companies are taking a leading role in the reconstruction of Iraq, making money and spreading Beijing’s influence in a country the United States spent blood and treasure to liberate from the tyranny of Saddam Hussein two decades ago.
The government of Saudi Arabia dramatically increased purchases of Russian diesel fuel this month, apparently for use at home while selling more expensive Saudi oil abroad, reports indicated this week.
CARACAS, Venezuela – Tareck El Aissami, one of the socialist regime’s most powerful figureheads, resigned from his position as the country’s oil minister on Monday.
Saudi Energy Minister Prince Abdulaziz bin Salman enthusiastically opposed policies to cap oil prices – apparently in reference to Western price caps on Russian oil – in an interview on Tuesday and asserted that Riyadh would not sell oil to any country that capped its oil’s price.
During an interview with Comedy Central’s “Daily Show” released on Monday, President Joe Biden bragged that his administration is “going faster than anyone’s ever gone” on climate and that he has barred offshore oil drilling, but acknowledged that we will
Climate activists reacted with equal measures of anger and despair Sunday at the news oil giant Saudi Aramco achieved record profits totalling $161.1 billion last year as global demand for fossil fuels shows no sign of abating anytime soon.
The Venezuelan socialist regime’s Oil Minister Tareck El Aissami announced on Monday that Igor Sechin, the head of the Russian state-oil corporation Rosneft, agreed to aid in boosting Venezuela’s crude oil production and advancing new “business opportunities” between both countries.
Russian state-oil corporation Rosneft’s CEO Igor Sechin visited Cuba over the weekend to meet Castro regime figurehead President Miguel Díaz-Canel and discuss “mutual collaboration.”
Andrii Yermak, head of Ukrainian President Volodymyr Zelensky’s office, announced on Sunday that the Kingdom of Saudi Arabia will provide $400 million in aid to Ukraine, including $300 million in oil products plus $100 million in humanitarian assistance.
On Wednesday’s broadcast of “CNN This Morning,” White House Senior Adviser and Infrastructure Implementation Coordinator Mitch Landrieu responded to a question on whether President Joe Biden thinks the United States might need to depend on fossil fuels for longer than
Iran’s state-owned National Iranian Oil Refining and Distribution Company (NIORDC) will soon begin to revamp Venezuela’s largest refining complex to restore its lost crude distillation capacity after years of socialist mismanagement, according to a report published by Reuters on Monday.
India has found a way to profit greatly from Russia’s sanctions situation, purchasing cheap Russian crude and using its tremendous refining capacity to sell America and Europe gasoline and diesel, Bloomberg News revealed on Sunday.
A bipartisan group of senators introduced legislation on Wednesday that would bar the Biden administration from selling oil from the American emergency oil reserves to China.
The Nigerian military announced on Thursday that its anti-piracy operation destroyed 39 illegal oil refineries over the past two weeks, recovering large quantities of stolen oil along with vehicles and weapons used by the thieves.
Ugandan President Yoweri Museveni on Tuesday held a commissioning ceremony for the first of four massive oil rigs operated by the China National Offshore Oil Corporation (CNOOC).
Energy Minister Irene Vélez of Colombia confirmed on Thursday that the South American nation will stop awarding new oil and gas exploration contracts, a decision that she described as “absolutely urgent.”
Saudi Arabian Finance Minister Mohammed al-Jadaan said on Tuesday that his government is willing to consider alternatives to the U.S. dollar for international trade.
Speaking from Davos, the BlackRock CEO says the attacks on ESG have become personal and ugly.
India’s power ministry is projecting an eight-percent surge in coal demand during the next fiscal year after renewables underperformed by nearly 30 percent in 2022, while India’s imports of discounted Russian oil surged by an amazing 33 times year-on-year in December.
Britain is increasing purchases of Indian oil amid the Western sanctions war with Russia – but much of it is likely refined from Russian product sold to India at a discount.
On Friday’s broadcast of Newsmax TV’s “Spicer & Co.,” Rep. Cliff Bentz (R-OR) discussed the bill passed by the House to ban the export of oil from the United States Strategic Petroleum Reserve to China and pointed out that House
China’s trade deficit with Russia tripled in 2022, a report revealed on Friday, thanks in part to skyrocketing energy prices that made Russia’s discounted oil and gas irresistible to Chinese buyers.
During an interview with Bloomberg on Thursday, White House Council of Economic Advisers Chair Cecilia Rouse stated that the Strategic Petroleum Reserve (SPR) is “designed for” an emergency and so therefore, it is “irresponsible” for Republicans in Congress to limit
The Supreme Court of the Philippines invalidated a 2005 agreement on Tuesday between the Philippines, Vietnam, and China that would have allowed a Chinese government corporation to explore for oil in Filipino waters, unconstitutionally exploiting the country’s national resources.
On Tuesday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Montana Attorney General Austin Knudsen (R) reacted to a report by the Department of Energy that President Joe Biden axing the Keystone XL pipeline killed American jobs by stating
On Friday’s broadcast of Bloomberg’s “Surveillance,” Labor Secretary Marty Walsh stated that he hasn’t “necessarily had a side” in the Willow oil project in Alaska that is supported by labor unions and opposed by environmental groups and that he’s not
The Taliban’s “acting” Minister of Mines and Petroleum, Shahabuddin Delawar, on Thursday signed a deal with China’s Xinjiang Central Asia Petroleum and Gas Co. to exploit the Amu Darya oil field in northern Afghanistan.
India’s External Affairs Minister S. Jaishankar, the nation’s top diplomat, excoriated European countries doing business with Russia in an interview on Monday, asking why pro-Ukraine nations on the continent continued to purchase Russian fossil fuels after Moscow escalated its war with the country in February.
The outlook for the energy sector in Texas is somewhat pessimistic as concerns about a recession limit the oil price that some explorers were hoping for, a survey from the Federal Reserve Bank of Dallas found.
In response to Western price caps on Russian oil, President Vladimir Putin on Tuesday banned the export of oil to the United States and other Group of Seven and European Union nations.
GasBuddy warned American consumers on Tuesday that gas prices under the Biden administration could return to $4 a gallon as early as May 2023.
Police offices in Colombia are documenting “extreme” environmental damage, Reuters reported on Friday, caused by thieves who steal oil from pipelines to create an ugly improvised fuel called pategrillo.
Saudi Arabia’s state oil company Aramco announced on Sunday that it has signed a deal with Chinese analog China Petroleum and Chemical Corporation (Sinopec) to build an oil refinery in southeast Fujian province, helping secure a stable and affordable supply of gasoline and other fuels in China.
The cause of the leak is not yet known.
