China’s Oil Buying Spree May Be Coming To An End
While the rest of the world continues to struggle with fuel demand recovery in fits and starts, China has been a key factor in supporting oil prices as it breaks Continue Reading
Millions of Americans face financial shock as benefits set to lapse in days
Millions of Americans will start losing critical financial support in the coming days as Republicans in Washington decide whether they will extend enhanced federal unemployment benefits as part of the Continue Reading
How Joe Biden Can Make $2 Trillion Clean Power Climate Plan Work
Joe Biden’s long-anticipated climate plan landed this week, and it contained big promises designed to please some of the presumptive Democratic nominee for president’s key constituencies. After four years of borderline denialism and regulatory rollbacks Continue Reading
Suit: North Dakota refinery developer owes workers wages
Some current and former employees of a company developing an oil refinery near Theodore Roosevelt National Park in North Dakota filed a lawsuit claiming they are owed wages and bonuses. Continue Reading
Hurricane season begins to awaken as forecasters eye warm waters
The Atlantic Ocean is waking up as the calendar closes in on August, with at least two storm systems to watch and a third area of tropical moisture soaking the Continue Reading
Weak Demand Forces Buyers To Cancel U.S. LNG Cargoes
Depressed global demand for liquefied natural gas (LNG) continues to drive buyers of U.S. LNG to cancel cargoes for loadings in September, sources in the industry told Reuters on Tuesday. Continue Reading
Another Major Bakken Pipeline Forced To Halt Operations
The high-profile case of the Dakota Access oil pipeline ordered shut earlier this month has overshadowed another legal dispute over a smaller pipeline carrying crude out of the Bakken shale Continue Reading
Study Envisions Up to 120,000 Well Reclamation Jobs
Orphaned and abandoned wells are those whose owners are unknown or insolvent. A federal program to plug nearly half a million orphaned and abandoned oil and gas wells could create Continue Reading
Prosecutor Seeks 8 Years Jail for Eni CEO on Bribe Charge
A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal. The court should reach Continue Reading
Coal Demise Forces $1 Billion Writedown for Swedish Utility
Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish Continue Reading