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No OPEC oil shakeup as Russian price cap stirs uncertainty

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FRANKFURT, Germany (AP) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty ...
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Russia rejects $60-a-barrel cap on its oil, warns of cutoffs

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KYIV, Ukraine (AP) — Russian authorities rejected a price cap on the country’s oil set by Ukraine’s Western supporters and threatened Saturday to stop supplying the nations that ...
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EU reaches deal for $60-per-barrel price cap on Russian oil

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BRUSSELS (AP) — The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the ...
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EU strikes deal on oil price cap to starve Russia’s war machine

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The EU on Friday joined the G7 in agreeing a cap on the price of Russian oil to starve the Kremlin of resources for its Ukraine war, as ...
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EU edges closer to $60-per-barrel Russian oil price cap

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BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver ...
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A price cap on Russian oil at $65-$70 isn’t low enough reduce Moscow’s revenue, RBC’s Helima Croft says

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Russian President Vladimir Putin.Mikhail Svetlov/Getty Images A Russian oil price cap at $65 to $70 a barrel is already about where Moscow is selling its crude, according to ...
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Russian Oil Price Cap at $65-$70 Won’t Cut Moscow’s Revenue: Helima Croft

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A Russian oil price cap at $65 to $70 a barrel is already about where Moscow is selling its crude, according to RBC’s Helima Croft.  That means a ...
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Houthi drones attack ship at oil terminal

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SANAA, Yemen (AP) — Yemen’s Houthi rebels targeted a ship at an oil terminal in the south of the country on Monday, the internationally recognized government said, in ...
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Official says oil tanker hit by bomb-carrying drone off Oman

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DUBAI, United Arab Emirates (AP) — An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened ...
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New Mexicans demand stronger methane rules on oil and gas amid UN COP27 climate summit

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Tougher controls on oil and gas methane emissions could mean cleaner air in New Mexico’s oilfields and across the U.S. The Environmental Protection Agency announced Friday during the ...
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Biden tightens methane emissions rule amid push for more oil

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SHARM EL-SHEIKH, Egypt (AP) — The Biden administration is ramping up efforts to reduce methane emissions, targeting the oil and gas industry for its role in global warming ...
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US Offers Bounty for Singaporean Over North Korea Oil Shipments

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(Bloomberg) — The US Department of State on Thursday issued a $5 million bounty for information on a Singaporean businessman who broke international sanctions by transporting fuel to ...
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Hezbollah, Iranian oil smuggling network hit with sanctions

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WASHINGTON (AP) — The U.S. on Thursday imposed sanctions on a group of individuals, firms and vessels connected to an oil smuggling outfit said to benefit the Lebanese ...
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US offers reward for Singaporean over N.Korea oil shipments

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The United States on Thursday offered $5 million to track down a Singaporean businessman accused of violating sanctions on North Korea, including through oil shipments on a tanker ...
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Uganda-Tanzania oil pipeline sparks climate row

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A sign in Chongoleani warns against trespassing on land set aside for the oil pipeline project Uganda and Tanzania are set to begin work on a massive crude ...
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Nigeria’s stolen oil, the military and a man named Government

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Officials didn’t have to dig deep to uncover one of the hidden pipelines A network of illegal oil pipelines being unearthed in Nigeria’s Niger Delta region has revealed ...
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Yemeni rebel drones target oil ship in government-run port

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SANAA, Yemen (AP) — Yemen’s Iran-backed rebels said they targeted a cargo ship Friday off an oil terminal in the war-wrecked Arab country’s south to prevent their rivals, ...
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Pledge goal reached for averting oil disaster off Yemen

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WASHINGTON (AP) — The United Nations said Monday it has finally reached a pledging goal to raise money to remove 1 million barrels of oil from a long-stranded ...
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EU Confronts Opponent Within, Who’s Bolstered by Putin’s Oil

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(Bloomberg) — The European Union unleashed an unprecedented punishment on one of its own, signaling that patience has worn out with Hungary — and Prime Minister Viktor Orban’s ...
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Cold War Relic Threatens Plans to Ditch Russian Oil (Repeat)

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(Bloomberg) — This story was originally published on May 18. Today the German government announced it’s seizing Rosneft PJSC’s German unit, including control of a key refinery on ...
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Germany Takes Control Over Rosneft Unit to Secure Oil Supplies

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(Bloomberg) — Germany is taking control of Russian oil major Rosneft PJSC’s German unit, including stakes in three oil refineries, as Chancellor Olaf Scholz’s government reacts to the ...
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Congress Committee Says Documents Show Big Oil Greenwashing

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(Bloomberg) — A Democrat-led Congressional Committee said internal documents from Exxon Mobil Corp., Chevron Corp., Shell Plc and BP Plc reveal that their public promises to fight climate ...
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US Department of Energy Says Its Oil Purchase Plan Doesn’t Include Trigger Price

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(Bloomberg) — The Department of Energy says its plan to restock the nation’s emergency oil supply doesn’t include a trigger price, and that such deliveries aren’t likely to ...
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Biden May Buy Oil Just Below $80; Democrats Stymied Trump at $24

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(Bloomberg) — The Biden administration is considering replenishing the Strategic Petroleum Reserve when oil dips below $80 a barrel, just two years after Democrats blocked former President Donald ...
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Fire erupts at oil well in Iran, officials blame sabatoge

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DUBAI, United Arab Emirates (AP) — Fires ripped through an oil well in southwestern Iran on Tuesday, state TV reported, blaming “unknown” saboteurs for causing the blaze. The ...
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A million barrels of oil could come to market if a nuclear deal is reached with Iran

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U.S. Secretary of State John Kerry (L), U.S. Secretary of Energy Ernest Moniz (2nd L), Head of the Iranian Atomic Energy Organisation Ali Akbar Salehi (2nd R) and ...
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17 missing, 121 hurt, 1 dead in fire at Cuban oil facility

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HAVANA (AP) — A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and ...
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Africa can buy Russian grain but risks actions on oil

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KAMPALA, Uganda (AP) — African nations are free to buy grain from Russia but could face consequences if they trade in U.S.-sanctioned commodities such as Russian oil, the ...
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U.N. chief urges tax on ‘grotesque greed’ of oil, gas companies

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By Michelle Nichols UNITED NATIONS (Reuters) -United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged ...
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UN chief criticizes `grotesque greed’ of oil companies

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UNITED NATIONS (AP) — The United Nations chief sharply criticized the “grotesque greed” of oil and gas companies on Wednesday for making record profits from the energy crisis ...
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