Sources say that the US will issue a general license to lift some sanctions against Venezuelan oil industry
Four sources said that the U.S. is preparing to issue a license to lift sanctions against Venezuela's energy industry. This would be a shift from the previous plan of granting individual exemptions for companies wishing to do business with Venezuela. After the capture by the U.S.
Michigan suedes oil companies for collusion to restrain competition in EVs
Michigan Attorney General Dana Nessel filed an antitrust suit against four major oil firms on Friday, alleging that they have colluded over decades to prevent competition from renewable energy sources, including?electric cars. The lawsuit filed in U.S.
US cuts or revises nearly $84 Billion in Energy Loans
The Trump administration announced on Thursday that it will be restructuring or eliminating approximately $84 billion worth of clean energy?projects which were funded by the former president Joe Biden's administration. This is the latest…
Energy Department: US does not consider using Venezuelan oil to fill strategic reserves as a current option.
Department of Energy, Friday, said that the U.S. Government is not considering the use of Venezuelan oil as part of an exchange with U.S. companies for the purpose of refilling the country's Strategic Petroleum Reserve. On Friday, two sources…
US considers swapping heavy Venezuelan crude oil for U.S. Medium Crude to fill emergency reserves, sources say
The U.S. Energy Department is exploring the possibility of exchanging heavy Venezuelan crude oil for U.S. Two sources told Reuters on Friday that medium-sour crude oil would be used to replenish the Strategic Petroleum Reserve. The Trump…
US Judge weighs Dominion's request to restart Virginia offshore Wind Project Stopped by Trump
In a lawsuit filed against the Trump administration, a federal judge will decide on Friday whether to allow Dominion Energy?to resume construction on its $11.2 billion Virginia offshore wind project. This hearing will be the third in a row…
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after exports and production of super-chilled fuel broke records and generated billions in revenue across the global supply chain. Gas sellers were encouraged by the 25% increase in LNG purchases in Europe.
Palm logs second week of gains on US plans for finalising biofuel quotas
Malaysian palm futures ended Friday more than 2% higher and recorded a second week of gains, boosted by the strength in soybean oil following U.S. plans for finalising biofuel quotas. The benchmark palm oil contract for April delivery at…
Palm prices surge over 2% following US plans to finalise the biofuel quotas
Malaysian palm futures rose more than 2%?Friday and are on course for a second?weekly?gain. This is due to the strength of soybean oil following U.S. plans to finalise biofuels quotas. By midday, the benchmark April palm oil contract on…
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after the production and exports of super-chilled fuel broke records and generated billions in revenue across the global supply chain of liquefied gas. The 25% increase in LNG purchases in Europe was a major highlight.
Sources say that Repsol, Maurel & Prom are applying to the US for licenses to export Venezuelan crude oil.
Five industry sources have confirmed that several?European oil companies, including Spain's Repsol, France's Maurel & Prom and France's Repsol, have applied to the United States for licenses or authorizations in order to export Venezuelan oil.
Sources say that Chevron is expected to receive an expanded Venezuela license this week from the US.
Three oil industry sources said on Wednesday that Chevron would receive an expanded Venezuela license this week from the U.S. Government. This could allow increased production and exports from South America. Sources said that the U.S. oil…
Sources say that Chevron is expected to receive an expanded Venezuela license this week from the US.
Three oil industry sources told us on Wednesday that Chevron will receive a Venezuela license extension from the U.S. this week. This could lead to increased production and exports. Sources said that the U.S. oil company is expected to be…
US Judge to make a quick decision on Equinor's challenge to Trump offshore Wind Pause
A U.S. Judge said Wednesday that he will rule soon on whether he will allow Norwegian offshore wind developer Equinor, to resume construction on the Empire Wind project?off the coast of New York?in a lawsuit filed over the Trump Administration's…
US court will weigh New York's challenge to Trump's offshore wind halt
On Wednesday, a U.S. court will decide whether or not to allow Norwegian offshore developer Equinor the opportunity to resume the construction of the Empire Wind Project off the coast of New York. The company is suing the Trump administration for its suspension of the industry.
Trump revises Biden's tweak to the clean water rule
The Trump administration proposed on Tuesday a rule that would revise pollution protections from the Biden era?for waterways. According to the Environmental Protection Agency, this move?would accelerate permitting for energy and artificial intelligence infrastructure.
Gulf stock prices mixed as investors, oil companies and traders weigh Powell probe and Fed outlook
Gulf equities traded mixed on Monday morning as oil prices climbed. Investors weighed the possible impact on interest rates and the dollar of a criminal?indictment against Federal Reserve Chair Jerome Powell. Oil, which is a major catalyst…
What's at stake in Uganda’s presidential elections?
On Thursday, Ugandan President Yoweri Museveni is seeking to extend his four decade rule in an election which has raised questions about his eventual successor. Although political analysts claim that Museveni and the National Resistance Movement (NRM)…
New York Sues Trump Administration Over Halt on Two Offshore Wind Projects
New York's Attorney General sued the Trump Administration on Friday for suspending the construction of two major offshore wind project that the state says it needs to power a million homes and reduce its reliance on fossil fuels.Letitia J.
Trump calls on US oil companies to fix Venezuela's rotting energy industry
Donald Trump, the U.S. president, began a meeting at the White House on Friday to discuss Venezuela. He said he wanted executives from some of the largest oil companies in the world to invest $100 billion to expand Venezuela's production.