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IEA Expects Strong EV Sales While Carmakers Flag Weaker Demand
100% Center coverage: 1 sources
Wildfires · AlbertaAlberta authorities have issued the first evacuation order for this year as wildfires spread across Canada’s biggest oil producer. Per a Bloomberg report, the residents of a First Nation community in the Cold Lake region were ordered to evacuate because of the blaze. Several other communities in the vicinity were put on standby, the report added. The Cold Lake indigenous area is to the north of Edmonton, close to the border with Saskatchewan. Th…See the Story
Canada Wildfires Prompt First Evacuation Order in Oil Country
Coverage: 2 sources
Pollution · CaliforniaCalifornia is close to completing a two-year investigation into Exxon on allegations of plastic pollution. After that, the state will decide whether to sue the supermajor for polluting or not. That’s what California’s Attorney General told Reuters, using rhetoric that suggested the lawsuit is the more likely outcome. "We are soon going to be ready to get to a decision based on all of our investigations in the coming weeks," Rob Bonta said. "The …See the Story
California Considers Suing Exxon Over Plastic Pollution
100% Center coverage: 1 sources
Oil and Gas Sector · IranCrude oil prices have recouped some of the losses posted on Monday as fears of an escalation between Israel and Iran dissipated. Brent crude was trading above $87 per barrel and West Texas Intermediate remained above $82 per barrel as the news about fresh U.S. and UK sanctions on Iran failed to impress traders. According to a Bloomberg report, the U.S. sanctions, which are due to be passed by Congress this week, may end up not being enforced at …See the Story
Oil Prices Stabilize as Geopolitical Risk Cools
100% Center coverage: 1 sources
Exxon Mobil · NamibiaShares of Portuguese integrated energy operator Galp Energia (OTCPK:GLPEF) (OTCPK:GLPEY) have popped more than 20% in Monday’s early trading session after the company announced that the first phase of its exploration in the Mopane field in offshore Namibia could contain at least 10B barrels of oil. Galp says it conducted testing operations at the Mopane-1X well in January and the Mopane-2X well in March, with, "significant light oil columns disc…See the Story
Namibia Racks Up Another Major Offshore Oil Discovery
100% Center coverage: 1 sources
Joe Biden · United StatesSince day one of President Joe Biden's term in office, the U.S. oil and gas industry has been criticizing his energy policies, saying that these undermine America's energy and national security with punitive and restrictive measures against fossil fuels. Yet, during President Biden's tenure, American oil and gas production has hit record highs. But this achievement has come despite Biden's policies, not thanks to them, the industry says. For…See the Story
Big Oil May Not Support All Trump 2.0 Policies
100% Center coverage: 1 sources
Paramaribo · ParamariboFormer Dutch colony Suriname shares the offshore Guyana Suriname Basin with the former British colony of Guyana, which is reaping a massive economic windfall from one of South America’s largest oil booms of recent times. Suriname’s government in Paramaribo is hungrily eyeing Guyana’s oil boom, which has propelled the country into the global league of major oil-producing and exporting nations, putting it on track to become one of the wealthiest n…See the Story
Suriname’s Resource Boom is Back on Track With First Oil Targeted for 2028
100% Center coverage: 1 sources
Oil and Gas Sector · United StatesThe nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents over the past week, to hit $3.62 per gallon on Monday, according to Gasbuddy data. Compared to a month ago, average gasoline prices are up 10.8 cents, but still 1.1 cents per gallon lower than they were this same time a year ago. The average national diesel price declined this week to $4.01 per gallon, some 15 cents below the p…See the Story
American Gasoline Prices Rise for Third Straight Week
100% Center coverage: 1 sources