Oil industry analysts expect China to replace its oil imports from Venezuela with increased purchases of Iranian crude, following the arrest of China’s ally Nicolas Maduro by U.S. forces over the weekend.
The Nigerian Senate on Wednesday produced a report that found $303 billion in oil revenue from the past ten years is missing, much of it attributed to oil thieves who tap into pipelines and sell their stolen crude on the black market.
President Donald Trump signed a critical minerals deal with Australian Prime Minister Anthony Albanese on Monday, a team-up explicitly intended to break China’s near-monopoly on mining and refining the valuable resources.
A massive explosion caused a fire to break out at a Chevron facility in El Segundo, in Los Angeles, California, on Thursday evening.
On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm responded to companies shuttering refineries by stating that there are “significant policy incentives to the creation of drop-in biofuels, so you’re seeing some of that happening.” And that “we
China’s state-owned Sinochem Corporation purchased a million barrels of Venezuelan crude oil for delivery in December.
On Friday’s “CNN Newsroom,” Labor Secretary Marty Walsh argued that the problems with energy and gas weren’t created by the Biden administration, which is dealing with the war in Ukraine and the actions of OPEC, and stated that “if the
President Joe Biden continues his campaign to destroy domestic oil production leading some midstream U.S. companies to shift their attention to natural gas pipelines and export infrastructure as a way to increase growth opportunities.
A group of Republican lawmakers is urging Environmental Protection Agency Administrator Andrew Wheeler to stand with the men and women who earn livelihoods working in America’s small refineries across the country and to block Democrats’ efforts to lobby the agency to stop issuing Small Refinery Exemptions (SRE’s).
