Oil - Page 12

China has been transporting millions of barrels of Venezuelan oil through a state-owned defense firm since 2020, evading U.S. sanctions imposed on Venezuelan oil, as part of a move to offset the socialist regime’s large debt to the Chinese Communist Party, Reuters reported on Friday.

Appearing Monday on the Fox Business Network, Lipow Oil Associates President Andy Lipow warned that natural gas prices will jump this winter.

On Wednesday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Mark Green (R-TN) said that the Inflation Reduction Act reconciliation bill not only increases costs for oil and gas, which will lead to an increase in people’s energy bills,

Consumers’ Research, an organization dedicated to educating American consumers, warned that BlackRock is “crushing America from within,” releasing a nationally televised advertisement, issuing a consumer warning, and notifying 12 governors of the dangers posed by the firm. Consumers’ Research’s campaign

The state-run Saudi Arabian Oil Company (Aramco) announced on Sunday that it recorded a 90 percent year-on-year increase in its net income in the second quarter of 2022, amounting to a record-high profit of $48.4 billion, the Saudi Press Agency (SPA) reported.

On Thursday’s edition of NPR’s “Here & Now,” Bloomberg News Senior Editor Mike Regan said that one factor in the declines in oil and gas prices is the fact that consumers reacted to high gas prices by buying less gas,

Chinese dictator Xi Jinping is apparently planning a visit to Saudi Arabia next week, two months after U.S. President Joe Biden’s embarrassing trip to the kingdom. The combination of the Biden debacle and Xi’s triumphant reception could signal a lasting reorientation for Saudi Arabia away from longtime ally America and toward Communist China.

China’s government-run Xinhua News Agency announced on Tuesday that the Communist Party would lower gasoline and diesel prices nationwide, a move following growing purchases of cheap Russian petroleum products and of American gasoline leftist President Joe Biden released from the country’s Strategic Petroleum Reserve (SPR).

Cuban authorities evacuated more than 4,000 residents over the weekend after a lightning strike allegedly sparked a fire at Cuba’s largest state oil depot in Matanzas city on Friday night, causing three oil tankers to burn and collapse as of Monday, the news website Cubanet reported.

Saudi Arabia on Thursday announced record-high selling prices for crude oil to Asian buyers. The remarkably high increase of 50 cents per barrel was still lower than some forecasts, which anticipated up to $1.50 per barrel.

On Wednesday’s broadcast of CNBC’s “Squawk Box,” White House Senior Adviser on Energy Security Amos Hochstein argued that oil companies can “invest today in short cycles that will increase production” “instead of trying to lock in more profits” and vowed that

On Wednesday’s broadcast of “CNN Newsroom,” White House Senior Adviser on Energy Security Amos Hochstein said OPEC’s increased oil output of 100,000 barrels a day won’t have a significant impact on the prices Americans pay. Co-host Jim Sciutto asked, “OPEC has

The tiny increase is being described as an insult to President Biden.

On Monday’s broadcast of CBS’ “Late Show,” Energy Secretary Jennifer Granholm touted the “huge incentives” in the form of tax credits that will “really push forward the deployment of clean energy” in the reconciliation package and also stated that “we

Oil and natural gas trade groups released an analysis that shows economic benefits to American consumers from domestic use and exports.

Rep. Ted Budd is seeking to codify a Trump-era rule that limits states throwing up regulatory roadblocks to pipeline construction.

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.

The Kremlin revealed on Thursday that Saudi Crown Prince Mohammed bin Salman, known commonly as MBS, held a phone conversation with Russian strongman Vladimir Putin to discuss “stability” in global oil markets, a week after leftist American President Joe Biden visited Riyadh to, reportedly, request the Saudis consider increasing production.

Ryan Lance, CEO of ConocoPhillips, warned at a Houston Producers Forum on Tuesday of upcoming crude oil shortages and price volatility, citing limited spare capacity of the Organization of the Petroleum Exporting Countries (OPEC) cartel and slow U.S. fossil fuel output going forward.

House Democrats blocked a motion Wednesday that would have prevented President Joe Biden from selling oil drawn from the United States Strategic Petroleum Reserve to entities controlled by the Chinese Communist Party. 

Turkish President Recep Tayyip Erdogan joined hands with his Russian and Iranian counterparts, Vladimir Putin and Ebrahim Raisi, at a photo op in Tehran on Tuesday.

On Monday’s broadcast of NBC’s “MTP Now,” Sen. Ed Markey (D-MA) said that Democrats want the Biden administration, “and they’re saying they’re going to do that, to use executive action to deal with the climate crisis, to use, potentially, the

On Monday’s broadcast of the Fox News Channel’s “Hannity,” Sen. Marco Rubio (R-FL) said that because of its large refining capacity, China is waiting for President Joe Biden “to go to them and beg them to process more and refine

A Liberia-flagged tanker carrying about 700,000 barrels of Russian fuel oil arrived in Cuba last week, the Latin American news website Infobae reported on Sunday, noting that the shipment demonstrated that Moscow was not only supporting Cuba’s communist regime but also finding outlets for oil stock shunned by the West in response to Russia’s latest war with Ukraine.

On Monday’s broadcast of MSNBC’s “Yasmin Vossoughian Reports,” National Security Council Coordinator for Strategic Communications John Kirby stated that after his trip to Saudi Arabia, President Joe Biden “feels optimistic that in two, three weeks, there could be some future

Oil prices jumped on Monday, ending a modest price slump caused not by President Joe Biden’s unsuccessful effort to beg Saudi Arabia to increase production, but rather by China’s economy-crushing coronavirus lockdowns and fears of a recession.

BERLIN (AP) – Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war in Ukraine is only temporary and his government remains committed to doing “everything” to combat the climate crisis.

During an interview aired on Friday’s edition of CNN’s “Situation Room,” Saudi Minister of State for Foreign Affairs Adel al-Jubeir, who was inside President Joe Biden’s meeting with Saudi Crown Prince Mohammed bin Salman, refused to commit to boosting oil

The amount of Russian fuel oil imported by Saudi Arabia between April and June of this year more than doubled compared to last year, Reuters reported on Friday.

President Joe Biden laughed off a question Friday about criticism of his fist-bump with Saudi Arabian Crown Prince Mohammed bin Salman.

On Thursday’s broadcast of CNN’s “New Day,” White House Council of Economic Advisers member Heather Boushey argued that it is important for countries like the United States “to wean ourselves off of these global oil markets because that is what’s

API said Biden nixed invites from U.S. oil and gas leaders to visit domestic sites, instead visiting Saudi Arabia to get more fossil fuels.

Thursday on Fox News Channel’s “America Reports,” Sen. Marsha Blackburn (R-TN) lamented President Joe Biden’s lack of effort to solve the nation’s high gas prices by drilling domestically.

Senator Tom Cotton (R-AR) on Thursday slammed President Joe Biden over his refusal to drill for oil domestically.

China’s government propaganda newspaper Global Times described leftist President Joe Biden’s visit to the Middle East on Wednesday as an attempt to go “cap in hand” asking Gulf states to produce more oil – an apparent mockery of Biden’s inability to harness his leadership to lower fuel prices.

During an interview with Bloomberg on Wednesday, Deputy Treasury Secretary Wally Adeyemo stated that the price cap on Russian oil proposed by the Biden administration “is in the economic interests of the countries” like China that are purchasing Russian oil. Adeyemo