On Tuesday’s broadcast of CNBC’s “Squawk Box,” Chevron CEO Mike Wirth stated that despite all the sanctions on Russia, “Russian oil kept coming into the market.” And that “The sanctions that were imposed on Iran have not been enforced.” Wirth
Energy prices have been pushing down inflation. The Red Sea conflict threatens to upend that.
On Monday’s broadcast of CNBC’s “Last Call,” CNBC Contributor and Managing Director and Global Head of Commodity Strategy for RBC Capital Markets Helima Croft and host Brian Sullivan noted that sanctions on Iranian oil aren’t really being enforced with Croft
The BRICS economic group dealt with some internal oil drama this week, as Iran withheld oil shipments from China to demand higher prices and India cut back on its heavy purchases of Russian oil because Russia was no longer peddling crude at fire-sale discounts.
The anti-American BRICS economic and security coalition will welcome five new members on January 1: a country in a severe economic crisis, another openly defaulting on its sovereign debt, and two countries embroiled in a proxy war against each other.
Russia’s Deputy Prime Minister says the country has largely completed the process of shifting its oil exports from Europe to China and India.
The industry publication Energy Intelligence reported that South Korea increased the amount of crude oil it imported from Saudi Arabia.
CARACAS, Venezuela — The Venezuelan socialist Maduro regime is expecting a substantial increase in its oil exports in 2024 after President Joe Biden eased oil sanctions on the rogue socialist regime in October.
On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” White House Senior Adviser for Energy and Investment Amos Hochstein responded to a question on whether the U.S. can make up energy shortfalls if there is one from the Middle East by stating
BP on Monday joined the growing list of companies that have halted or restricted shipping through the Red Sea due to terrorist attacks by the Iran-backed Houthi terrorists of Yemen.
A large container ship was struck by a projectile fired from Yemen, causing some cargo to fall overboard and setting a fire on the ship.
U.N. climate negotiators confirmed Monday they are pushing for a deal at the COP28 climate summit in Dubai that will be the beginning of the end for fossil fuels.
Russian strongman Vladimir Putin and Saudi Crown Prince Mohammed bin Salman said on Thursday that the two countries would pressure fellow members of OPEC+ to “adhere” to their agreements “in a way that serves the interest of producers and consumers,” a sign the two would join to pressure smaller member nations to keep production reduced.
On Monday’s broadcast of Bloomberg’s “Surveillance,” Deputy Energy Secretary David Turk stated that the private sector will boost oil production in the U.S. if it isn’t constrained by the government and also touted oil and gas sector emissions regulations announced
The United Arab Emirates (UAE), host of the COP28 climate conference that kicked off this week in Dubai, on Friday announced a $30 billion climate fund called ALTERRA that seeks to attract $250 billion in investment by 2030.
One of the world’s more overlooked simmering conflicts came to a boil on Wednesday, as Brazil announced “intensified defensive actions” — in other words, massing troops and armor — along its northern border to repel a possible invasion of Guyana by Venezuela.
On Monday’s broadcast of CNBC’s “Squawk Box,” co-host Becky Quick stated that while the U.S. has sanctions on Iran, the Biden administration has “acknowledged that they’re going to continue to allow” Iranian oil to be sold elsewhere because they don’t
During portions of an interview with “PBS NewsHour” aired on Thursday, Rep. Lloyd Doggett (D-TX) stated that Russian oil that has been refined in another country has made its way to the U.S. through a loophole in the U.S. embargo
Iran claimed that its crude oil production output reached 3.115 million barrels per day (bpd) in October.
Nigerian President Bola Tinubu signed a $2.8 billion budget on Wednesday, which included lavish funding for a presidential yacht.
The U.N. Environment Program (UNEP) and Stockholm Environment Institute published a report Wednesday that said governments around the world, led by fast-growing India and world’s worst polluter China, plan to exceed the Paris Agreement’s limits on fossil fuels by more than 110% by 2030.
On Friday’s broadcast of “CNN This Morning,” Deputy Treasury Secretary Wally Adeyemo responded to questions on expanding oil sanctions on Iran by stating that he won’t preview actions and “we’ve put in place more than 300 sanctions against Iran, including
Socialist dictator Nicolás Maduro declared on Monday that the primary election held by the Venezuelan opposition on Sunday was a “fraud” and part of a “coup” plot against him.
On Friday’s broadcast of CNBC’s “Squawk Box,” co-hosts Becky Quick and Joe Kernen reacted to news that the Biden administration wants to try to refill the Strategic Petroleum Reserve (SPR) at a price of $79 a barrel or less by noting
Texas energy producers set back-to-back records for energy production in August and September, according to a report from the Texas Oil & Gas Association. The records starkly contrast to the 40-year low level of national energy reserves.
During an interview with the Fox News Channel aired on Friday’s broadcast of “The Story,” White House National Security Council Coordinator for Strategic Communications John Kirby acknowledged that Iran is making money off of oil, but argued that most of
On Tuesday’s broadcast of Bloomberg’s “Surveillance,” co-host Lisa Abramowicz stated that the Biden administration faces a direct conflict between its desire to bring down oil prices in the United States and clamping down on Iranian oil revenue through the strict enforcement
The administration of President Joe Biden and the socialist regime of Venezuela are in talks that could lead to Washington lifting more oil sanctions, according to a report published by Reuters on Monday.
On Tuesday’s broadcast of Bloomberg’s “Surveillance,” White House National Security Council Coordinator for Strategic Communications John Kirby argued that the U.S. has been strict with enforcing its sanctions on Iran, but “other nations have to enforce their sanctions as well,
On Tuesday’s broadcast of the Fox News Channel’s “America’s Newsroom,” White House National Security Council Coordinator for Strategic Communications John Kirby stated that the Biden administration has been enforcing sanctions on Iranian oil, but “Iranian oil is still on the
On Monday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Kelly Armstrong (R-ND) stated that Americans are going to see energy prices jump due to the conflict in the Middle East and we can’t offset it easily because the
During an interview with the “Fox News Rundown” podcast released on Monday, Rep. Michael Waltz (R-FL) stated that while the unfreezing of Iranian funds under the prisoner swap brokered by the Biden administration was a terrible move, the Biden administration
The oil market has been rattled by worries that the Hamas attack could hurt global energy supplies.
The rogue governments of Iran, Syria, and Venezuela have signed an agreement to build an oil refinery in the former rebel stronghold of Homs, Syria, Iran’s Tasnim News Agency reported on Sunday.
The Mexican state-owned Petróleos Mexicanos (Pemex) oil company is evaluating ways to start charging Cuba for the multimillion-dollar oil shipments Mexico has been donating to the island nation’s communist regime, Bloomberg reported on Tuesday.
Britain approved new oil and gas drilling in the North Sea, a move environmentalists say will hurt attempts to meet climate goals.
OKLAHOMA CITY, Oklahoma — Democrat President Joe Biden’s administration’s “genuine hate” for fossil fuel producers and other traditional energy companies was at the forefront of a two-day-long summit on energy security here this week featuring top industry and business leaders and political voices from around the country.
California-based oil company Chevron is planning to boost its oil production in Venezuela by adding at least two new oil rigs in the country, Reuters reported Monday.
Two prominent Republican lawmakers are probing a series of lawsuits against major oil companies brought by the California law firm Sher Edling. Among the topics of the probe is the source of alleged dark money funding for the suits, with claims that Leonardo DiCaprio has indirectly funneled money into the effort through his environmental fund.
Political and energy industry leaders are convening for a two-day summit on energy security on Monday in what Sen. James Lankford (R-OK) told attendees is “the center of the energy universe.”
