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Oil firms offer $382M for right to drill in Gulf of Mexico after courts reject Biden administration plans to protect an endangered whale – Canada Boosts

Oil firms supplied $382 million for drilling rights within the Gulf of Mexico on Wednesday after courts rejected the Biden administration’s plans to reduce the sale to guard an endangered whale species. The public sale was the final of a number of offshore oil and gasoline lease gross sales mandated underneath the 2022 climate law. It comes as President…

G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion – Canada Boosts

Shiwali Sharma7 months ago07 mins

The USA and its Western allies mentioned on Wednesday they’d tighten loopholes which have allowed Russia to evade a cap on its oil worth, aiming to bolster a coverage that was supposed to curb vitality revenues the Kremlin has used to fund the Ukraine conflict. The Group of seven nations and Australia, referred to as…

Oil prices fall on demand concerns after US stock build By Reuters – Canada Boosts

Shiwali Sharma7 months ago04 mins

© Reuters. Crude oil storage tanks are seen in an aerial {photograph} on the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base By Yuka Obayashi TOKYO (Reuters) – Oil costs fell on Thursday, as considerations over low demand following a shock stock construct outweighed jitters over international commerce disruptions and geopolitical…

Oil prices sink on Israel-Hamas ceasefire talks, US inventory build By Investing.com – Canada Boosts

Shiwali Sharma7 months ago7 months ago05 mins

© Reuters. Investing.com– Oil costs fell in Asian commerce on Thursday as momentum in a current rally was culled by information displaying an surprising construct in U.S. inventories, whereas talks over a possible ceasefire within the Israel-Hamas warfare dented bets on extra provide disruptions. Media studies confirmed Hamas chief Ismail Haniyeh in Egypt for potential…

Oil prices cut losses but settle lower on US stockpile build, OPEC+ meeting delay

Oil prices soar as Red Sea tensions rise; official US crude stocks due By Investing.com – Canada Boosts

Shiwali Sharma7 months ago04 mins

© Reuters. Investing.com — Oil costs rose Wednesday to two-week highs on elevated issues that geopolitical tensions within the Purple Sea will lead to disruptions to international crude provide. By 09:15 ET (14.15 GMT), the futures traded 1.4% increased at $74.99 a barrel and the contract climbed 1.3% to $80.23 a barrel. Greece advises tankers…

US to hold Gulf of Mexico oil auction after string of delays By Reuters – Canada Boosts

Shiwali Sharma7 months ago03 mins

© Reuters. FILE PHOTO: Oil rigs are seen within the Gulf of Mexico after Hurricane Ida made landfall in Louisiana, in Grand Isle, Louisiana, U.S. August 31, 2021. REUTERS/Marco Bello/File Photograph (Reuters) – The Biden administration on Wednesday will maintain an public sale of oil and gasoline leases within the Gulf of Mexico following a…

Asian shares climb as US rate cut fever lingers, oil holds gains By Reuters – Canada Boosts

Shiwali Sharma7 months ago07 mins

© Reuters. FILE PHOTO: A person makes use of a cell phone as he takes a photograph of the digital board displaying share costs throughout a buying and selling session on the Pakistan Inventory Trade, in Karachi, Pakistan November 28, 2023. REUTERS/Akhtar Soomro By Stella Qiu SYDNEY (Reuters) – Asian shares tracked Wall Road larger…

Oil steady as traders monitor Red Sea tensions, U.S. supply By Reuters – Canada Boosts

Shiwali Sharma7 months ago7 months ago05 mins

© Reuters. FILE PHOTO: A container ship crosses an oil platform on the Gulf of Suez in the direction of the Pink Sea earlier than coming into the Suez Canal, exterior of Cairo, Egypt September 1, 2020. REUTERS/Amr Abdallah Dalsh/File Photograph By Florence Tan and Jeslyn Lerh SINGAPORE (Reuters) – Oil was little modified on…

Oil prices steady after US sets up Red Sea naval task force By Investing.com – Canada Boosts

Shiwali Sharma7 months ago04 mins

© Reuters. Investing.com — Oil costs edged increased Tuesday, stabilizing after the earlier session’s good points as the US introduced the creation of a naval job drive to comprise disruptions to world provide within the Pink Sea. By 08:50 ET (13.50 GMT), the futures traded 0.1% increased at $72.92 a barrel and the contract climbed…

Oil prices mixed as Red Sea attacks disrupt supply chains By Reuters – Canada Boosts

Shiwali Sharma7 months ago7 months ago04 mins

© Reuters. An aerial view exhibits a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Every day by way of REUTERS/File Photograph By Stephanie Kelly and Andrew Hayley (Reuters) -Oil costs have been combined on Tuesday, with the U.S. benchmark dipping whereas Brent prolonged…

Tuesday Briefing: BP Paused Red Sea Oil Shipments – Canada Boosts

Shiwali Sharma7 months ago7 months ago07 mins

BP paused Purple Sea oil shipments World oil costs jumped yesterday after the vitality big BP stated it had stopped sending tankers through the Red Sea. The route has grow to be more and more harmful because the Houthi armed group started attacking ships with drones and missiles. The Houthis, which management a lot of…

Eight people dead in Guinea oil terminal blast, says police | Oil and Gas News – Canada Boosts

Shiwali Sharma7 months ago7 months ago02 mins

The blast occurred in downtown Conakry, on the solely oil terminal within the West African nation. No less than eight individuals had been killed and 84 injured following a blast at an oil terminal in Guinea’s capital Conakry early on Monday, a senior police officer mentioned. The officer mentioned the toll was provisional, including that…

Oil climbs nearly 1% on drop in Russia exports, Red Sea jitters By Reuters – Canada Boosts

Shiwali Sharma7 months ago7 months ago04 mins

© Reuters. FILE PHOTO: Oil pumps are seen, as oil and gasoline exercise dips within the Eagle Ford Shale oil discipline because of the coronavirus illness (COVID-19) pandemic and the drop in demand for oil globally, in Karnes County, Texas, U.S., Might 18, 2020. Image taken Might 18, 2 By Florence Tan SINGAPORE (Reuters) –…

Oil and gas should not be demonized, Elon Musk says By Reuters – Canada Boosts

Shiwali Sharma7 months ago7 months ago02 mins

3/3 © Reuters. Tesla and SpaceX’s CEO Elon Musk speaks, as he attends political competition Atreju organised by Italian Prime Minister Giorgia Meloni’s Brothers of Italy (Fratelli d’Italia) right-wing social gathering, in Rome, Italy, December 16, 2023. REUTERS/Guglielmo Mangiapane 2/3 ROME (Reuters) – You will need to cut back carbon emissions to protect the planet,…

Will oil prices rise after Red Sea shipping curbs amid Houthi attacks? | Business and Economy News – Canada Boosts

Shiwali Sharma7 months ago7 months ago012 mins

Hijackings, missile strikes and drone assaults on ships by Yemen’s Houthi rebels have compelled AP Moller-Maersk, a Danish transport and logistics large, and Hapag-Lloyd, a German transport and container transportation firm, to pause shipments by the Pink Sea. Their choices, introduced on Friday, are an indication that main firms are taking the safety state of…