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A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should …
(Reuters) – Colonial Pipeline, the largest U.S. fuel pipeline operator, said on Tuesday that the main artery moving gasoline from the U.S. Gulf Coast to the East Coast has been shut since Monday night due to a potential spill in Paulding County, Georgia. Line 1 was temporarily shut as operator Colonial Pipeline responds to a …
Colonial Pipeline Shuts Main Gasoline Artery After Potential Gasoline Spill Read More »
By Shariq Khan NEW YORK, Jan 14 (Reuters) – Oil prices will be under pressure in 2025 and 2026 as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 …
EIA Expects Oil Prices to be Under Pressure From Oversupply in 2025, 2026 Read More »
WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The order allows the city of Honolulu’s lawsuit against oil and gas companies to proceed. The city’s …
Province’s leader met with president-elect at Mar-a-Lago Ottawa shouldn’t make ‘empty’ threats to curb exports: Smith Canadians should be prepared to face US tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned after meeting the president-elect in Florida. The conservative leader of Canada’s main oil-producing province met with Trump at his …
Canada’s Reality: Trump’s Tariffs Are Coming and Will Include Oil, Alberta Premier Warns Read More »
Summary Refiner profits fall as new capacity and normal margins return Gasoline and diesel crack spreads hit lows in December Analysts lower earnings expectations amid weak crack spreads Uncertainty over Trump’s tariffs impacts refiner margins and costs (Reuters) – Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and …
U.S. Oil Refiners Brace for a Tough Year as Investor Sentiment Turns Negative Read More »
Pipeline CEO plans ahead for imminent change in US leadership Company ships almost 6 million barrels of crude, liquids daily Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. The company sees an opportunity to move “several hundred …
Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom Read More »
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be the first of its kind amid growing backlash by conservatives to an uptick in socially-conscious …
American Airlines’ Focus on ESG in 401(k) plan is Illegal, US judge Rules Read More »
By Jarrett Renshaw and Stephanie Kelly (Reuters) – The U.S. is expected to release by next week a climate model for clean fuel tax credits that will sharply reduce the ability of ethanol producers to access subsidies for production of sustainable aviation fuel, three sources familiar with the matter told Reuters. The exclusion of climate-smart …
Jan 9 (Reuters) – Oil and gas major Shell (SHEL.L) said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico. The Whale development is operated by Shell, which owns 60% of the project alongside U.S. energy major Chevron (CVX.N), which has a 40% stake. The project …
Shell Begins Production at Whale in US Gulf of Mexico Read More »
