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Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia’s fleet and traders’ demand for ships to load Middle East oil for Asia, industry sources said on Wednesday. On Tuesday, Shell booked three Very Large Crude Carriers, capable of carrying up to 2 million barrels of …

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LAWSUIT THROWN OUT: New York City Lawsuit Against Exxon, BP, Shell Over Climate Change Dismissed

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

 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 …

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Senate Democrats Urge Republican to Delay Hearing for Trump’s Energy Secretary Pick

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(Reuters) – Democratic lawmakers on the U.S. Senate Energy Committee called Tuesday on the panel’s Republican chairman to postpone the confirmation hearing for President-elect Donald Trump’s pick to lead the Department of Energy, citing a paperwork delay. The hearing for Chris Wright is scheduled for Wednesday. Wright plans to step down as CEO and chairman …

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Colonial Pipeline Shuts Main Gasoline Artery After Potential Gasoline Spill

Energy Topics & Technology, Gasoline, Latest, Pipelines, US News / By

(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 …

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How to Solve All of America’s Energy Problems – Alex Epstein

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My new interview with Jordan Peterson On the latest episode of the Jordan Peterson Podcast, I analyze the crucial moment we’re at with American energy policy, and break down my “Energy Freedom Platform” to make the absolute most of this moment. Stream the full interview on Youtube, X, or Spotify, or read the transcript below. Alex Epstein’s influence …

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World Readies for Trump Tariffs Even Before His White House Return

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Officials map out how they can respond to Trump trade levies Trade threats to Canada, Mexico signal deeper trade upheaval Donald Trump and his allies are broadening their scope in what threatens to be a more prolonged and unpredictable trade war than during his first presidency. Photographer: Angel Garcia/Bloomberg Donald Trump’s inauguration promises to usher …

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Oil Hedging Hit Record High Last Week After New US Sanctions on Russia

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By Georgina Mccartney HOUSTON, Jan 14 (Reuters) – Demand to lock in oil and gas prices jumped to a record high on Friday on the AEGIS hedging marketplace, as the harshest U.S. sanctions yet on Russian energy trade sent oil prices to multi-month highs. AEGIS, which says its clients’ business represents about 25-30% of total …

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EIA Expects Oil Prices to be Under Pressure From Oversupply in 2025, 2026

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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 …

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Here’s What We Know About Trump’s Planned Executive Orders After Swearing-In

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Donald Trump plans to issue a flurry of executive orders and directives after he is sworn in as U.S. president on Monday, to put his stamp on his new presidency on everything from immigration to energy. Two sources familiar with the planning said Trump is preparing a flood of executive orders and directives that could …

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Supreme Court Declines to Hear From Oil and Gas Companies Trying to Block Climate Change Lawsuits

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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 …

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