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January 26, 2022

Oil

Top U.S. oil states vie for carbon capture oversight to speed up permits

Reuters
Jan 26 (Reuters) – Top U.S. oil-producing states are trying to wrest oversight of carbon capture wells from federal regulators, hoping to speed the oil industry’s preferred approach to combating climate warming amid calls for limits on fossil fuel production. Companies are proposing carbon capture and storage (CCS) hubs to......

Los Angeles bans new oil and gas wells and will phase out old ones over five years

CNBC
CNBC – For more and to sign up click here A view of the Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California, April 25, 2020. Robyn Beck | AFP | Getty Images The Los Angeles City Council on Wednesday voted to ban new oil and gas wells and to phase......

Wall Street, oil up as Fed signals rate hikes could come ‘soon’

Reuters
Fed says rates could rise ‘soon’ Nasdaq leads U.S. indices higher, up over 2% Oil hits highest level since 2014 WASHINGTON, Jan 26 (Reuters) – U.S. stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine......

Oil slips as investors lock in profits ahead of Fed update

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo Register now for FREE unlimited access to Reuters.com Register API data shows U.S. crude stocks fall – market sources Investors await Wednesday’s Fed......

Cramer’s Investing Club: 3 portfolio stocks — in retail, tech and oil — get new ratings

CNBC
CNBC – For more and to sign up click here The moves better reflect our thinking about Costco, Cisco and Chevron at current prices following the recent swings in the stock market. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Column: China slashing crude stockpiling ends oil demand growth driver: Russell

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, Jan 25 (Reuters) – China’s stockpiling of crude oil ground to almost a halt in 2021, reversing years......

Talks between oil companies, U.S. union intensify as deadline nears

Reuters
General view of the Marathon petroleum refinery in Carson, California, U.S., December 5, 2019. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, Jan 24 (Reuters) – Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United......

Oil falls 2% as Fed rate hike talk spooks risk markets

Reuters
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register Barclays raises 2022 oil price view by $5 a......

‘Smells like death’: Peru oil spill clear-up drags on as fishermen count cost

Reuters
LIMA, Jan 21 (Reuters) – Spanish energy firm Repsol (REP.MC) said on Friday a clear-up operation for a major oil spill on the coast near Peru’s capital Lima would take until the end of February, in an environmental incident declared a ‘catastrophe’ by the government. Dead seals, fish and birds......

Oil majors TotalEnergies and Chevron withdraw from Myanmar

Reuters
PARIS, Jan 21 (Reuters) – Oil majors TotalEnergies (TTEF.PA) and Chevron Corp (CVX.N), partners in a major gas project in Myanmar, have decided to withdraw from the country, they said on Friday, citing the worsening humanitarian situation following last year’s coup. Since the February coup, Myanmar security forces have killed......

Asian markets fall after weak showing on Wall St, oil tumbles

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 21 (Reuters) – Asian share markets......

Biden acts much more like Putin’s puppet than Trump ever did

NYPost
Glenn H. Reynolds President Joe Biden is much worse than Donald Trump could ever be at dealing with Russia’s Vladimir Putin – on top of his endless oil and energy debacles, Glenn Harlan Reynolds writes. Source – For more click here To Return to the Main Aggregate News Page –......

China reports first official Iranian oil imports since Dec 2020

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 20 (Reuters) – China reported the first imports of Iranian crude oil in a year despite ongoing sanctions......

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Reuters
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo Register now for FREE unlimited access to Reuters.com Register Brent, WTI rise by more than $1 on Wednesday Iraq-Turkey pipeline outage adds to supply concerns......

Oil hit 7-year highs as tight supply bites

Reuters
Benchmarks jump to highest since October 2014 Middle East, Russia tensions add to supply concerns Some OPEC+ sources say $100/bbl oil is possible Goldman expects crude inventories to drop to lowest since 2000 NEW YORK, Jan 18 (Reuters) – Oil prices on Tuesday climbed to their highest since 2014 as......

Climate activists criticize BlackRock CEO’s support for slow transition off oil and natural gas

CNBC
CNBC – For more and to sign up click here Larry Fink, chief executive officer of BlackRock Inc. Christopher Goodney | Bloomberg | Getty Images BlackRock CEO Larry Fink’s most recent annual letter called the need to decarbonize the global economy the largest investment opportunity of this generation, but he......

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