Crude

Trump Touts Texas Energy Policy in Speech at Texas Fracking Hub

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President Donald Trump visited a fracking hub on the West Texas plains on Wednesday to sign four critical permits granting approval to vital pipeline and railway infrastructure on the nation’s border. My administration is announcing today that export authorizations for American liquefied natural gas can now be extended through the year 2050,” said Trump. “This … Read more Trump Touts Texas Energy Policy in Speech at Texas Fracking Hub

Trump Says Biden Will ‘Wipe Out’ Jobs in the Oil and Gas Industries

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President Donald Trump visited a fracking hub on the West Texas plains on Wednesday to sign four critical permits granting approval to vital pipeline and railway infrastructure on the nation’s border. My administration is announcing today that export authorizations for American liquefied natural gas can now be extended through the year 2050,” said Trump. “This … Read more Trump Says Biden Will ‘Wipe Out’ Jobs in the Oil and Gas Industries

Trump Signs Permits to Restore Energy Development at Double Eagle Oil Rig in Texas

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President Donald Trump visited a fracking hub on the West Texas plains on Wednesday to sign four critical permits granting approval to vital pipeline and railway infrastructure on the nation’s border. My administration is announcing today that export authorizations for American liquefied natural gas can now be extended through the year 2050,” said Trump. “This … Read more Trump Signs Permits to Restore Energy Development at Double Eagle Oil Rig in Texas

Crude oil supplies fall with lower driving demand

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The U.S. is seeing less gasoline and oil demand leading to crude oil prices in the $40-42 range. Insights via @CME Group: https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at … Read more Crude oil supplies fall with lower driving demand

Ruptured crude oil pipeline sets off a huge fire in Egypt

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A ruptured crude oil pipeline set off a huge fire on a desert road in Egypt, injuring 12 people. Flames and clouds of dense, black smoke billowed over the road that stretches from capital Cairo to the city of Ismailia on the Suez Canal. Egypt’s health ministry said 12 people suffering burns and smoke inhalation … Read more Ruptured crude oil pipeline sets off a huge fire in Egypt

Could an oil dispute worsen Libya’s civil war? | Inside Story

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Oil has played a major role in Libya’s years-long civil war. Most of the oilfields are in the east, under warlord Khalifa Haftar’s control. This means the UN-recognised Government of National Accord in Tripoli has been cut off from a huge source of income. On Friday, Haftar’s forces allowed a tanker to transport some of … Read more Could an oil dispute worsen Libya’s civil war? | Inside Story

Oil Majors Under Pressure Amid Virus

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Jul.01 — With European oil companies suffering write downs of billions of dollars, America’s biggest oil companies are under increasing pressure to disclose the crude price assumptions that underpin their business models. That comes as the Covid-19 pandemic injects fresh uncertainty into demand for fossil fuels. Bloomberg Green’s Akshat Rathi reports on “Bloomberg Markets: European … Read more Oil Majors Under Pressure Amid Virus

Nigerians Bid to Sue Shell in U.K. Over Oil-Spill Pollution

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Nigeria is Africa’s largest oil producer, and depends on crude for about half of government revenue and 90% of export earnings. However, thousands of spills over decades have destroyed the livelihoods of fishing and farming communities in the southeast of the country, including more than 40,000 people from the Bille and Ogale communities who are … Read more Nigerians Bid to Sue Shell in U.K. Over Oil-Spill Pollution

Trump posts manipulated video to Twitter and Facebook

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Facebook removed a video posted by President Donald Trump’s account that had twisted a viral video of two toddlers after one of the children’s parents lodged a copyright claim. The video had more than 4 million views by the time Facebook took it down. The now-removed clip is a crude and misleading edit of a … Read more Trump posts manipulated video to Twitter and Facebook

Trump Tweets Conspiracy that Protester Shoved by Buffalo Police Is ‘Antifa Provocateur’

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President Donald Trump alleged without substantiation that an elderly protester shoved to the ground and seriously injured by police in Buffalo, New York, was a “provocateur” who exaggerated his fall, once again revealing his displeasure with nationwide demonstrations against police brutality. Trump tweeted Tuesday about last week’s injury of protester Martin Gugino, 75, who has … Read more Trump Tweets Conspiracy that Protester Shoved by Buffalo Police Is ‘Antifa Provocateur’

On-Shore Crude Oil Inventories Are Still a Concern, Analyst Says

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Jun.08 — Alex Booth, head of market analysis at Kpler SAS, discusses the outlook for oil supply and demand after after OPEC and its allies agreed to extend historic output curbs by an extra month, promising stricter compliance to ensure members don’t pump more than they pledged. Booth speaks on “Bloomberg Markets: European Open.”

Malaysian palm oil farmers struggle as demand, prices slump

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Palm oil exports earned Malaysia more than 15 billion U.S. dollars last year. But the price of crude palm oil has slumped since the turn of the year as demand sinks amid the COVID-19 crisis. That’s hitting small producers hard. Rian Maelzer reports from central Malaysia. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP … Read more Malaysian palm oil farmers struggle as demand, prices slump