Tag Archives: oil

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs Suriname Could Be Latest Big Oil Find as Industry Cuts Costs Suriname, Guyana and Brazil are now attracting more new investment than the Gulf of Mexico and other more established oil fields. And they are helping to keep global oil prices relatively low, undermining efforts by Russia and its …

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Saudi Arabia will cut its oil production.

Saudi Arabia will cut its oil production.

Saudi Arabia will cut its oil production. Saudi Arabia will cut its oil production. OPEC, Russia and other oil producers reached an agreement on Tuesday that includes a commitment by Saudi Arabia to reduce its oil production by one million barrels a day in February and March — a cut of more than 10 percent from its daily target in …

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Does Coconut Oil Deserve Its Health Halo?

Does Coconut Oil Deserve Its Health Halo?

Does Coconut Oil Deserve Its Health Halo? Does Coconut Oil Deserve Its Health Halo? Dr. Greenland echoed that assessment, stating that “the marketing of coconut oil is confusing. It’s trying to sell it as a healthy fat, but those who know its composition don’t think that at all.” These and other experts part company with advertisers and advocates for coconut …

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‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads. ‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads. HOUSTON — Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles of money. But suddenly Exxon is slipping badly, …

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Sale of Arctic Refuge Oil and Gas Leases Is Set for Early January

Sale of Arctic Refuge Oil and Gas Leases Is Set for Early January

Sale of Arctic Refuge Oil and Gas Leases Is Set for Early January Sale of Arctic Refuge Oil and Gas Leases Is Set for Early January The Trump administration said Thursday that it would sell oil and gas leases in the Arctic National Wildlife Refuge in Alaska in early January, further accelerating its last-ditch effort to allow drilling there. The …

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OPEC and Russia Reach Deal to Raise Oil Production

OPEC and Russia Reach Deal to Raise Oil Production

OPEC and Russia Reach Deal to Raise Oil Production OPEC and Russia Reach Deal to Raise Oil Production OPEC and other oil-producing nations led by Russia, trying to gauge the strength of the global economy as the coronavirus continues to rage but with vaccines on the horizon, reached a compromise on Thursday to modestly increase production in January. But the …

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Oil Refineries See Profit in Turning Kitchen Grease Into Diesel

Oil Refineries See Profit in Turning Kitchen Grease Into Diesel

Oil Refineries See Profit in Turning Kitchen Grease Into Diesel Oil Refineries See Profit in Turning Kitchen Grease Into Diesel But its chief executive, David Lamp, said the government’s role in subsidizing renewable diesel made it an inherently unstable business. Federal and state incentives could encourage the industry to produce more fuel than is needed. On the flip side, he …

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Exxon Mobil cuts billions in capital spending as oil and gas prices remain low.

Exxon Mobil cuts billions in capital spending as oil and gas prices remain low.

Exxon Mobil cuts billions in capital spending as oil and gas prices remain low. Exxon Mobil cuts billions in capital spending as oil and gas prices remain low. Exxon Mobil announced on Monday that it would significantly cut spending on exploration and production over the next four years and would write off up to $20 billion of investments in natural …

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Judge in Venezuela Convicts 6 U.S. Oil Executives of Corruption

Judge in Venezuela Convicts 6 U.S. Oil Executives of Corruption

Judge in Venezuela Convicts 6 U.S. Oil Executives of Corruption Judge in Venezuela Convicts 6 U.S. Oil Executives of Corruption CARACAS, Venezuela — A Venezuelan judge on Thursday found six American oil executives guilty of a wide-ranging corruption scheme and immediately sentenced them to prison. The so-called Citgo 6 — employees of the Houston-based Citgo refining company, which is owned …

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Time Runs Out for a U.S.-Canada Oil Pipeline

Time Runs Out for a U.S.-Canada Oil Pipeline

Time Runs Out for a U.S.-Canada Oil Pipeline Time Runs Out for a U.S.-Canada Oil Pipeline A spokesman for Enbridge said the decision could have “devastating” economic consequences. “Enbridge remains confident that Line 5 continues to operate safely and that there is no credible basis for terminating the 1953 easement allowing the Dual Line 5 Pipelines to cross the Straits …

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