Latest News for: Oil sales


U.S. senators may look to ban Russia from buying reserve oil -Schumer

Reuters 02 Feb 2023
oil exports to China became a rallying call for Republicans last year when Biden, a Democrat, announced the sale of 180 million barrels from the SPR to tame oil prices that rose due to Russia's war in Ukraine and as consumers emerged from the COVID-19 pandemic ... House last month easily passed the bill banning sales of SPR oil to China.

Why the West’s oil sanctions on Russia are proving to be underwhelming

Live Mint 02 Feb 2023
It also barred its long-dominant shippers, lenders and insurers from facilitating the sale of Russian crude to other buyers—unless the oil was sold below a “price cap" of $60 a barrel, set by Western powers ... not curbed sales of Russian crude.

Advocates Cheer Revival of Bill to 'Restore Critical Protections' to Arctic Refuge

Common Dreams 02 Feb 2023
However, they stressed that "the Coastal Plain ecosystem remains at risk due to oil and gas lease sales mandated by the 2017 Tax Cuts and Jobs Act"—also known as the Republican Tax Scam—signed into law by then-President Donald Trump. Such lease sales ultimately generated little interest.

Chinese official pledges efforts to increase auto sales

Xinhua 02 Feb 2023
Car purchases contributed 10 percent of the country's total retail sales, and the figure will increase to nearly 15 percent when oil sales are taken into account ... sales figures. NEV sales last year nearly doubled ... Chinese official pledges efforts to increase auto sales.

Bipartisan Bill Introduced to Protect US Strategic Petroleum Reserve

The Epoch Times 02 Feb 2023
... Reserve (SPR) to any company under the control of the Chinese Communist Party and prohibit the export of any crude oil from the SPR to China.” ....

The U.S. Dollar's Supremacy Won't End Anytime Soon | Opinion

Newsweek 02 Feb 2023
Oil has been priced in dollars and sold on a global market for decades. Following Russia's invasion of Ukraine, the United States effectively stopped the use of the dollar in Russian oil sales and partitioned the oil market ....

Protecting energy independence, supporting Main Street businesses

The Hamburg Reporter 02 Feb 2023
In the United States, we are blessed with an abundant supply of energy – from ethanol and biodiesel to natural gas and oil – to power our nation and fuel our economy ... That’s why, at the beginning of the 118th Congress, Republicans – and more than 100 Democrats – voted to permanently end oil sales from our Strategic Petroleum Reserve to China.

Magellan Midstream Reports Fourth-Quarter 2022 Financial Results

Victoria Advocate 02 Feb 2023
Crude oil. Crude oil operating margin was $128 million, an increase of $24 million ... Product margin was $6 million favorable due to additional crude oil marketing activities ... Our crude oil segment profits increased mainly due to additional crude oil marketing activities in 2022 ... Product sales revenue ... Cost of product sales ... Crude oil. ... Crude oil..

Iranian Oil Minister: nation’s oil, gas revenues increase 40 percent

MENA FN 02 Feb 2023
(MENAFN) Iranian Oil Minister Javad Oji has stated that the nation–s revenues from the sales of oil, natural gas, gas condensate, as well as petroleum outputs in the opening 10 months of the ongoing ... .

13,000 People From the Niger Delta Just Sued Shell for Years of Oil Spills

The Intercept 02 Feb 2023
Last June, though, Shell was forced to suspend sales, complying with a Nigerian Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill, brought in Nigerian court, which stated the company needed to pay the Niger Delta communities nearly $2 billion in compensation.

Frontera Announces 2023 Capital And Production Guidance

The Galveston Daily News 02 Feb 2023
Production costs mainly include lifting costs, activities developed in the blocks, and processes to put the crude oil and gas in sales condition ... Transportation costs include all commercial and logistics costs associated with the sale of produced crude oil and gas such as trucking, pipeline and refining processing fees.

Joe’s classified-doc corruption, don’t fall for Omar’s whining and other commentary

New York Post 02 Feb 2023
US oil production has fallen, boosting prices, thanks to government warnings that Big >Oil’s “products will soon become obsolete” and a White House that has “delayed lease sales, dragged its feet on permitting pipelines, and tightened renewable-fuel mandates that raise costs for ...

California climate bill would make companies disclose emissions

ABC7 02 Feb 2023
Gavin Newsom has pushed policies to wean the state off oil and gas within the next few decades, including by banning the sale of most new gas-powered cars by 2035 and ending the controversial practice of fracking ... fossil fuel companies, including oil, gas and coal producers.

Shell doubles profit to record $40 billion and announces $4 billion in buybacks

Independent Tribune 02 Feb 2023
During the Arab-Israeli War in 1973, Arab oil manufacturers banned exports to the U.S ... and the world received crude oil ... oil production hit 6.2 million barrels a day ... The combination of falling income and rising gasoline prices also led to a large decrease in the sale of SUVs, which spelled huge financial trouble for the oil and automobile industries.

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File - No smoking or No Vaping (E-Cigarette) sign at Starplex Cinemas movie theater.
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File - Shell gas station on Boylston Street near Park Drive in Fenway-Kenmore, Boston. Shell plc is a British multinational oil and gas company headquartered in London, England.
Creative Commons / Monika M. Wahi