oil Archives - Page 2 of 3

US to Release 50 Million Barrels of Oil To Ease Energy Costs

Posted by Associated Press | Nov 23, 2021 | World

Written by JOSH BOAK and COLLEEN LONG President Joe Biden on Tuesday ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs, in coordination with other major energy...

Coming off Climate Talks, US To Hold Huge Crude Sale in Gulf

Posted by Associated Press | Nov 17, 2021 | World

Written by MATTHEW BROWN and JANET McCONNAUGHEY The U.S. Interior Department on Wednesday will auction vast oil and gas reserves in the Gulf of Mexico estimated to hold up to 1.1 billion barrels of crude, the first such sale...

Gulf Arab States, Squeezed by Climate Change, Still Tout Oil

Posted by Associated Press | Oct 27, 2021 | World

Written by AYA BATRAWY The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula, where Saudi Arabia and other Gulf monarchies are caught between two daunting climate change scenarios that...

Energy Crunch Hits Global Recovery as Winter Approaches

Posted by Associated Press | Oct 19, 2021 | World

Written by DAVID McHUGH, COLLEEN BARRY, JOE McDONALD and TATIANA POLLASTRI Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or...

Cleanup Boats on Scene of Large Gulf Oil Spill Following Ida

Posted by Associated Press | Sep 7, 2021 | World

Written by MICHAEL BIESECKER The U.S. Coast Guard said Saturday that cleanup crews are responding to a sizable oil spill in the Gulf of Mexico following Hurricane Ida. The spill, which is ongoing, appears to be coming from a...

Greenland Suspends Oil Exploration Because of Climate Change

Posted by Associated Press | Jul 16, 2021 | World

The left-leaning government of Greenland has decided to suspend all oil exploration off the world’s largest island, calling it is “a natural step” because the Arctic government “takes the climate crisis seriously.” No oil has...

Oil Market in Turmoil as Price Falls Below Zero

Posted by Associated Press | Apr 21, 2020 | World

The market for U.S. crude was in turmoil Tuesday, with one contract trading below zero, as investors worried about full storage facilities and a collapse in demand as the pandemic leaves factories, automobiles and airplanes...

Oil Price Keeps Rising as Industry Eyes Iran-U.S. Conflict

Posted by Associated Press | Jan 6, 2020 | World

The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The Brent contract for...

World Thirst for Oil Keeps Growing, with SUVs a Key Culprit

Posted by Associated Press | Nov 13, 2019 | World

The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why. Mounting demand for...

Chatham County Officials Review Environmental Study on Fracking

Posted by Bruce Rosenbloom | Jun 13, 2017 | Development

The petroleum extraction technique known as fracking is boring into the meeting agendas of officials in Chatham County as they prepare to review new research on oil development activity. A temporary moratorium on that activity...

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