Tag: Oil (Petroleum) and Gasoline

New York Rejects Keystone-Like Pipeline in Fierce Battle Over the State’s Energy Future

In a major victory for environmental activists, New York regulators on Wednesday rejected the construction of a heavily disputed, nearly $1 billion natural gas pipeline, even as business leaders and energy companies warned that the decision could devastate the state’s economy and bring a gas moratorium to New York City and Long Island. The pipeline […]

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Saudi Arabia Says Drones Hit Oil Pipeline, After Reports of Tanker Attacks

BEIRUT, Lebanon — A Saudi oil pipeline was attacked by drones, causing “limited damage,” the Saudi energy minister said on Tuesday, a day after Saudi Arabia said two of its oil tankers had been damaged in an act of sabotage, ratcheting up tensions in the region. The announcement came shortly after Iranian-aligned Houthi rebels in […]

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U.S. to Stop Exempting Major Buyers of Iranian Oil From Biting Sanctions

The Trump administration moved to increase economic sanctions on Iran by announcing Monday that it would stop allowing five large nations to buy Iranian oil. Oil prices rose earlier in anticipation of the announcement, and oil and gasoline prices could continue to surge. Secretary of State Mike Pompeo said the United States would no longer […]

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U.S. to Clamp Down on Iranian Oil Sales, Risking Rise in Gasoline Prices

NEW ORLEANS — The Trump administration is poised to end a program that has allowed five large nations, including China and India, to buy Iranian oil despite American sanctions, two senior American officials said on Sunday, a decision that is intended to squeeze Tehran’s government but could lead to higher oil and gasoline prices. The […]

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New U.S. Sanctions on Venezuela Aim to Choke Off Government’s Finances

The Trump administration extended sanctions to the Central Bank of Venezuela on Wednesday, cutting off the bank’s access to United States currency and limiting its ability to conduct international financial transactions in order to further squeeze the finances of the government led by President Nicolás Maduro. It is the latest in two years of escalating […]

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Elizabeth Warren Proposes Broad Plan to Protect Public Lands

Senator Elizabeth Warren of Massachusetts unveiled a public lands proposal on Monday, thrusting land-use issues and the environment into the spotlight as she continues to set the pace on policy in a crowded field of Democratic presidential candidates. Ms. Warren’s plan, which she outlined in a post on Medium ahead of trips to Colorado and […]

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Chevron to Acquire Anadarko Petroleum for $33 Billion

Chevron, the American oil giant, announced on Friday a $33 billion deal to acquire Anadarko Petroleum, a medium-size United States company with domestic and international oil and gas fields. Chevron said it would pay $65 in cash and stock for each Anadarko share, which is a 39 percent premium over Thursday’s closing price. The deal […]

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You Say Industry Can Regulate Itself? Prove It

In the slaughterhouses where pigs are reduced to their constituent parts, the disassembly lines carry about 1,100 pigs per hour — a new carcass every three seconds. For decades, the federal government has sought to prevent food-borne illnesses by stationing inspectors along the slaughter lines to eyeball the passing pigs for signs of disease and […]

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smarter driving: Putting Premium Gas in an Engine That Requires Regular? Stop It Now

Personal finance coaches say that one path to helping balance your budget could be as simple as giving up your daily latte macchiato. The little things help. Like not splurging on what your car drinks. Premium-grade gasoline is the most expensive gas you can usually buy, costing about 50 cents a gallon more than regular. […]

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To Halt Energy Slide, Mexico Turns to a Trusted Provider: Mexico

TULA, Mexico — President Andrés Manuel López Obrador envisions a future in which Mexico produces more oil, gasoline and electricity. But his strategy to get there relies on reaching back into his country’s past. Breaking with a five-year-old energy overhaul that opened Mexico’s closely held oil industry to the private sector, Mr. López Obrador wants […]

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Trump Signs Orders to Speed Up Oil and Gas Pipeline Construction

HOUSTON — President Trump signed two executive orders on Wednesday that he says will speed up construction of pipelines and other projects to enhance the production and transport of oil and natural gas between states and across international borders. The actions are unlikely to have much of an immediate impact, and they will probably attract […]

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Blamed for Climate Change, Oil Companies Invest in Carbon Removal

SQUAMISH, British Columbia — Everyone knows an electric fan can make people feel cooler on a steamy day. But could fans moderate the planet’s rising temperatures? Some of the world’s biggest fossil fuel companies would like to find out. Chevron, Occidental Petroleum and the Australian mining giant BHP this year have invested in Carbon Engineering, […]

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New U.S. Sanctions Seek to Block Venezuelan Oil Shipments to Cuba

WASHINGTON — The Trump administration announced on Friday its latest round of economic sanctions against the government of President Nicolás Maduro of Venezuela, this time aimed at oil shipments between Venezuela and Cuba, a country that the administration has accused of propping up Mr. Maduro’s authoritarian government. In a speech to the Venezuelan exile community […]

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A Key to the Arctic’s Oil Riches Lies Hidden in Ohio

ANCHORAGE — Working through two winters in the biting Arctic cold, roustabouts bored three miles deep into the coastal plain of northeast Alaska in search of oil. In the spring of 1986, they packed up and left, uttering not a word about what they had found and leaving only a short section of steel pipe […]

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Saudi Aramco’s Profit Exceeded $110 Billion Last Year, Report Says

The earnings of Saudi Aramco, Saudi Arabia’s giant oil company, have long been a matter of guesswork because they were kept secret. On Monday, Moody’s Investors Service, the credit rating agency, lifted the veil, revealing that the company made $111.1 billion last year, meaning it was probably by far the world’s most profitable company. It […]

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China Purchases Could Undercut Trump’s Larger Trade Goal

WASHINGTON — At the heart of President Trump’s negotiations with China is a troubling contradiction: The United States wants to use the trade talks to encourage the country to adopt a more market-oriented economy. But a key element of a prospective deal may end up reinforcing the economic power of the Chinese state. Negotiators are […]

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Wow Air, an Icelandic Budget Airline, Suspends Service

Wow Air, an Icelandic budget airline that has been scrambling for money, ceased operations on Thursday after talks over financing fell apart. Wow canceled all flights on Thursday morning and advised passengers to check for alternatives with other airlines. Gudjon Helgason, a spokesman for Keflavik Airport near Reykjavik, said there were no large groups stranded […]

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Mexico’s Fuel Thieves Must Be Stopped

MEXICO CITY — In the first months of this year, the word “huachicolero” — once a rarely used term — has been on the lips of people all around the country. Car owners particularly have cursed it, but I’ve even heard schoolchildren shouting it. Etymologists debate the word’s origins and whether its root comes from […]

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After 30 Years, Kazakhstan Gets a New Ruler. Sort Of.

At a time when would-be autocrats around the world are doing what they can to stay on the throne, the reigning master of their breed, Kazakhstan’s Nursultan Nazarbayev, unexpectedly announced his retirement as president after a mere 30 years. What gives? Most likely not much. Mr. Nazarbayev may no longer be “president,” but among the […]

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