Iran exported crude oil at a 20-month record high, Israel Hayom reports. The exports have far-exceeded the 1-million barrel-per-day cap set by Western nations.
(Reuters) – A U.S. government office has the power to approve exports of an abundant type of petroleum and help energy companies begin to partially bypass a 40-year ban on crude exports, according to a report released on Tuesday by Lisa Murkowski, the top Republican on the Senate Energy and Natural Resources Committee.
The U.S. metro area with the lowest unemployment rate is a shale oil boomtown. The one with the highest unemployment rate houses the world’s largest solar plant.
Free market groups are pushing for the federal government to cease financial support for Russian companies in light of the country’s continued occupation of Crimea.
SEVASTOPOL/DONETSK, Ukraine (Reuters) – The CEOs of Russia’s two largest firms are on a list of those who may be hit next week with European and U.S. sanctions over the Crimea crisis, a German newspaper said on Friday, suggesting tougher than expected measures against Russia’s elite.
Moscow shipped more troops and armor into Crimea on Friday and repeated its threat to invade other parts of Ukraine, showing no sign of heeding Western pleas to back off from the worst East-West confrontation since the Cold War.
Some domestic oil refiners are fighting new measures that would be economically beneficial for the country as a whole but decrease their profitability, experts said.
A massive civil judgment against a U.S. oil company was obtained by fraud and cannot be enforced in American courts, a federal judge ruled Tuesday in a major blow against the environmentalist plaintiffs.
The Environmental Protection Agency issued stricter rules for sulfur emissions in cars Monday, a move supported by the auto industry and environmentalists but opposed by oil refiners.
Former Obama campaign manager Jim Messina spoke last year at a government communications forum sponsored by the United Arab Emirates (UAE), a country that has been widely criticized for cracking down on free speech, according to reports.
The White House says that it will not interfere with Iran’s rising oil sales, despite a recent uptick that experts say is providing Tehran with billions in revenue.