Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July. Other members of Opec+, a group of oil-producing countries, also agreed to continued cuts in production in an attempt to shore up flagging prices. Opec+ accounts for around 40% of the world’s crude oil […]
Tag: oil drilling
Biden Venezuela Decision Confusing At Best
On his first day in office, President Joe Biden decided to cancel the cross-border permit for the northern leg of TC Energy’s Keystone XL Pipeline with a stroke of his presidential pen. The decision was not made because TC Energy or its partners had been found to be in violation of U.S. law or regulations […]
Oil and gas drilling to reopen on public lands in a first under Biden
As federal officials weigh efforts to fight the climate crisis against pressure to bring down high gasoline prices, the interior department is moving forward with the first onshore sales of public oil and natural gas drilling leases under Joe Biden. The move also calls for a sharp increase in royalty rates for companies, ostensibly to […]
The DaPL Controversy Explained
By now, you’ve probably encountered the conflict between the Standing Rock Sioux tribe and the energy company Energy Transfer Partners (ETP). Maybe you’ve seen the ubiquitous #NoDAPL hashtag, noted the celebrity arrests, or even panicked as you thought half your Facebook friends had suddenly booked tickets to North Dakota. The fight is a complex one, […]