oil

The price of Russian seaborne oil has been capped at $60 a barrel after the Group of Seven countries — which includes non-enumerated member the European Union — and Australia reached a consensus on the price Monday. The goal of the price cap is to reduce the revenue stream funding Russia’s war on Ukraine, while […]

As winter comes to the northern hemisphere, impacting the global energy system, increased fossil fuel prices are stretching U.S. families’ finances to, and past, the breaking point. In Connecticut, the sharp increase in the number of people seeking heating bill assistance is “just unbelievable,” Joanne Balaschak, director of energy programs at New Opportunities, in Waterbury, […]

Forty percent of Cuba’s main fuel storage facility was slowly destroyed over five days, causing rolling blackouts and toxic smoke spreading as far as Havana, about 65 miles away. One firefighter has been killed while 16 more remain missing and roughly 125 people have been injured, according to a government report. The oil storage facility […]

Last year, a dozen oil refineries in the U.S. exceeded the federal maximum level for average emissions of the highly toxic carcinogen benzene, according to a new report by the Environmental Integrity Project (EIP). Five of the refineries were in Texas, four in Louisiana, one in Indiana, one in Pennsylvania and one in the U.S. […]

The U.S. will ban the import of all Russian fossil-fuel products in response to the country’s invasion of Ukraine, President Joe Biden announced on Tuesday.” Today I am announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energy,” Biden said from the White House, as CNN reported.

Russia’s invasion of Ukraine has demonstrated again that war and energy are inextricably linked.  The invasion has so far put a pin in the controversial Nord Stream 2 pipeline from Russia to Germany, prompted fossil fuel companies to argue for increased production and led to worrying attacks on nuclear power plants. Now, oil and gas […]

A Louisiana energy company is finally paying for the longest-running oil spill in U.S. history. Taylor Energy has agreed to pay more than $43 million in penalties and transfer a further $432 million to the Department of the Interior as a trust to complete the cleanup of the 17-year spill, the Department of Justice announced […]

The Biden administration came under fire last month for overseeing the largest offshore oil and gas leasing sale in U.S. history. Now, a new report suggests this wasn’t an isolated incident. The analysis from Public Citizen reveals that the new administration has issued more permits for oil and gas drilling on public lands per month […]