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The Biden administration’s plea for more oil production has been rejected by OPEC and its allies, including Russia, according to Reuters.The group of big oil producers believe oil markets do not need more oil than they plan to release in the coming months, Reuters reported.The report cited “four sources” but did not name them. Reporting on internal OPEC decisions is often based on unnamed sources.The Organization of the Petroleum Exporting Countries is a cartel of 13 nations that includes Saudi Arabia and the United Arab Emirates. A larger group, that also includes Russia, Mayalasia, and Mexico, is known as OPEC+.The...

At the end of July, the front page of Ukraine’s English-language newspaper The Kyiv Post read: “Betrayal. Global powers U.S. and Germany turn their backs on Ukraine and undermine European security as they strike a deal allowing the completion of Nord Stream 2, Russia’s controversial gas pipeline project.” The publication declared Angela Merkel Ukraine’s foe of the week and Joe Biden “a close second.” The shift was abrupt. Biden has long been considered Ukraine’s “big friend,” with Brian Bonner, the editor of The Kyiv Post, saying that prior to the 2020 U.S. elections, Ukrainians were “holding their breath and hoping...

Iran’s Jask oil terminal is now fully set to start loading vast quantities of crude to any major buyer in the world via the Gulf of Oman, with the first shipment of 100,000 metric tons of oil set to dock, load, and sail again within days. The significance of this new terminal can barely be overstated, as it will allow Iran to transport oil and petrochemicals from its major oil fields via Guriyeh in the Shoaybiyeh-ye Gharbi Rural District of Khuzestan Province 1,100 kilometers to Jask Port in Hormozgan province. In short, this 42-inch Guriyeh-Jask pipeline and Jask Oil Terminal...

Trouble is brewing on the European gas market. In the wake of a long, cold winter, natural gas reservoirs are unusually low and should, in principle, be refilled very quickly. Russia’s state-owned corporation Gazprom could increase supplies. The market leader, however, has not done that, despite prices recently reaching a 13-year high. In turn, there is growing concern across Europe that there may be insufficient gas supplies for the upcoming winter. Gazprom has not booked any additional gas transit through Ukraine in July, although deliveries of Russian natural gas to the EU will drop by more than 2 billion cubic...

Weeks after TC Energy officially terminated the Keystone XL pipeline because President Biden revoked a key permit, the company announced it is seeking billion in damages from the U.S. government.On Friday, the company behind the project filed a Notice of Intent with the State Department, Office of the Legal Adviser, “to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.”TC Energy is seeking over $15 billion due to the U.S. government’s “breach of its NAFTA obligations.”In pulling the order,...

The Canadian-based company behind the since-scrapped Keystone XL crude oil pipeline is seeking $15 billion in damages from the US. TC Energy on Friday filed a notice of intent with the State Department, claiming they suffered the massive loss “as a result of the U.S. Government’s breach of its NAFTA obligations.” President Joe Biden cancelled the pipeline’s border crossing permit in January due to environmental concerns — and last month TC Energy pulled the plug on the project after Canadian officials failed to convince the president to reverse his decision. The partially-constructed pipeline would have transported crude from western Canada...

The leak near dawn Friday occurred about 150 yards (meters) from a drilling platform. The company said it had brought the gas leak under control about five hours later. But the accident gave rise to the strange sight of roiling balls of flame boiling up from below the surface of the Gulf of Mexico.

WASHINGTON—The Supreme Court on Tuesday removed a hurdle to the construction of a natural-gas pipeline through Pennsylvania and New Jersey, ruling the pipeline developer could invoke the power of the federal government to take state property needed for the project. The court, in a 5-4 opinion by Chief Justice John Roberts, rejected New Jersey’s challenge to the actions of the PennEast Pipeline Co., a joint venture of several energy companies that aims to build a 116-mile interstate pipeline. Joining the chief justice were two fellow conservatives, Justices Samuel Alito and Brett Kavanaugh, and two liberals, Justices Stephen Breyer and Sonia...

The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy's Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week. A three-judge panel ruled 2-1 that the state's independent Public Utilities Commission correctly granted Enbridge the certificate of need and route permit that the Canadian-based company needed to begin construction on the 337-mile (542-kilometer) Minnesota segment of a larger project to replace a 1960s-era crude oil pipeline that has been deteriorating and can run at only half capacity. Pipeline opponents can appeal the decision to the...

Biden and Blinken may associate acquiescence to Berlin with sophisticated diplomacy and may assume that Germany stands for the same values as the United States, but this would be a mistake. Simply put, Germany is neither a good ally nor does its leadership share the same liberal, democratic worldview as the United States. When Russia’s Gazprom and European partners announced plans to expand pipelines carrying Russian gas to Europe, eight European Union members and the Obama administration raised objections. Not only would Nord Stream 2 make Europe more dependent on Russian gas but, by rendering the existing pipeline across Ukraine...

Former Vice President Al Gore privately urged President Joe Biden to keep hundreds of billions of spending to subsidize green industries and even kill another proposed oil pipeline. Gore called Biden personally and demanded he include billions of climate spending in his infrastructure bill, according to a report in the Washington Post.

<p>WASHINGTON — After a bombing killed 19 U.S. airmen at a barracks in Saudi Arabia in 1996, the Clinton administration struck back by unmasking Iranian intelligence officers around the world, significantly disrupting Iranian-backed terrorism, according to a high-level U.S. official and a former top official who was serving at the time of the operation.</p>

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been "successfully completed." Addressing an economic forum in St. Petersburg on June 4, Putin also said that "work on the second line is continuing." While the underwater section still needs to be linked to the section on German territory, Russian energy giant Gazprom "is ready to start filing Nord Stream 2 with gas," he added. Gazprom shares went up 0.6 percent after Putin's comments, reaching 273.80 rubles ($3.74) -- their highest level since...

Russia plans to have the construction of Nord Stream 2 pipeline completed by the end of the year. "The works did not stop; the operator and the companies partaking in this project continue to implement it together. We hope this work will be over, perhaps, by the end of this year", DW quoted Aleksandr Novak, the Vice Prime Minister of the Russian Federation. The official spoke at the Petersburg international economic forum. According to Novak, the overall length of the pipeline is 1,230 kilometers, and another100 km remains to be laid. Earlier, the Ukrainian Parliament passed the decree No.5520, in...

President Biden and his allies raked in campaign cash from a top Russia lobbyist in 2020, just months before his administration’s decision to scrap sanctions on a controversial firm building a Russian oil pipeline to Germany. Richard Burt, a managing partner at McLarty Associates and a former U.S. ambassador to Germany during the Reagan administration, ponied up $4,000 for Joe Biden in October 2020 and dropped another $10,000 in the lefty-aligned political action committee Unite The County in March 2020, FEC records show. In addition to violating Biden’s own campaign pledge not to take lobbyist cash, the money from Burt...

The Colonial Pipeline is reportedly facing more issues. A Reuters reporter wrote the company is "experiencing network issues impacting customers' ability to enter and update nominations." "Our internal IT department is aware of the issue and working to resolve as quickly as possible," Reuters' Devika Krishna Kumar quoted the company as saying on her Twitter account on Friday. Colonial also reported said communication from its systems to Transport4 may also be affected. Transport4 is a business utility used by the pipeline industry to enter, manage and track shipments. Colonial is the largest pipeline system for refined oil products in the...

Things are changing in America and you either go with the flow or get left behind. Exxon Mobile Corporation had a board election yesterday and at least two “rebels” were elected. These rebels aren’t members of the downtrodden masses. They were put forward by a hedge fund, Engine 1, in an effort to force Exxon to address climate change. By the end of the day, Exxon had been shaken to its foundation — a foundation laid by John D. Rockefeller in the 19th century. Exxon CEO Darren Woods’ days may be numbered. Woods made the proxy fight the most expensive...

President Joe Biden defended on Tuesday his decision to allow the Russian Nord Stream 2 pipeline to finish construction, arguing that blocking it would hurt his relationship with European countries. The Biden administration plans to scrap sanctions on the Russian company responsible for the pipeline, Axios reported last week, clearing the way for the project to continue. Biden spoke about the pipeline as he left the White House for a trip to Delaware, placing a priority on European interests, despite Republican senators condemning the project. “To go ahead and impose sanctions now would, I think, be counterproductive in terms of...

Unlike Trump’s alleged collusion with Russia, Russia, Russia… Biden’s is not imaginary but very real and in your face. Democrats could never say what exactly Trump did, what precise decision was made, or what policy was changed. He “colluded,” don’t ya know. With Biden, we can start with the Colonial Pipeline hack by Russian conspirators and Biden’s non-reaction to it, Biden’s approval of a pipeline designed to make our NATO allies dependent on energy from Moscow, and, of course, his day-one cancellation of the Keystone XL pipeline. Trump promised Europe a share in our energy independence including building liquefied natural...

State-owned NIOC said that operations have begun to start injecting oil into the 1,000km Goreh-Jask pipeline, which will be inaugurated "in the near future." The 46-inch diameter pipeline connects Iran's southwest Bushehr province to Jask, on the country's southern Gulf of Oman coast. The Jask terminal will provide an alternative to the Kharg Island loading point — from where most Iranian crude is shipped — and smaller terminals Lavan, Sirri and Soroush, all of which are located further into the Mideast Gulf. Iranian condensate exports are served by the Assaluyeh terminal. Iran has overwhelmingly relied on Kharg Island for its...