The Justice Department is attempting to revive a centuries-old law to speed up efforts to claim Iranian oil tankers seized during the war with Iran, but maritime law experts say the plan could face hurdles. The top federal prosecutor in southern Texas confirmed last month that his office is involved in the effort to revive […]
Arquivos de Tag: oil
The Trump administration’s plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday, offering more details on the agreement. Under the deal, the Venezuelan government granted 100-year concessions to NABEP to drill in […]
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Trump touts new oil deal with Venezuela
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Watch CBS News President Trump touted lower gas prices after last week’s oil deal with Venezuela, but experts don’t agree it will ease the cost for consumers anytime soon. Nancy Cordes reports. Trump touts new oil deal with Venezuela #Trump #touts #oil #deal #Venezuela
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President Trump said the U.S. will begin “topping out” its strategic petroleum reserve with Venezuelan oil under last week’s agreement. But that’s unlikely to provide much relief to Americans facing sustained high gas prices. Olivia Gazis has more details on the unprecedented agreement. Trump says U.S. deal with Venezuela will boost oil reserves #Trump #deal […]
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Trump says U.S. now has majority control of over 60 billion barrels of Venezuelan oil reserves
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President Trump announced a deal Friday to grant the United States majority control of over 60 billion barrels of proven Venezuelan oil reserves — as the Trump administration angles to get oil companies to return to the country after a U.S. military operation replaced the country’s leadership earlier this year. Mr. Trump said in a […]
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An abandoned Russian tanker carrying millions of gallons of oil off the coast of Oman could potentially cause a larger environmental disaster after it was damaged from an unexplained explosion in early June. Satellite images show a growing oil slick in the area. Here’s what to know. Satellite images of sunken Russian tanker off Oman […]
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Abandoned Russian tanker leaking oil off Oman coast, threatening environmental disaster
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A Russian tanker carrying millions of gallons of oil has run aground off the coast of Oman — and now risks breaking apart, potentially causing an environmental disaster on the scale of the 1989 Exxon Valdez spill. The Caroline Bezengi, which has been linked to Russia’s so-called shadow fleet to move sanctioned oil around the […]
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UAE accuses Iran of attacks in Strait of Hormuz as Vance says cheap oil and gas are “goal number one”
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3m ago UAE says Iran attacked two vessels in Strait of Hormuz The United Arab Emirates on Friday blamed Iran for attacks on two vessels linked to its state-owned oil company as they passed through the Strait of Hormuz a day earlier. Iran has imposed an effective blockade of the strait, frequently attacking commercial […]
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Oil prices top of mind at the Calgary Stampede rodeo
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Oil prices top of mind at the Calgary Stampede rodeo – CBS News Watch CBS News The Calgary Stampede is the largest outdoor rodeo in the world. And with Alberta holding the fourth-largest proven oil reserve in the world, high oil prices are playing a part in the show. Ian Lee reports. Oil prices top […]
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Middle East oil producers seek Strait of Hormuz alternatives as the U.S.-Iran war escalates
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Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude […]
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