This post was originally published on this siteNov 12, 2021 (Bloomberg) One hour after U.S. government data showed on Wednesday that American inflation had soared to a 31-year high, President Joe Biden vowed to fight the surge as “a top priority.”Key to his administration’s response, Biden said in a statement, would be addressing the rising cost […]

This post was originally published on this siteMOSCOW, Nov 12 (Reuters) – Russia’s Rosneft (ROSN.MM) the world’s second-biggest oil company by output after Saudi Aramco, warned on Friday of a potential “super cycle” in global energy markets, raising the prospect of even higher prices as demand outstrips supply. Surging oil prices, boosted by rebounding economies worldwide,

This post was originally published on this siteAUSTIN, Texas, Nov. 12, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Laredo Oil, Inc. (“Laredo Oil”) (OTC: LRDC) announces today it has received a reserve report from an independent petroleum engineering firm estimating that interests of proved undeveloped, probable undeveloped and contingent reserves, and forecasts of economics attributable to

This post was originally published on this siteNov 12, 2021 (Bloomberg) Oil headed for its longest run of weekly losses since March as President Joe Biden kept investors guessing about whether he’ll act to tame prices that have helped to stoke a surge in U.S. inflation, hurting consumers. West Texas Intermediate fell 1.5%, putting crude on

This post was originally published on this siteLONDON, Nov 11 (Reuters) – Oil prices are expected to stabilise near current levels over the next few months, then decline progressively over the course of next year, according to the latest forecasts from the U.S. Energy Information Administration. The EIA expects output increases from OPEC+, U.S. shale

This post was originally published on this siteLONDON, Nov 12 (Reuters) – Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign of investors taking

This post was originally published on this siteTexas Railroad Commission Chairman Wayne Christian, a frequent critic of climate-change activists and alternative energy, is facing an increasingly crowded field for re-election next year. The staunch Donald Trump supporter who leads the Lone Star state’s top oil regulator is seeking a second term on the three-person panel.

This post was originally published on this siteNov 11, 2021 (Bloomberg) California’s gasoline prices are only two cents away from hitting an all-time high as fuel prices have soared nationwide just two weeks ahead of the Thanksgiving holiday.Retail prices in the state of California were averaging $4.65 per gallon, just two cents shy of hitting the

This post was originally published on this siteBy David Wethe (Bloomberg)  Civitas Resources Inc., a Colorado shale driller created via a series of mergers earlier this year, said it has accumulated enough credits to cover its 1 million tons of annual carbon emissions from the company’s oilfield activities. The credits cover emissions from the company’s

This post was originally published on this siteNov 11, 2021 (Bloomberg) Talks on creating a global carbon market ran into new obstacles, highlighting how difficult it will be to break a six-year deadlock on an issue seen as a key benchmark of success for COP26. Negotiations on carbon trading exposed fault lines late Thursday with countries