oil

MOSCOW—A fire was extinguished at Volgograd oil refinery in southern Russia on Saturday following a drone attack, local authorities said. Russia and Ukraine have targeted each other’s energy infrastructure in strikes designed to disrupt supply lines and logistics and to demoralise their opponent as they try to get the edge in a nearly two-year-old conflict […]

Fox News’ Jan. 9 town hall with Florida Gov. Ron DeSantis was almost over when a group of protesters interrupted him with chants of “No oil money!” At least one was taken down by security while approaching the stage. “Well, you guys, that was a mistake. You guys didn’t get that one right,” Mr. DeSantis […]

The United States is producing record amounts of crude oil today, exceeding pre-pandemic levels, despite President Joe Biden’s promise in 2020 to “end fossil fuel.” Since the beginning of October, domestic crude output has accelerated and reached as high as 13.3 million barrels per day (bpd), according to the Energy Information Administration (EIA). In March […]

The Houthi attacks in the Red Sea are impacting global supply chains and causing oil and freight costs to rise. How seriously should the United States be taking this as a national security issue? NTD spoke with Jim Nelles, a supply chain consultant and economic analyst, for his perspective.

We take a look at a round-up of some of China’s biggest economic problems, and how they could affect the United States. Iran and Argentina are giving different answers to an invitation looking to counter the West. What could their decisions mean for their economies? The Netherlands just blocked the world’s only supply of high-tech […]

CONAKRY—An explosion at an oil terminal in Guinea’s capital Conakry killed at least 13 people and injured 178 on Monday, the government said, as firefighters worked through the afternoon to fully extinguish the blaze. The blast at the West African nation’s main oil terminal rocked the Kaloum administrative district in downtown Conakry early in the […]

The security situation in the Red Sea and the Gulf of Aden is in the spotlight. The Pentagon said recently that missiles from Houthi rebels landed within mere miles of a U.S. naval vessel that was in the region to protecting an oil tanker from Somali pirates. NTD spoke to Grant Newsham, a retired Marine […]

A federal appeals court in New Orleans gave the Biden administration 37 days to move forward with the sale of oil and gas leases in the Gulf of Mexico, dismissing challenges from environmental groups in a ruling on Tuesday. The decision comes after a series of legal battles, primarily citing concerns over endangered whale species. […]

SPATA, Greece—In an olive grove on the outskirts of Athens, grower Konstantinos Markou pushes aside the shoots of new growth to reveal the stump of a tree—a roughly 150-year-old specimen, he said, that was among 15 cut down on his neighbor’s land by thieves eager to turn it into money. Surging olive oil prices has […]

The United States on Tuesday imposed sanctions on Burma’s most lucrative state-owned enterprise, the Myanma Oil and Gas Enterprise (MOGE), in a bid to stifle funding for the military junta’s arms supply. The sanctions, which will take effect on Dec. 15, prohibit Americans from “providing, exporting, or reexporting, directly or indirectly, financial services” to MOGE, […]

America’s emergency oil stockpile has plunged to 40-year lows. The strategic petroleum reserve is down by about 270 million barrels over the past two years, which is the lowest level since August 1983. In just a few days, nearly 44 million Americans are going to have to start repaying their student loan debt. Starting in […]

U.S. oil prices shot above $90 a barrel for the first time in 10 months, a bad sign for the Federal Reserve. The surge in oil prices is expected to push gasoline prices up even higher and worsen already rising inflation rates across the economy. The latest jump in energy prices is beginning to reverse some […]

U.S. oil prices soared past the $90-a-barrel mark for the first time this year—something that potentially doesn’t bode well for inflation.

In Beijing’s latest purge of top-tier defense officials, General Li Shangfu is the most senior leader to be “disappeared” inside China. What does the leadership shake-up mean for the Communist Party? Plus, a clue about why hints of China’s future war could be more than just talk. From mopping up Iranian crude oil to an […]

The Senate is backing a measure to bar sales of U.S. Strategic Petroleum Reserves to Beijing. The latest development in a Chinese hacking incident involves the targeting of specific U.S. email accounts. Are Chinese self-driving cars collecting American data? Lawmakers are pressing for answers. Plus, the real story of NTD’s founding. Websites were attacked, advertisers […]

WIMBLEDON, England—Grigor Dimitrov was about to serve at Wimbledon when two environmental activists jumped out of the stands at Court 18 and disrupted his match by scattering orange confetti and puzzle pieces on the grass. His initial instinct Wednesday? Get involved and try to stop them. “But then I also realized,” the three-time Grand Slam […]

As competition intensifies between the world’s two superpowers in areas of space and hypersonic technology, the U.S. Commerce Department is making another move. Who’s being targeted in the latest U.S. export crackdown? And how can America restrict the flow of its sensitive technologies? Topics in this episode: 43 China-Linked Entities Added to U.S. Blacklist U.S.: […]