Oil & Gas - Page 2

An oil pump jack operating at an oil field in California.

October 7, 2026

Oil Prices Rise: Why Brent Topped $100

Brent crude crossed $100 per barrel on Wednesday after Houthi drone and missile strikes targeted Saudi infrastructure, prompting a sharp repricing of regional supply risks. Saudi Aramco has not confirmed the operational

U.S. Navy sailor watches an MH-60R Sea Hawk during operations aboard USS Roosevelt in the Strait of Hormuz.

Energy·News·Policy·World

Iran Offered to Reopen Hormuz in 7 Days—Trump Said No as 20% of Global Oil Hangs in Limbo

— Trump Rejects Iran's Seven-Day Hormuz Reopening Plan as Oil Markets React Retail gasoline prices often respond to changes in crude-oil prices with a delay—and the duration of any disruption will ultimately determine how far they move. Trump’s rejection of

September 27, 2026

Hormuz Tanker Risk and U.S. Gas Prices: Why Pump Costs Can Move Within Days

Energy·USA

Your gas bill could rise within days. A military confrontation in the Strait of Hormuz — the narrow waterway through which roughly one-fifth of

North Sea Windfall Tax: Why OEUK’s Levy Fight Will Not Directly Cut UK Energy Bills

Business·Energy·UK

The oil and gas industry lobby group Offshore Energies UK (OEUK) has published a major economic report urging Chancellor Rachel Reeves to scrap the

Environment·Waste

Record High Single-Use Plastic Use Despite Increased Awareness: Report

The use of single-use plastic reached a record high in 2021, with an increase of one kilogram per person compared to the previous year. This is despite increased awareness, corporate responsibility, and

Govind Tekale

February 8, 2023

Energy·USA

Biden Administration Weighs Approval of $8 Billion Willow Oil Drilling Initiative In Alaska

On Wednesday, the administration of President Joe Biden recommended a reduced version of a significant oil drilling initiative in Alaska’s North Slope. This step towards potentially approving the $8 billion Willow plan,

Karmactive Team

February 3, 2023

Business·Energy·News

Shell’s Move into the EV Industry: The $169 Million Purchase of Volta

The big oil and gas corporation Shell, recently made a significant investment to acquire Volta, a leading provider of electric vehicle (EV) charging stations. Volta has over 3,000 charging stations in operation

Rahul Somvanshi

January 21, 2023

Energy·News·USA

US Fuel Production To Be Affected By Heavy Schedule Of Refinery Maintenance

Data providers have revealed that US oil refineries are planning to conduct twice as many maintenance overhauls this spring compared to the usual number , as the European Union’s ban on Russian

Karmactive Team

January 19, 2023

Energy·News·USA

Wyoming’s Plans to End EV Sales by 2035 to Safeguard Oil & Gas Industry

The State of Wyoming is open to the possibility of banning the electric vehicle sales of by 2035. This new bid comes in effort to preserve its oil and gas industry. A

Rahul Somvanshi

January 16, 2023

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