oil

Seawater seeping into decaying oil tanker off Yemen coast

June 27, 2020 The Associated Press

CAIRO — The United Nations said an abandoned oil tanker moored off the coast of Yemen loaded with more than 1 million barrels of crude oil is at risk of rupture or exploding, causing massive […]

Oil’s chaotic collapse deepens

April 21, 2020 Stan Choe, Associated Press

NEW YORK — The market’s spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have shut amid widespread stay-at-home orders. Global demand is set to […]

Oil price dives as OPEC, Russia fail to agree on output cut

March 6, 2020 David McHugh and Kiyoko Metzler, Associated Press

VIENNA — Talks between OPEC and non-member allies like Russia ended Friday without a deal on cutting oil production to limit a drop in the price of oil as the virus outbreak slashes demand. The […]

News

Guyana elects leader as vast oil boom dawns

March 5, 2020 Bert Wilkinson, Associated Press

GEORGETOWN, Guyana — Guyana voted for a new government in a bruising fight for control of a tiny South American country whose oil revenues in the next decade could make it one of the wealthiest […]

Pompeo tries rallying foreign leaders in alleged oil attacks

June 19, 2019 Ellen Knickmeyer | The Associated Press

WASHINGTON, D.C. — Secretary of State Mike Pompeo is working the phones to convince wary leaders in Asia and Europe that Iran was behind alleged attacks on shipping in a key Middle East oil route […]

Tankers targeted near Strait of Hormuz amid Iran-US tensions

June 13, 2019 The Associated Press

DUBAI, United Arab Emirates — Two oil tankers near the strategic Strait of Hormuz were reportedly attacked on Thursday, an assault that left one ablaze and adrift as sailors were evacuated from both vessels and […]

U.S. court dismisses climate change lawsuits against oil companies

June 27, 2018 North State Journal Staff

Los Angeles – A federal court in California side with oil companies Tuesday, dismissing lawsuits that blamed them for climate change. The cities of San Francisco and Oakland tried to sue five oil companies, but […]