From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia. Picture Alliance | Picture Alliance | Getty Images Russia’s government announced on Friday the lifting of the ban on diesel exports delivered to sea ports via pipelines. This move comes as part of the …
An off-shore oil platform off the coast in Huntington Beach, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images It’s been a fierce debate between two major players in the energy industry – the International Energy Agency (IEA) and OPEC – as they clash over the future …
During a lengthy speech shortly after his departure as speaker of the House, Rep. Kevin McCarthy (R-Calif.) highlighted the legislative wins during his leadership, including the “Lower Energy Costs Act.” However, this bill is currently stuck between the two chambers of Congress and going nowhere fast. Furthermore, it’s nothing more than a giveaway to the …
Sam Bankman-Fried Trial at Federal Court in New York on October 4th, 2023, Features Testimony from First Witness London-based commodities broker, Marc-Antoine Julliard, known for trading cocoa beans, made the decision in 2021 to expand his portfolio into cryptocurrency trading. Julliard chose the platform FTX for his foray into this new market. Fast forward two …
Martina Strong, U.S. Amabassador to the United Arab Emirates, asserts that the U.S. is unequivocally the most influential foreign policy player in the Middle East. Strong’s statement comes approximately one year after President Joe Biden threatened “consequences” for Saudi Arabia’s decision to cut oil production against the wishes of the United States and its allies. …
Bernard Looney gestures as he addresses the gathering on the second day of the three-day B20 Summit in New Delhi on August 26, 2023. Arun Sankar | Afp | Getty Images Former BP CEO Bob Dudley expressed his surprise at Bernard Looney’s sudden resignation last month and denied any prior knowledge of Looney’s past personal …
A year ago, Sam Bankman-Fried was hailed as a titan of the industry, living a luxurious life in a $40 million penthouse in the Bahamas while overseeing a crypto empire worth $32 billion. However, things have taken a dramatic turn, as Bankman-Fried will now face trial in a Manhattan federal court in New York for …
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters Sam Bankman-Fried, the alleged crypto criminal who stands accused of masterminding one …
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images Southeast Asian countries are anticipated to emerge as major contributors to the LNG market by 2030, according to industry experts. The global trade in liquefied natural gas documented a record surge in 2022, primarily driven by soaring demand from Europe, …
E-commerce giant eBay is facing a lawsuit filed by the U.S. Justice Department on Wednesday, accused of selling “hundreds of thousands” of products that violate environmental protection laws. The lawsuit alleges California-based eBay violated laws including the Clean Air Act, the Federal Insecticide, Fungicide, and Rodenticide Act, and the Toxic Substances Control Act. File Photo …