Saturday, February 22, 2025
Biden nearing methane crackdown targeting oil and gas producers- oil and gas 360

Biden nearing methane crackdown targeting oil and gas producers

World Oil WASHINGTON (Bloomberg) –The free ride for methane, a climate-warming gas 84 times stronger than carbon dioxide, is nearing an end in Washington. While one atmosphere-heating pollutant after another has fallen under regulators’ sway, powerful petrochemical interests and, until recently, scientific uncertainty about the scale of the problem, have thwarted methane restrictions. That will begin to change in coming

Fossil fuel extraction limits coming, says U.S. Interior Secretary- oil and gas 360

Fossil fuel extraction limits coming, says U.S. Interior Secretary

World Oil WASHINGTON (Bloomberg) –Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing. She said the review would seek to restore balance on uses of some 245 million acres (99 million hectares) of government land

Oil heads for third week of gains as supply tightens- oil and gas 360

Oil heads for third week of gains as supply tightens

Reuters LONDON  -Oil prices declined on Friday to $77 a barrel, holding near a three-year high as they headed for a third straight week of gains, supported by global output disruptions and inventory draws. The rally was slightly dampened by China’s first public sale of state crude reserves. Brent crude was down 27 cents, or 0.35%, at $76.98 a barrel