Monday, March 24, 2025
Trump meets with oil execs as U.S. scales down environmental rules- oil and gas 360

Trump meets with oil execs as U.S. scales down environmental rules

(World Oil) – The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday. Industry leaders say they have plenty of reasons to give thanks. Trump is an unabashed champion of U.S. oil and gas production who has vowed to

Greenpeace must pay pipeline company nearly $667 million over Standing Rock protests, jury says- oil and gas 360

Greenpeace must pay pipeline company nearly $667 million over Standing Rock protests, jury says

(BOE Report) – Greenpeace must pay a Texas-based pipeline company nearly $667 million in damages for the environmental advocacy group’s role in 2016-2017 protests against the Dakota Access Pipeline in North Dakota, a jury said Wednesday. The verdict in North Dakota state court came after two days of deliberations in a trial where pipeline company Energy Transfer accused Greenpeace of

US imposes sanctions on teapot oil refinery and CEO for Iranian oil purchases- oil and gas 360

US imposes sanctions on teapot oil refinery and CEO for Iranian oil purchases

(Investing) – The Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced sanctions against a teapot oil refinery and its CEO for purchasing and refining Iranian crude oil worth hundreds of millions of dollars. The oil was sourced from vessels linked to Ansarallah, a Foreign Terrorist Organization, and the Iranian Ministry of Defense of Armed Forces Logistics (MODAFL). The refinery,

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 9 Bcf

Natural Gas Inventories as of March 14, 2025 The EIA has released its natural gas inventory report, showing a net increase of 9 Bcf as of March 14, 2025. Working gas in storage was 1,707 Bcf as of Friday, March 14, 2025, according to EIA estimates. This represents a net increase of 9 Bcf from the previous week. Stocks were