A former California oil field has faced development pressure for 50 years; after a 25-year preservation fight, supporters are $20 million short of a $95 million land purchase
Sign in West Coyote Hills advertising proposed trails. (Photos: Fullerton Observer) For 50 years, West Coyote Hills in Fullerton, California, has faced the threat of development. The 510-acre open space is a former oil field owned by Chevron-Pacific…
Opportunities in India’s oil and gas sector showcased in Singapore, energy majors and investors attend
Singapore, Global energy majors and investors took note of the multi-billion-dollar opportunities in India’s oil and gas and the reforms underpinning them at an India energy showcase held in Singapore on Monday. Opportunities in India’s oil…
Oil price today: Brent tops $91 as US-Iran strikes raise Strait of Hormuz supply fears
Oil prices jumped more than 3.5% on Monday as fresh military strikes between the US and Iran raised fears that the conflict could disrupt global oil supplies. The conflict has now entered its sixth month. Brent crude prices rose $3.15, or 3.58%, to…
‘Gift from Venezuela’: Donald Trump says oil deal will help refill ‘virtually emptied’ US strategic reserve
Donald Trump said the process of refilling the reserve would begin shortly US President Donald Trump on Sunday said oil secured under a recently announced deal with Venezuela would be used to replenish the Strategic Petroleum Reserve (SPR), which has…
US set to take control of major portion of Venezuelan oil wealth
US set to take control of major portion of Venezuelan oil wealth The US is set to take majority control over a huge amount of Venezuela’s oil wealth in an unprecedented manoeuvre that officials said would create the world’s second-largest private oil…
Oil jumps over $2 after Trump rejects return to Iran ceasefire deal terms
By Siddharth Cavale Oil jumps over $2 after Trump rejects return to Iran ceasefire deal terms NEW YORK, – Brent crude prices jumped by more than $2 a barrel on Thursday, after a Wall Street Journal report said U.S. President Donald Trump is not…
In 1976, Michigan created a conservation fund from oil, gas and mineral revenues; 50 years later it has awarded nearly $1.4 billion and is putting $6.5 million toward almost 22,650 Keweenaw acres
One of the biggest allocations is for the Keweenaw Peninsula (Photo: Michael George via The Nature Conservancy) Michigan has awarded nearly $1.4 billion for land protection and recreation projects across the state. The Michigan Natural Resources Trust…
China warns US of retaliation if Trump’s ‘Economic D-Day’ sanctions hit their Iran oil trade
China has warned the US that it could retaliate if Washington significantly expands secondary sanctions on Chinese companies doing business with Iran China has warned that it could take retaliatory measures if the United States significantly expands…
Oil prices fall as Trump targets Iran: What it means for gas prices, Brent crude, WTI and global markets
Oil prices fell on Monday as investors waited for the US to announce new measures aimed at putting more economic pressure on Iran. Brent crude, the global oil benchmark, fell 1.8% to about $93 a barrel. West Texas Intermediate (WTI), the US oil…
Why are oil prices rising? US-Iran tensions threaten Middle East oil supply
Oil prices slipped slightly on Friday but remained on track for a second straight weekly gain. The drop came as tensions between the United States and Iran increased, raising fears that oil supplies from the Middle East could face more disruptions. Oil…