California Leads 13 States in Lawsuit Over Canceled Clean Energy Funds
A dozen states, led by California, are suing the federal government for the cancellation of billions in funding for alternative energy projects approved by Congress. The suit was filed with…
U.S. to Redirect Venezuelan Oil Royalties Into a Treasury-Controlled Fund
Energy companies that want to produce crude oil in Venezuela will be paying local taxes and fees to the Venezuelan government, but royalty payments and federal taxes will go into…
Oil Extends Wednesday Rally
Brent crude is trading slightly higher this morning, extending yesterday’s rally as the geopolitical risk premium was repriced higher on renewed U.S.-Iran tensions. That’s what Ole R. Hvalbye, a commodities…
U.S. Crude Oil Inventories Plunge Following Massive Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 609,000 barrels in the week ending February 13, after increasing by 13.4 million barrels…
