Opinion | California Has an Oil and Gas Problem
But Gov. Gavin Newsom opposes a Trump plan to restart an offshore drilling project. Source link
oil
Stock market attempts to stay optimistic on oil prices as Iran war roars on
The stock market appears optimistic that the war in Iran will end soon and that oil prices will drop. Joy Wiltermuth, a reporter for MarketWatch, joins CBS News with more details. Source link
Sable Offshore Resumes Oil Transport After Emergency Order
Sable Offshore resumed the transportation of oil through the Santa Ynez pipeline system off the California coast, following a Defense Production Act emergency directive from the Trump Administration. Source link
US Jet Fighters Target Iran’s Kharg Island Oil Hub
IE 11 is not supported. For an optimal experience visit our site on another browser. UP NEXT Airline CEOs Call on Congress to Fund TSA Amid Travel Chaos 02:12 Blizzard Conditions Pound Midwest as Severe Storm Moves East 03:45 Paula Doress-Worters, Women’s Health Activist, Dies at 87 02:00 This Paralympian Builds Prosthetics for Fellow Parathletes … Read more
Live Updates: Iran war keeps oil prices over $100 with Strait of Hormuz paralyzed despite Trump’s demands
8m ago Iranian drone strike sparks “significant fire” in UAE’s Fujairah oil zone Authorities in the United Arab Emirates said they were working Monday to contain a fire sparked by a drone strike on the Fujairah Oil Industries Zone. The regional government for Fujairah said there were no reported injuries, but it did not … Read more
Why gas prices have risen despite record U.S. oil production
IE 11 is not supported. For an optimal experience visit our site on another browser. Goats named Cosmo and Comet help kids learn how to read 00:46 Now Playing Why gas prices have risen despite record U.S. oil production 01:48 UP NEXT Chris Wright addresses concerns over surging energy prices 00:56 Energy secretary: Strait of … Read more
Use the stairs, work from home: Asia is already making big changes as oil prices spike
HONG KONG — The fallout from the U.S.-Israeli war with Iran and the effective closure of the Strait of Hormuz is being felt sharply in Asia, with authorities from New Delhi to Manila implementing emergency measures to shield consumers from mounting shortages and surging oil prices. On Friday, people in Nepal lined up at gas-filling … Read more
War in Iran squeezing U.S. oil supply, driving up gas prices
War in Iran squeezing U.S. oil supply, driving up gas prices – CBS News Watch CBS News The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez … Read more
U.S. Energy secretary directs Texas oil company to restore operations off California
U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off Southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act. Restoring Sable Offshore Corp.’s Santa Ynez unit and pipeline off Santa Barbara aims to address supply disruption risks, according to a … Read more
U.S. strikes key Iranian oil hub
U.S. strikes key Iranian oil hub – CBS News Watch CBS News President Trump said Friday night on social media that the U.S. struck a key Iranian oil hub on Kharg Island as tensions over the global oil supply ramp up amid Iran’s closure of the Strait of Hormuz. Source link