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...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...As the west tries to reduce its oil consumption, Saudi Aramco has turned to China and other markets for growth....
...The Biden administration defended the LNG pause this week in a letter to the American Petroleum Institute, a Big Oil lobby group that has campaigned against it, saying the approvals process needed updating...
...Texas, the leading US oil-producing state, has declared Climate Action 100+ to be anti-oil and blocked financial companies, including BlackRock, from doing business with the government....
...Other Big Oil names will be interested in sharing in that success. So far the explorer estimates 10bn barrels of oil equivalent is in place, but it will drill more wells this year....
...The Cathiards of Ch Smith Haut Lafitte in Bordeaux have established Cathiard Vineyard in the lauded Rutherford foothills of the Mayacamas range on the west side of the valley....
...“Yes, we’re a big producer. But more importantly, we’re a big consumer, and that’s where our exposure lies.”...
...BP’s interest in hydrogen suggests big energy companies see the potential for green hydrogen to generate revenue....
...Reclaim Finance points out that this could be a big loophole....
...Chevron’s acquired acreage is just west of Galp’s. The American oil company has applied to drill as many as 10 wells starting in the fourth quarter of this year....
...In November, oil-producing countries were accused of stalling the first international agreement on cutting plastic pollution. “Big Oil is betting on plastic to save itself,” Marsh said....
...The move has been led by Saudi Arabia, which requires a high oil price in order to help pay for its big spending programmes, for instance on new cities or football....
...West Texas Intermediate, the US marker, added 1.4 per cent to $86.28 a barrel....
...A Big Read investigates....
...“Those were big boots to fill,” says Brown as we pass glasshouses of nectarine, apricot and peach blossom....
...West Texas Intermediate, the US equivalent, dropped 1 per cent to $86.01 per barrel....
...West Texas Intermediate, the US equivalent, was 1.2 per cent higher at $84.72 per barrel....
...West Texas Intermediate, the US equivalent, fell 3.1 per cent to $82.73....
...In that announcement, a flagship initiative of COP28 president Sultan al-Jaber, big energy companies accounting for 40 per cent of global oil output pledged to eliminate carbon emissions from their operations...
...The US equivalent West Texas Intermediate rose 3 per cent to $87.55....
...In early trading on Friday, Brent crude climbed above $90 a barrel while West Texas Intermediate rose towards $86....
...The price of Brent crude, the international oil benchmark, settled about 1.5 per cent higher to $90.65 a barrel on Thursday, while the West Texas Intermediate, the US oil benchmark, rose about 1.4 per cent...
...This year the oil company has had enough....
...“Even though we don’t use coal, we don’t use gas, we still import oil from our friends in Norway,” former finance minister Thórdís Kolbrún Reykfjörd Gylfadóttir told Moral Money....
...This campaign is also being fought against the backdrop of the in effect bankruptcy of Labour-run Birmingham city council, leading to big cuts in local services for the residents of the region’s biggest...
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