Us Oil Companies

The US state of California sued five of the world's largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimising the risks from fossil fuels, according to a court filing.

Attorney Jeffrey B. Simon helped families affected by the opioid crisis obtain settlements worth more than $2.7 billion against leading pharmaceutical companies.

In September, the United States imposed new sanctions on companies involved in Iran oil exports, including five based in China.

US President Joe Biden had on Monday said that he plans to seek tax penalties for oil companies unless they invest their record profits in lowering consumer costs.

A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.

Amazon founder Jeff Bezos has criticised President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

Crude oil prices hit a 14-year high in 2022, almost touching US$140 a barrel in March on the back of war and trade related disruptions.

US oil giant ExxonMobil announced Tuesday it will begin a phased withdrawal from the major oil field it operates in Russia on behalf of a consortium including Russian, Indian and Japanese companies, citing Moscow's invasion of Ukraine.

While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.

Colonial Pipeline paid $4.4 million in ransom to hackers after a cyberattack because it was "the right thing to do for the country," the US company's head said, according to a Wall Street Journal report Wednesday.

US President Joe Biden said that a Russia-based group was behind the ransomware attack that forced the shutdown of the largest oil pipeline in the eastern United States.

The US government has blacklisted Chinese smartphone maker Xiaomi and China’s third-largest national oil company CNOOC for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office.

The Trump administration on Thursday added China's top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.

The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.

The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.

The US state of California sued five of the world's largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimising the risks from fossil fuels, according to a court filing.

Attorney Jeffrey B. Simon helped families affected by the opioid crisis obtain settlements worth more than $2.7 billion against leading pharmaceutical companies.

In September, the United States imposed new sanctions on companies involved in Iran oil exports, including five based in China.

US President Joe Biden had on Monday said that he plans to seek tax penalties for oil companies unless they invest their record profits in lowering consumer costs.

A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.

Amazon founder Jeff Bezos has criticised President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.

Crude oil prices hit a 14-year high in 2022, almost touching US$140 a barrel in March on the back of war and trade related disruptions.

US oil giant ExxonMobil announced Tuesday it will begin a phased withdrawal from the major oil field it operates in Russia on behalf of a consortium including Russian, Indian and Japanese companies, citing Moscow's invasion of Ukraine.

While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.

Colonial Pipeline paid $4.4 million in ransom to hackers after a cyberattack because it was "the right thing to do for the country," the US company's head said, according to a Wall Street Journal report Wednesday.

US President Joe Biden said that a Russia-based group was behind the ransomware attack that forced the shutdown of the largest oil pipeline in the eastern United States.

The US government has blacklisted Chinese smartphone maker Xiaomi and China’s third-largest national oil company CNOOC for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office.

The Trump administration on Thursday added China's top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.

The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.

The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.