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California Sues 5 Major Oil Companies Over Climate Risks Deception
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.
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Big Oil Sued In US Over Climate Damages
Attorney Jeffrey B. Simon helped families affected by the opioid crisis obtain settlements worth more than $2.7 billion against leading pharmaceutical companies.
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China's Xi Meets Iran President In Beijing Amid Rising Tensions With US
In September, the United States imposed new sanctions on companies involved in Iran oil exports, including five based in China.
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Oil Major BP Says Quarterly Profit More Than Double To $8.2 Billion
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.
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US Sanctions Indian Company For Iran Oil Deal
A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.
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"Ouch. Inflation Is...": Jeff Bezos Slams Biden Appeal To Lower Fuel Rates
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.
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4 Companies That Could Lose Big As Crude Oil Prices Head Higher. Should You Exit?
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.
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US Giants ExxonMobil, Apple, Boeing Cut Ties With Russia
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.
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Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
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.
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Paid $4.4 Million To Hackers After Cyberattack, Says US Oil Pipeline Chief: Report
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.
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US Oil Pipeline Ransomware Attack: Joe Biden Says Russian Group DarkSide Behind Colonial Pipeline Incident
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.
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Xiaomi, 8 More Chinese Companies Blacklisted by US Government Over Alleged Military Links
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.
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Trump Administration Adds China Chipmaker, Oil Giant To Defense Blacklist
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.
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Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
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.
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Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
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.
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California Sues 5 Major Oil Companies Over Climate Risks Deception
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.
-
Big Oil Sued In US Over Climate Damages
Attorney Jeffrey B. Simon helped families affected by the opioid crisis obtain settlements worth more than $2.7 billion against leading pharmaceutical companies.
-
China's Xi Meets Iran President In Beijing Amid Rising Tensions With US
In September, the United States imposed new sanctions on companies involved in Iran oil exports, including five based in China.
-
Oil Major BP Says Quarterly Profit More Than Double To $8.2 Billion
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.
-
US Sanctions Indian Company For Iran Oil Deal
A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.
-
"Ouch. Inflation Is...": Jeff Bezos Slams Biden Appeal To Lower Fuel Rates
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.
-
4 Companies That Could Lose Big As Crude Oil Prices Head Higher. Should You Exit?
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 Giants ExxonMobil, Apple, Boeing Cut Ties With Russia
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.
-
Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads
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.
-
Paid $4.4 Million To Hackers After Cyberattack, Says US Oil Pipeline Chief: Report
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.
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US Oil Pipeline Ransomware Attack: Joe Biden Says Russian Group DarkSide Behind Colonial Pipeline Incident
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.
-
Xiaomi, 8 More Chinese Companies Blacklisted by US Government Over Alleged Military Links
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.
-
Trump Administration Adds China Chipmaker, Oil Giant To Defense Blacklist
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.
-
Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
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.
-
Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
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.
