STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - An oil and gas industry trade group, the state of Louisiana and Chevron on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico to protect an endangered whale.
Biden paused federal drilling auctions shortly after taking office in 2021 as part of his climate change agenda, but the year-old Inflation Reduction Act requires that the government hold the Gulf of Mexico lease sale planned for next month.
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Oil companies sue U.S. over Gulf auction changes meant to protect whaleThe suit is the latest dispute between the oil and gas industry and the administration of President Joe Biden over leasing federal lands and waters for energy development. Biden paused federal drilling auctions shortly after taking office in 2021 as part of his climate change agenda, but the year-old Inflation Reduction Act requires that the government hold the Gulf of Mexico lease sale planned for next month.
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Biden Trims Gulf Oil Lease Area to Protect Rare Whale HabitatThe Biden administration plans to auction 67 million acres in the Gulf of Mexico for oil and gas development in a lease sale next month, cutting 9% from the initial proposal.
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BoE Bank Rate peak seen at 5.50%, but strong chance of 5.75%: Reuters pollBy Shaloo Shrivastava and Jonathan Cable BENGALURU/LONDON (Reuters) - The Bank of England is now marginally predicted to make only one more increase to ...
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Oil ticks up as markets weigh rate hikes, China gloomBy Yuka Obayashi and Andrew Hayley BEIJING (Reuters) -Oil prices ticked up in Asian trade on Wednesday, as markets weighed weak demand indicators from top ...
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Iraq and Turkey Yet to Agree on Resuming Crucial Oil PipelineTurkey and Iraq have failed to reach a breakthrough so far in talks to restart a crucial oil pipeline whose closure has cut off nearly half a million barrels of crude from global markets.
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