Oil Archives - Page 2 of 7

Fuel Storage Facility Explodes Suddenly in Indonesia, at Least 15 Dead

A large fuel storage facility in Indonesia has exploded, triggering a huge blaze and killing at least 15 people, according to reports. The fuel storage station is located near a densely populated neighborhood in the nation's capital Jakarta. After the explosion, the fire spread through the neighborhood for more than…

3 Separate Oil Facilities Explode Suddenly in 24 Hours

Three oil facilities in separate locations across Mexico and the United States have suffered huge fires after sudden explosions, according to reports. The explosions all occurred in the space of 24 hours. All three facilities, including one in Texas, are controlled by the state-owned Mexican oil company, Petroleos Mexicanos (PEMEX).…

U.S to Sell 26 Million Barrels of Oil from Strategic Petroleum Reserve, Will Hit Lowest Level in 40 Years

The Biden administration is planning to sell off millions of barrels of oil from America's Strategic Petroleum Reserve (SPR). 26 million barrels will be sold this fiscal year, a move that will cause the SPR to drop to its lowest level in 40 years. The sell-off comes after a sale…

Entire Republican Party Erupts in Laughter as Biden Says ‘We’re Going to Need Oil for at Least Another Decade’

Democrat President Joe Biden was met with heckles, boos, and loud laughter from the Republican Party throughout his State of the Union address last night. Rep. Majorie Taylor Greene (R-GA) stood up and called out Biden for falsely claiming during his speech that the GOP wanted to cut Social Security and…

Biden Bans Mining in Minnesota’s Iron Range as State Democrats Pass Bill Banning Coal, Oil & Gas

President Joe Biden has banned mining in Minnesota's Iron Range at the same time as the state's Democrat lawmakers have passed a bill banning the use of coal, oil, and gas. The historic legislation passed in the Minnesota House of Representatives on Thursday, despite the state being one of the…

House Votes to Limit Strategic Petroleum Reserve Release, against Biden Admin’s Wishes

The Republican-controlled House of Representatives has passed a bill to limit the ability of President Joe Biden's administration to release America's oil stockpile. After a lengthy debate over numerous amendments, the House passed the bill on Friday, against the Biden admin's wishes. The move to protect the Strategic Petroleum Reserve…

Oil Executives Say Biden Is ‘Holding Us Back,’ Dallas Federal Reserve Survey Shows

American oil company executives argue that President Joe Biden's policies are restricting the energy industry, a new survey has revealed. The third quarter Federal Reserve Bank of Dallas Energy Survey suggests that U.S. oil and gas sector activity advanced at a strong pace, although the rate of expansion decelerated in…

Biden Snaps at Voter, Vows ‘No More Oil Drilling!’

Democrat President Joe Biden snapped at a voter during an event over the weekend and vowed that there will be "no more [oil] drilling!" On Sunday, Biden hosted a political rally at Sarah Lawrence College in New York for Democrat gubernatorial candidate Kathy Hochul. During Biden's address at the event,…

Saudi Arabia Hands GOP Evidence to Impeach Biden, Dooms Democrats

Saudi Arabia issued a devastating rebuke of Democrat President Joe Biden and handed Republicans their first article of impeachment when they take back the House of Representatives. A report has surfaced claiming Biden and his team asked the Saudis to wait until after the midterm elections before the Organization of…

Europe Facing ‘Worst Energy Crisis in Decades’ without Russian Oil

Experts are warning that Europe is now facing the "worst energy crisis in decades" without the flow of cheap Russian oil. In December, a European ban on most crude imports from Russia will come into effect. EU leaders are now tasked with finding new sources of crude oil ahead of…