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Germany will keep Russian oil giant Rosneft subsidiaries under its control for another 6 months

BERLIN (AP) — The German government said Friday it will keep two subsidiaries of Russian oil giant Rosneft under the control of German authorities for another six months. The government announced a year ago that it was putting Rosneft Deutschland GmbH and Rosneft...

Greek shipper pleads guilty to smuggling Iranian crude oil and will pay $2.4 million fine

DUBAI, United Arab Emirates (AP) — A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, U.S. federal court papers seen Thursday by The Associated Press show. Empire Navigation agreed to be...

Biden administration cancels remaining oil and gas leases in Alaska’s Arctic Refuge

JUNEAU, Alaska (AP) — In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s...

Saudi Arabia, Russia plan to extend 1.3 million barrel a day oil cut through the end of the year

DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from...

California regulators approve more gas storage capacity at the site of the worst US methane leak

LOS ANGELES (AP) — California regulators on Thursday approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from their Los Angeles homes...
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