** India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told CNBC TV18 news channel. India’s plan could be similar to a move by Australia, which last month said it would build up an emergency oil stockpile initially by buying crude to store …
May 27, 2020 archive
Oil/gas leases thrown out by Montana federal judge
A federal judge in Montana has thrown out hundreds of federal oil and gas leases after determining the Interior Department failed to protect sage grouse habitat. Chief Judge Brian Morris of the U.S. District Court in Montana in a Friday ruling struck down 440 oil and gas leases across 525 square miles in the West. Morris …
Biofuels battle isn’t finished for small refinery operators
Efforts by the Wynnewood Refining Company and Holly Refinery operations to obtain biofuel waivers from the EPA are far from over, even though the 10th U.S. Circuit Court of Appeals ruled against the small refinery operators. A U.S. biofuel trade group asked the Trump administration on Friday to deny requests from refiners seeking retroactive biofuel …
Iranian tankers arrive in Venezuela with gasoline shipments
Despite having one of the world’s largest reserves of crude oil, Venezuela is starving to death because it cannot get the oil out of the ground and cannot sell what it produces. So this week, the Iranian oil tanker Fortune slipped quickly into Venezuelan waters becoming the first of five tankers from the Islamic Republic …
Impact of Boeing layoffs unclear in Oklahoma City and Tinker Air Force Base
Thousands of workers for Boeing Co. lost their jobs this week but it’s not clear whether the layoffs will hit the company’s Oklahoma operations, most of which are centered around Tinker Air Force Base in Oklahoma City. The company announced Wednesday the layoff of 6,770 workers as part of a plan to eventually reduce …
California court rules against oil companies fighting climate change lawsuits
A California federal Court of Appeals ruled this week against ConocoPhillips and several other major oil companies sued by cities and counties seeking damages for the impact of climate change. The Associated Press reported the 9th U.S. Circuit Court of Appeals rejected arguments by energy companies and ruled state courts are the proper forum for …
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