Friday, May 2, 2025
Republicans warn Biden against using Strategic Petroleum Reserve as “political tool” amid rising summer gas prices- oil and gas 360

Republicans warn Biden against using Strategic Petroleum Reserve as “political tool” amid rising summer gas prices

World Oil (Bloomberg) – Top Republicans are warning the Biden administration against tapping into the nation’s strategic oil reserve to bring down gasoline prices with five months to go before the presidential election. The message, sent in a letter Wednesday to Energy Secretary Jennifer Granholm, comes as Biden administration officials have hinted they may be willing to release oil from

Republicans pitch clean US oil production at UN climate summit- oil and gas 360

Republicans pitch clean US oil production at UN climate summit

World Oil (Bloomberg) – U.S. House Republicans made the case for more U.S. oil production at the UN climate summit in Egypt, arguing that cleaner domestically produced crude is needed to meet growing demand. “If we are going to be increasing global demand of oil and gas we must ensure that the extraction, exploration and production activities are occurring in

Republicans withdraw $1 billion from BlackRock due to its ESG policies- oil and gas 360

Republicans withdraw $1 billion from BlackRock due to its ESG policies

Oil Price Multiple U.S. states governed by Republicans are withdrawing state funds from BlackRock’s management, as they disapprove of the ESG investment policies of the world’s top asset manager, the Financial Times reports.   In recent weeks, Louisiana, South Carolina, Utah, and Arkansas have announced they would divest funds from BlackRock totaling more than $1 billion. Last week, Louisiana State Treasurer