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Oil Industry

All articles tagged with #oil industry

Newsom urges Californians to skip Chevron as gas prices surge for Memorial Day
politics4 days ago

Newsom urges Californians to skip Chevron as gas prices surge for Memorial Day

California Gov. Gavin Newsom’s office urged motorists to avoid Chevron stations over Memorial Day weekend, citing a state energy-commission analysis that Chevron prices run roughly 60–80 cents per gallon higher than unbranded fuel. With California averaging about $6.14 per gallon and a high gas tax, the move reflects ongoing tensions over oil profits and climate policies as the state contends with industry blame, refinery changes, and a global price uptick tied to geopolitics.

via ABC7 Los Angeles|
#california#chevron#gas-prices
Michigan targets oil giants in antitrust bid to slow clean energy transition
law3 months ago

Michigan targets oil giants in antitrust bid to slow clean energy transition

Michigan Attorney General Dana Nessel filed a federal-state antitrust lawsuit against BP, Chevron, ExxonMobil, Shell and the American Petroleum Institute, accusing a cartel-like conspiracy to delay the adoption of cleaner technologies (solar power and electric vehicles) to protect fossil fuels and keep energy costs high. The complaint frames an antitrust violation rather than climate misinformation, but experts say proving an actual agreement and damages will be challenging and could hinge on discovery; the suit faces potential motions to dismiss and questions of timing. The case echoes other climate lawsuits and comes amid a broader push in Congress for liability shields for oil interests.

via Ars Technica|
#antitrust#climate-policy#electric-vehicles
UK court hears lavish lifestyle alleged in Nigerian oil bribery case
world3 months ago

UK court hears lavish lifestyle alleged in Nigerian oil bribery case

A former Nigerian minister of petroleum resources, Diezani Alison‑Madueke, is on trial in London accused of taking bribes linked to lucrative oil contracts, with prosecutors detailing a 'life of luxury' in the UK funded by energy firms, including more than £2m spent at Harrods and substantial property refurbishments; she denies five counts of bribery and conspiracy to commit bribery, and the trial is expected to run about 12 weeks.

via BBC|
#bribery#harrods#nigeria
Michigan Sues Oil Giants for Suppressing Electric Vehicles
business4 months ago

Michigan Sues Oil Giants for Suppressing Electric Vehicles

Michigan Attorney General Dana Nessel filed a federal antitrust suit against BP, Chevron, ExxonMobil, Shell, and the American Petroleum Institute, alleging a decades-long cartel to suppress renewable energy and EV competition, keep energy prices high, and hinder charging infrastructure and EV development. The state seeks damages and restitution, arguing the conspiracy limited consumer choices and accelerated fossil-fuel dependence, amid a broader shift in auto industry strategy and energy policy.

via InsideEVs|
#antitrust#business#electric-vehicles
Michigan sues oil giants, alleging cartel-style scheme to curb renewables and raise prices
business4 months ago

Michigan sues oil giants, alleging cartel-style scheme to curb renewables and raise prices

Michigan Attorney General Dana Nessel filed a federal antitrust suit against BP, Chevron, ExxonMobil, Shell, and the American Petroleum Institute, alleging a cartel-like effort to restrain competition and slow the renewable-energy transition, contributing to artificially high energy costs for Michigan residents. The suit seeks a permanent injunction, treble damages, and repayment of profits; API called the claims baseless, while supporters urge action to accelerate clean energy.

via detroitnews.com|
#antitrust#business#energy-costs
Venezuela’s Chavistas pivot toward Washington after Maduro’s capture
world4 months ago

Venezuela’s Chavistas pivot toward Washington after Maduro’s capture

Since Maduro's capture by U.S. forces, Venezuela’s Chavista leadership is signaling a pragmatic turn toward Washington, courting energy deals and investment, as U.S. officials broker arrangements and release detainees; analysts warn the shift may be a power-preservation strategy amid sanctions and internal rivalries, notably with Diosdado Cabello.

via The Washington Post|
#delcy-rodriguez#nicolas-maduro#oil-industry
Trump discusses Venezuela oil issues and meets with industry leaders
world4 months ago

Trump discusses Venezuela oil issues and meets with industry leaders

President Trump claimed Venezuela stole American oil, citing nationalization and asset seizures, but experts clarify that Venezuela's oil belongs to the government, and US companies had contractual rights. The history of nationalization, corruption, and legal claims complicates the situation, with the US now exploring oil exports from Venezuela amid political instability and industry decline.

via CBS News|
#nationalization#oil-industry#oil-theft