Oil Surges As Saudi Pipeline Crisis Puts 4% Of Global Supply At Risk; Bernstein Warns Of $150 Crude

India To Climate Cartel: Count Us Out Authored by Vijay Jayaraj via American Greatness, Sometimes a story gets buried not because editors conspire against it, but because the news cycle has room for only one crisis at a time. This year the big news has been the Iran war. But even accounting for competing headlines, the silence around a genuinely consequential development is telling. And that is the story of India’s explicit rejection of the global net zero movement. India has walked away from its bid to host the COP33 UN climate conference, and...

BP Weighs North Sea Exit Under New CEO Authored by Michael Kern via OilPrice.com, BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive...

A UN fact-finding mission concluded that the US intentionally targeted a school building in Iran that was struck on the opening day of the war, rejecting the possibility that the school was accidentally hit during an attack on a neighboring Iranian military facility. The investigators found reasonable grounds to believe the attack constituted a war […]