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BEIJING, Nov. 19 (Xinhua) -- China will cut the retail prices of gasoline and diesel starting Saturday, the country''s top economic planner said Friday. The prices of gasoline and diesel will go down by 95 yuan (about 14.88 U.S. dollars) per tonne and 90 yuan per tonne, respectively, according to the National Development and Reform Commission. Under the current pricing mechanism, if international crude oil

Nov. 19, 2021 The people of Nembe Basamri in Bayelsa on Thursday expressed concern over the air toxicity following prolonged exposure to gas and crude oil leaks from a nearby oil well operated by Aiteo Eastern Exploration Company. Recall that the oil firm had reported a leak from an oil well at its Santa Barbra South field within Oil Mining Lease (OML) 29 on Nov. 5 but community sources claimed that the leak was noticed on Nov 1. Residents at fishing settlements along the Nembe creeks have been living with the gas and crude discharge which has paralysed economic activities [] The post OML 29 well leak: Impacted communities raise alarm over air toxicity after death of toddler in suspected methane gas poisoning appeared first on Political Economist .

The people of Nembe Basamri in Bayelsa on Thursday expressed concerns over the air toxicity following prolonged exposure to gas and crude oil leaks from a nearby oil well operated by Aiteo Eastern Exploration Company. The oil firm had reported a leak from an oil well at its Santa Barbra South field within Oil Mining [] The post OML 29 well leak: Impacted communities cry out over risk to health appeared first on . .

Analysis: Environmentalists are worried the presence of large oil tankers in the Red Sea port of Eilat would endanger delicate coral reefs found there, and politics should not be taken into consideration in energy deals

Despite NNPC Claim, Fuel Marketers Predict N170/litre The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its depot price is projected to increase from N159/litre to N165/litre, oil marketers said on Thursday. Dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria [] The post Despite NNPC Claim, Fuel Marketers Predict N170/litre appeared first on Economic Confidential .

Given that Joe Biden turns 79 on Saturday, perhaps its no surprise he went old school attempting to deflect the problematic politics of rising gas prices. Hes blaming Big Oil. President Biden on Wednesday asked the Federal Trade Commission to investigate what is happening with oil and gas markets and bring all of the Commissions []

The Biden administration is scrambling to ease inflation concerns fueled by the rising energy prices. The latest move has asked China and some other large oil consumers to use their emergency reserves to cool down global prices. According to Reuters, President Joe Biden and his top aides have discussed a possible release of crude oil stockpiles []

ALMOST half of UK drivers have said they will be forced to cut back on spending this Christmas as a result of record high petrol and diesel prices. Read more here Daily Express :: Cars Feed No end in sight: Petrol and diesel prices keep soaring with chilling impact on drivers

According to the company, the demand continues to grow

"It simply does not make sense to put oil company profits over the future of an inhabitable planet," said Christy Goldfuss from the Center for American Progress, a liberal think tank.

A seven-man Host Communities Oil and Gas Conflict Resolution and Peaceful Coexistence Committee from

Frustrated by OPEC''s reluctance to speed up oil supplies, the US is asking big buyers such as China to consider releasing their own crude stocks.

When the leaders of more than 100 nations gathered in Glasgow for the U.N. climate conference last week, there was much discussion about the disastrous effect of climate change on the global environment. There was, however, little awareness of its likely political impact on the current world order that made such an international gathering possible. World orders are deeply rooted global systems that structure relations among nations and the conditions of life for their peoples. For the past 600 years, as I''ve argued in my new book To Govern the Globe , it''s taken catastrophic events like war or plague to overturn such entrenched ways of life. But within a decade, climate change will already be wreaking a kind of cumulative devastation likely to surpass previous catastrophes, creating the perfect conditions for the eclipse of Washington''s liberal world order and the rise of Beijing''s decidedly illiberal one. In this sweeping imperial transition, global warming will undoubtedly be the catalyst for a witch''s brew of change guaranteed to erode both America''s world system and its once unchallenged hegemony (along with the military force that''s been behind it all these years).

At the end of October, Daily Maverick revealed the exclusive findings in Part One of our international investigation into Russias years-long oil and gas surveys via the port of Cape Town. We not only reported Russias extraordinary claims that the Southern Ocean holds 500 billion barrels in oil and gas, but, for the first time since Antarcticas mining ban entered into force in 1998, we showed that the Russian state explorer has never stopped combing the worlds greatest deep freeze for its suggested mineral wealth.

A controversial and illegal ban on oil and gas leasing for public lands should be reinstated, the Biden administration argued in federal court this week. The call for a new ban comes as gasoline prices have risen to a seven year high, adding to the The post As Motorists Suffer from High Prices at the Pump, Biden Administration Pushes to Reinstate Illegal Drilling Ban appeared first on .