Tag #Oil

arabic.cnn.com
🌐 85% Global Worthiness
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Security Incident Reported Near Saudi Arabia's Ras Tanura Oil Port

A security incident occurred 86 nautical miles northeast of Ras Tanura, Saudi Arabia's largest oil port, on January 24th, 2025, when a ship captain reported a small military vessel using a green laser to try to direct their ship towards Iranian waters; this port handles 90% of Saudi Arabia's hydroca...

Progress

36% Bias Score

Responsible Consumption and Production
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Record Oil and Gas Production Reduces Reliance on Imports

In 2024, China's oil and gas production surpassed 400 million metric tons of oil equivalent for the first time, driven by increased domestic output and technological innovation, leading to a 1.9 percent decrease in crude oil imports as demand for gasoline and diesel fell due to the rise of electric ...

Progress

36% Bias Score

Affordable and Clean Energy
forbes.com
🌐 75% Global Worthiness
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Trump's Day One Policies Leave Economic Forecast Unchanged

President Trump's Day One policy announcements had no immediate effect on the short-term economic forecast, although uncertainty remains about the impact of future tariffs on foreign trade; reduced immigration will slightly slow economic growth.

Progress

32% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 85% Global Worthiness
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Maduro Threatens US With Puerto Rico "Liberation", Setting Stage for Tense US-Venezuela Relations Under Trump

Venezuelan President Nicolás Maduro threatened to "liberate" Puerto Rico from the US if the latter continues its intervention in Venezuela, prompting swift condemnation from Puerto Rico's governor but sparking debate on the potential for a new US-Venezuela engagement under President Trump.

Progress

52% Bias Score

No Poverty
abcnews.go.com
🌐 85% Global Worthiness
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U.S. Sanctions Reprieve for Venezuela Fuels Debate Amidst Disputed Election

Despite an allegedly fraudulent reelection of Nicolás Maduro in Venezuela, the U.S. continues to allow Chevron to export Venezuelan oil, resulting in increased oil production, strengthened foreign reserves, and concerns about the legitimization of authoritarian rule.

Progress

48% Bias Score

No Poverty
bbc.com
🌐 85% Global Worthiness
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Trump's Renewed Iran Sanctions Face China Challenge

A potential Trump administration plans to reinstate its "maximum pressure" policy on Iran, focusing on oil exports, but faces challenges from China's significant economic support for Iran and the shifting geopolitical landscape.

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Domestic Energy Boom Cuts Oil Imports

In 2024, China's total oil and gas production surpassed 400 million metric tons for the first time, driven by increased domestic exploration and technological innovation, resulting in a 1.9 percent decrease in crude oil imports as domestic demand for gasoline and diesel fell due to the rise of elect...

Progress

36% Bias Score

Affordable and Clean Energy
forbes.com
🌐 90% Global Worthiness
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Trump Reverses Biden's Energy Policies, Declares National Energy Emergency

President Trump, on his first day in office, declared a National Energy Emergency, reversing Biden's executive orders that restricted oil and gas production, including the Keystone XL pipeline cancellation and offshore drilling bans. This aims to increase domestic energy production, lower prices, an...

Progress

56% Bias Score

Climate Action
forbes.com
🌐 75% Global Worthiness
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Trump's Energy Emergency Declaration Risks Market Instability

President Trump declared a national energy emergency, aiming to increase oil and gas production despite the U.S. being the world's largest producer and current stable gas prices ($3.04/gallon). This risks harming smaller companies through supply gluts and price drops, while neglecting sustainable en...

Progress

52% Bias Score

Climate Action
welt.de
🌐 85% Global Worthiness
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US Oil Sanctions, Gas Halt Cripple Russia's Economy

The Russian economy, resilient for three years despite war and sanctions, faces a severe downturn in 2025 due to new US oil sanctions hitting major producers, a halt in gas transit through Ukraine, and internal economic policy discord; inflation exceeds 10 percent while the central bank interest rat...

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
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Trump's Plan for US Energy Dominance: Challenges and Uncertainties

Donald Trump plans to boost US oil production by 15% and increase LNG exports, challenging Russia and Saudi Arabia by easing regulations, expediting licensing, and developing infrastructure, despite potential issues with domestic gas prices and global demand.

Progress

44% Bias Score

Climate Action
theglobeandmail.com
🌐 85% Global Worthiness
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Canada Weighs Retaliatory Tariffs Against US Energy Tariffs

Facing potential US tariffs on energy exports, Canada considers retaliatory tariffs to quickly impact US gas prices, despite the risk of significant economic damage and inflation, as seen in the game of 'chicken' between Canada and the US.

Progress

56% Bias Score

No Poverty