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Twenty-two young Americans have filed a new lawsuit against the Trump administration over its anti-environment executive orders. By intentionally boosting oil and gas production and stymying carbon-free energy, federal officials are violating their constitutional rights to life and liberty, alleges the lawsuit, filed on Thursday.The federal government is engaging in unlawful executive overreach by breaching congressional mandates to protect ecosystems and public health, argue the plaintiffs, who are between the ages of seven and 25 and hail from the heavily climate-impacted states of Montana, Hawaii, Oregon, California and Florida. They also say officials’ emissions-increasing and science-suppressing orders have violated the…

(Investing) – Oil prices retreated Thursday, handing back earlier gains after data showed the U.S. economy contracted in the first quarter, suggesting the Trump administration’s volatile trade policies were weighing on economic activity. At 09:15 ET (13:15 GMT),  for July fell 0.7% to $63.89 a barrel, and  dropped 0.6% to $61.47 a barrel. Oil was sitting on some gains this week after a devastating Russian attack on Ukraine sparked expectations of more U.S. sanctions, while the restriction of Chevron’s Venezuelan crude exports also pointed to tighter supplies. But oil prices were still trading down sharply so far in 2025, as they were battered…

In one of the nation’s first wrongful-death claims seeking to hold the fossil fuel industry accountable for its role in the changing climate, a Washington state woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother’s fatal hyperthermia. The lawsuit filed in state court this week says the companies knew that their products have altered the climate, including contributing to a 2021 heat wave in the Pacific Northwest that killed 65-year-old Juliana Leon, and that they failed to warn the public of such risks.On June 28, 2021, an unusual…

China’s top oil refiners are turning to overseas markets to offset weak domestic demand, pushing ahead with refined product exports despite planned maintenance and uneven profitability, according to new market data. Planned exports for May are set at 304,700 tons, a slight 2.4% decrease from April, driven by lower gasoline and aviation kerosene volumes. Diesel exports, however, are set to rebound, supported by improving margins and a shift toward clean fuel output, Quantum Commodity Intelligence reported on Thursday.Behind this pivot lies a sluggish domestic market. Apparent consumption of refined oil products in April totaled 34.5 million tons, marking just a 0.9%…

Even with warehouse construction slowing down, the Philly region just landed a new lease for the biggest warehouse in South Jersey. What’s RelatedPerformance Team, a Maersk-owned logistics company, has signed a lease for the region’s biggest warehouse — a massive 1.2 million-square-foot building in Cinnaminson, New Jersey. Known as the Box Park Logistics Center, the building is about the size of the Cherry Hill Mall and can expand to 1.5 million square feet. “This project, in size alone, was a tremendous undertaking,” said Mark Glagola, Senior Vice President at Logistics Property Company, which owns the building. “We are grateful to…

Image: bp bp Trinidad and Tobago (bpTT) announced today that the Mento development has safely delivered first gas through connection of the initial discovery well and the drilling campaign for the remaining seven gross wells on the platform will now begin. Mento is a 50/50 joint venture between EOG Resources Trinidad Ltd (EOG) and bpTT, with EOG as the operator. The development features a 12-slot, attended facility that is located in acreage jointly licensed by bpTT and EOG off Trinidad’s southeast coast. Mento is one of bp’s 10 major projects expected to start up worldwide between 2025 and…

Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstan’s oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday.“The republic has no right to enforce production cuts” on the three large international consortiums, Bloomberg quoted Akkenzhenov as saying.Earlier this month, Chevron’s chief executive, Mike Wirth, told analysts at the supermajor’s Q1 earnings call that “On OPEC plus in Kazakhstan, you know, really were not discussions of that. We don’t engage in discussions about OPEC or OPEC plus.”  Referring to the other oilfields, which are operated by state-controlled KazMunayGas,…

By Julianne Geiger – May 29, 2025, 11:07 AM CDT Crude oil inventories in the United States dipped by 2.8 million barrels during the week ending May 23, according to new data from the U.S. Energy Information Administration released on Wednesday.Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a drop in US crude oil inventories of 4.236 million barrels in U.S. crude oil inventories with a draw in gasoline stocks as well.At 10:40 am in New York, the Brent benchmark was trading…

New Delhi: Engineers India Limited (EIL) recorded an all-time high order inflow of ₹8,214 crore in FY2024-25, resulting in a total order book of approximately ₹11,700 crore. The standalone profit after tax (PAT) for the fiscal stood at ₹465 crore, the highest in the last ten years.The consultancy segment accounted for 56 per cent of the order inflow, while 36 per cent came from energy efficient infrastructure projects, including high-end data centres, laboratories, and academic complexes. Around 36 per cent of the business was secured through competitive bidding.EIL’s international business contributed ₹1,077 crore, the highest in the last decade. The…

Vienna-based integrated chemicals, fuels and energy company OMV announced that it has made a final decision to invest “a mid-three-digit million-euro sum” to build a 140 MW green hydrogen electrolysis facility in Lower Austria. According to the company, the new green hydrogen plant will be one of the largest of its kind in Europe, and will supply its nearby Schwechat refinery, with an expected CO2 emissions reduction of approximately 150,000 tons per year. Green hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for industrial and transport sectors with difficult…