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New home construction in the US slowed last month as residential starts decreased 14.7% to a 1.32 million annualized rate, the lowest since August. Building permits, which point to future construction, fell to a 1.46 million rate in March. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
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US To Convert Pacific Oil Rigs Into Military Bases Authored by Dave DeCamp via AntiWar.com, The US Navy will convert surplus oil rigs in the western Pacific into mobile military bases as part of the US military buildup aimed at China, The Defense Post reported on Tuesday. The naval engineering firm Gibbs & Cox developed the concept, known as the Mobile Defense/Depot Platform (MODEP), and presented it earlier this month at the Sea Air Space Expo. The idea is to convert oil rigs...
The United States is reimposing sanctions on Venezuela's vital oil sector
(The Center Square) – President Joe Biden and his administration have taken over 200 actions against the U.S. oil and natural gas industry as energy prices have gone up, according to a new report. “President Biden and Democrats have a plan for American energy: make it harder to produce and more expensive to purchase,” the Institute for Energy Research states in a new report. “Since Mr. Biden took office, his administration and its allies have taken over 200 actions deliberately...
The Federal Government, on Friday, said the drop in Nigeria’s crude oil production was due to issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by some oil companies operating across the country. It, however, stated that efforts were on to fix the pipeline, adding that this would enable the country Read More
The United States will begin construction "very soon" on a pier to boost deliveries of desperately needed aid to Gaza, the Pentagon said Tuesday.
MOSCOW, April 16 (Reuters) – U.S. sanctions are limiting tanker activity for Russia’s top shipping group, Sovcomflot, the company’s head said on Tuesday, as Washington tightens the screws on Moscow. The U.S. imposed sanctions on Sovcomflot
Texas attorney general remained silent on claims of First Amendment retaliation.
(Bloomberg) — As the US intensifies sanctions pressure on Moscow, Russia’s crude trade with India has begun to resemble a game of oil whack-a-mole. Just as one trader begins to
(Bloomberg) — President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela, ending a six-month reprieve, if Nicolas Maduro’s regime does not take steps in the next two days