Lundin Oil Executives Accused of Complicity in War Crimes

Trump Issues Oil Firms Investigation into Pump Price Gouging

US President Donald Trump has instructed the Department of Justice (DOJ) to investigate oil companies for failing to lower gasoline prices in line with falling crude costs, accusing the companies of “gouging” customers, Reuters reported. The Trump administration posted a video clip on X later on June 24 ​in which Trump named US oil producers Exxon [] The post Trump Issues Oil Firms Investigation into Pump Price Gouging first appeared on Egypt Oil Gas.

DOJ investigating oil companies over manipulating gas prices

The Justice Department is urging state attorneys general to investigate whether oil companies are illegally keeping gasoline prices artificially high, escalating President Donald Trump’s campaign against what he has called price gouging at the pump. In a joint letter sent Friday, the DOJ’s Antitrust Division and the Federal Trade Commission encouraged state attorneys general to []

Pemandu saman stesen minyak, didakwa guna AI manipulasi harga

WASHINGTON: Beberapa pengendali stesen minyak terkemuka berdepan tindakan saman pada Isnin oleh sekumpulan pemandu di California yang mendakwa syarikat-syarikat terbabit menggunakan teknologi kecerdasan buatan (AI) untuk menaikkan harga bahan api. Menurut cadangan tuntutan saman tindakan tersebut, kesemua defendan didakwa melanggar undang-undang antimonopoli utama California, Akta Cartwright. Pengendali itu didakwa menggunakan aplikasi berasaskan AI yang mengumpul ... Read more The post Pemandu saman stesen minyak, didakwa guna AI manipulasi harga appeared first on Utusan Malaysia.

Figure spits oil at Iranian barrel

Figure spits oil at Iranian barrel

Trump’s Final Warning To Oil Companies

Every time crude oil prices fall sharply and pump prices lag behind, the same political reflex fires — someone in Washington calls it gouging. The evidence, accumulated across decades of federal investigations and peer-reviewed economics, consistently points elsewhere. Key Points President Trump directed the DOJ to investigate alleged price gouging by oil companies, citing a []

Trump instructs DOJ to probe oil companies over higher gasoline prices

Trump instructs DOJ to probe oil companies over higher gasoline prices

Minneapolis rallies against indictments of anti-ICE protesters

By Esper Garcia and Mira Altobell-Resendez The following article appeared online June 18 at fightbacknews.org. Minneapolis — On the morning of June 15, the U.S. Department of Justice (DOJ) announced charges against 15 anti-ICE protesters for “conspiracy to impede or injure a federal officer” and other bogus charges. That same . . . Continue reading Minneapolis rallies against indictments of anti-ICE protesters at Workers.org

Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk

Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in and around the Persian Gulf and the Trump administration revoked a waiver that allowed the sale of Iranian oil in retaliation for attacks on three tankers in the Strait of Hormuz, a crucial conduit for the world’s energy flows. U.S. Central Command []

Trump demands gas stations slash prices, warns of ‘big problems’ ahead

U.S. President Donald Trump accused major oil companies of price gouging after gasoline prices failed to fall even as crude oil prices declined following the easing of tensions in the Middle East. He argued that the companies were not passing the savings on to consumers at the pump despite paying less for crude oil. Amid...

Four refiners indicted over alleged W14.2tr fuel collusion after US-Iran war

South Korean prosecutors indicted the country’s four major oil refiners Monday on fair trade charges, including allegations that two of them colluded to raise fuel prices after the outbreak of war between the United States and Iran in March. The Seoul Central District Prosecutors’ Office estimated that the alleged collusion by HD Hyundai Oilbank and SK Energy caused 14.2 trillion won (9.27 billion) in direct anticompetitive impact. Including the ripple effect from GS Caltex and S-Oil following

The Problem With Suing Oil Companies for the Weather

The Problem With Suing Oil Companies for the Weather

Oil prices surge as US and Iran return to hostilities

Oil prices surged after the US banned Iranian exports and renewed strikes following reports of attacks on tankers in the Strait of Hormuz Read Full Article at RT.com

Trump accuses oil companies of price gouging, calls for investigation

Trump accuses oil companies of price gouging, calls for investigation

U.S. Revokes Waiver Allowing Sale of Iranian Oil

Oil prices jumped after the U.S. Treasury’s announcement, which followed attacks on commercial vessels near the Strait of Hormuz.

Commodities: Oil Sells Off As U.S. Eases Sanctions On Iran

Commodities: Oil Sells Off As U.S. Eases Sanctions On Iran

Oil prices jump 5 percent after US revokes Iran oil sanctions waiver

Oil prices on Tuesday jumped over 5 percent after the U.S. revoked its waiver on Iranian oil sanctions following strikes on three commercial vessels near the Strait of Hormuz. International Brent crude oil jumped nearly 5.5 percent to more than 75 per barrel as of Tuesday evening. A U.S. official previously told The Hill that the memorandum of []...Click to read more

Oil Prices Post Weekly Gains as Middle East Supply Risks Keep Markets on Edge

Oil prices ended lower on Friday as easing concerns over immediate supply disruptions helped push crude off midweek highs, but renewed tensions in the Middle East kept markets supported and delivered strong weekly gains.

OIL SPIKES

OIL SPIKES (Main headline, 2nd story, link) Related stories:IRAN WAR HOTHORMUZ THREAT 'SEVERE'PENTAGON RUNNING OUT OF MONEY

Demonizing Oil Companies Won’t Reduce Gas Prices

By Thomas Aiello.

Justice Department urges states to probe possible gas price gouging

The Justice Department on Friday called on states to “use all tools available” to investigate whether oil companies and individuals are intentionally inflating gas prices amid complaints from President Trump that they are falling too slowly. Associate Attorney General Stanley Woodward Jr. and Federal Trade Commission (FTC) Chair Andrew Ferguson also informed state attorneys general...

Oil falls as traders expect US-Iran conflict will stay contained

Oil prices fell as traders priced in a limited US-Iran conflict, easing initial concerns that energy infrastructure would come under attack again.

Oil surges after U.S. launches strikes on Iran

WASHINGTON: Oil prices jumped Wednesday after the U.S. military launched a series of strikes against Iran in retaliation for attacks on three commercial vessels in the Strait of Hormuz, raising tensions just weeks after a fragile ceasefire reopened the critical waterway. West Texas Intermediate crude for August delivery rose 2.87 to settle at 72.46 per ... Read more The post Oil surges after U.S. launches strikes on Iran appeared first on BOL News.

Supreme Court Determines ExxonMobil Can Sue Communist Cuba for Confiscated Property

In a case involving oil giant ExxonMobil, the Supreme Court held that a federal law granting the right to sue a foreign country over confiscated property overrides sovereign immunity. The court ruled 6-3, splitting along ideological lines. Justice Neil Gorsuch authored the majority opinion. ExxonMobil is seeking more than 1 billion in compensation for oil...

Iraqi oil official's 'sex at work' video sparks widespread anger

ALBAWABA - A sexual scandal is chasing an Iraqi oil official and the head of the financial department at his company, sparking public controversy and anger, with people calling on the government to punish the two officials...

US-Iran war LIVE updates: Oil prices fall after ‘progress’ made during first round of peace talks in Switzerland

US-Iran war LIVE updates: Oil prices fell on Monday after talks between the United States and Iran in Switzerland ended with Tehran saying it had secured exemptions for oil and petrochemical exports, easing concerns over a possible shortage in global supplies.

Trump's Been Successful in Talking Down The 'Oil Markets' Says Kloza

Oil nudged higher following attacks on shipping in and around the Strait of Hormuz, pointing to continued risks to vessels in the critical waterway. Tom Kloza, Chief Energy Advisor for Gulf Oil joins to discuss this as well as how the oil markets are reacting to the recent uptick in attacks in the Strait of Hormuz. (Source: Bloomberg)

Putin extends ban on Russian oil exports under price cap through end-2027

The presidential decree prohibits supplies of Russian oil and petroleum products to foreign legal entities and individuals if contracts for such supplies directly or indirectly provide for the use of a price cap mechanism

Floods to war: PSU oil firms shine in times of crisis

Floods to war: PSU oil firms shine in times of crisis

Big Tech is scrambling to secure scalable power, as the data empire requires vast electricity production

(NaturalNews) For a century, oil was the singular commodity that built empires and destroyed governments. Nations went to war over it. Corporations were born from i...

Buckle Up! We Just Entered the Next Phase of Trumpflation.

If you think falling oil prices mark the end of Trump-driven inflation, you'll be sorely mistaken.

Oil falls below $70 a barrel. Trump says Big Oil needs to cut gas prices faster

The president accused companies of gouging consumers as crude oil fell below 70 a barrel for the first time since early March

Trump Orders DOJ to Investigate Alleged Gas Price Gouging

As oil prices have dropped, gas prices remain high — and President Donald Trump wants to know why. To that end, the president has directed the Justice Department (DOJ) to open an investigation into alleged gas price

A Malicious Chapter in the History of American Justice

NYT's David French writes about the significance of the DOJ dropping charges against some of the ICE protestors in Chicago and taking the very rare step of paying for their legal defense costs.

‘Big Trouble’ For Big Oil: Trump Sparks DOJ Probe Over Pump Prices

THE BREAKDOWN: President Donald Trump announced Wednesday that the Department of Justice is investigating major oil corporations for potential price gouging. Despite a massive influx of oil supply and dropping crude prices, retail gas prices remain high, prompting the administration to target industry giants like ExxonMobil, Chevron, Shell, and BP. The Department of Justice is [] ‘Big Trouble’ For Big Oil: Trump Sparks DOJ Probe Over Pump Prices