Gavin Newsom Reacts to Report of Donald Trump’s New California Oil Drilling Plan
California Gov. Gavin Newsom on Tuesday dismissed reports of President Donald Trump’s plan to expand oil drilling off the state’s coast, calling the proposal “dead on arrival in California.” The New York Times and The Wall Street Journal reported Tuesday that the Republican’s administration could announce plans as soon as this week that would allow […]
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Russian Oil Takes New China Blow After Trump Sanctions: Report
Chinese refiner Yanchang Petroleum, backed by a provincial government, has stopped purchasing Russian oil, according to Reuters, citing two anonymous traders familiar with the matter. Yanchang is shunning Russian oil in its tender for deliveries between December and mid-February, Reuters reported. It follows U.S. President Donald Trump’s sanctions on Rosneft and Lukoil, Russia’s two top […]
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Drone Attacks Strike US-Owned Oil Field in Iraq
By Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including China. Brendan joined Newsweek in 2018 from the International Business Times and well as English, knows Russian and French. You can […]
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Top Russian Oil Executive Dies in Moscow Window Fall
By Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats, […]
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Oil Prices Jump, Stocks Fall After US Strikes Iran Nuclear Sites
Oil prices surged and U.S. stock futures declined as global markets reacted to American airstrikes on Iranian nuclear facilities, according to the Associated Press. Brent crude oil, the international standard, rose 2.6 percent to $79 per barrel, while U.S. crude climbed 2.6 percent to $75.76 per barrel. Why It Matters The U.S.’s strikes on Saturday […]
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Texas County Refuses To Sell Excess Water: ‘The New Oil’
Texas’ Killeen City Council voted unanimously not to approve a plan to sell water with Mayor Debbie Nash-King arguing: “You cannot put a price on water.” Why It Matters The United States is currently in the midst of a multifaceted water crisis caused by environmental issues such as drought, infrastructure challenges and international disputes. In […]
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Oil Spill After Keystone Pipeline Rupture: What to Know
By Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder […]
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Fire Engulfs Russian Oil Refinery 900 Miles From Ukraine After Drones Heard
A fire erupted at one of Russia’s largest oil refineries in the city of Ufa in Bashkortostan, approximately 900 miles from the Ukrainian border, following a reported drone attack. Newsweek has contacted the Russian Foreign Ministry for comment by email. Why It Matters Ukraine has primarily used drones to target Russian sites that support the […]
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