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US judge refuses to overturn Exxon permit denial to truck crude oil in California

A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed. U.S. District Judge Dolly Gee in Los Angeles denied Exxon's bid to reverse the Santa Barbara County Board of Supervisors' denial of a trucking permit in early 2022, saying the board's decision was substantially supported by evidence that transporting crude oil by tanker trucks could present safety concerns on state highways. Gee ruled that while Exxon has a right to operate its offshore oil platforms and related infrastructure in the area, it does not have a vested or fundamental right to use trucks to transport its crude while the pipeline system is fixed. ....

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oil india: Oil India already received 80% of initial investment in Russia as part of dividend: Chairman

"Economic sanctions against Russia have resulted in approximately $150 million of Oil India s money being held in one of State Bank of India s branches in Moscow. It is only a matter of time before the funds are repatriated. Oil India plans to invest around Rs 7,500 crore in exploration, development, and production this year." ....

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Oil's Latest Rise to $90 Shows Major Changes in Downstream Markets -- OPIS Analysis

The front-month NYMEX West Texas Intermediate futures contract on Thursday rose above $90/bbl for the first time since November in a petroleum market that is quite different from that seen in late. ....

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OPEC says oil production increases slightly in August

Oil production among the 13-member Organization of the Petroleum Exporting Countries (OPEC) increased slightly in August despite Saudi Arabia voluntarily cutting output, the group said in a report Tuesday. ....

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Four key factors affect the price of gas. Here's how, and why gas prices vary by state

Gas prices change based on the cost of crude oil, refining, distribution and marketing, and federal, state and local taxes. ....

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