ENERGY

The Biden White House is set to significantly ease US sanctions on Venezuela's oil industry as part of a deal for "freer" elections. 

Oil prices reacted immediately, diving sharply, on The Washington Post report, stating, "The Biden administration and the government of Venezuelan President Nicolás Maduro have agreed to a deal in which the U.S. would ease sanctions on Venezuela’s oil industry and the authoritarian state would allow a competitive, (more…)

Authored by Autumn Spredemann via The Epoch Times (emphasis ours),

Cutting down trees to manage wildfires isn't a new thing, although it remains a hotly debated practice.

(George Frey/AFP Via Getty Images)

Tree thinning is a disputed procedure that has drawn as much criticism within the environmental community as support. Many scientists, researchers, and conservationists are against it, saying tree thinning can even worsen wildfires.

However, America's woodlands (more…)

By Tsvetana Paraskova of OilPrice.com

The oil market is on edge over the escalation of geopolitical risk in the Middle East after this weekend’s attack by Hamas on Israel, with uncertainties about how events will unfold or how far the conflict could spread, the International Energy Agency (IEA) said on Thursday.

“A sharp escalation in geopolitical risk in the Middle East, a region accounting for more than one-third of the world’s seaborne oil trade, has markets on edge,” the (more…)