• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 27 mins Who's Ready For The Next Contest?
  • 19 mins The end of "King Coal" in the Wales
  • 26 mins These are the world’s most competitive economies: US No. 1
  • 44 mins The Dirt on Clean Electric Cars
  • 8 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 51 mins EU to Splash Billions on Battery Factories
  • 9 hours Coal remains a major source of power in Europe.
  • 17 hours Poland signs 20-year deal on U.S. LNG supplies
  • 2 hours Petrol versus EV
  • 5 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 2 hours 10 Incredible Facts about U.S. LNG
Alt Text

Trump Threatens Iran’s Oil Clients

Trump has directed yet another…

Alt Text

U.S. And Europe Divided On The Future Of Oil

Oil majors in Europe and…

Alt Text

U.S. Oil Companies Face $240 Billion Debt Mountain

U.S. oil producers are facing…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory – 20th June 2014

Regulatory Alerts

Starting next year, the state of California will impose a 6.5-cent fee on every barrel of crude oil transported to the state via rail as part of new safety provisions. The same fee will be applied to every barrel of crude oil piped to refineries from inside the state. The state plans to raise $11 million from these fees during the first year. The funds will be allocated for oil spill prevention and emergency clean-up.

In the state of Oregon, Rep. Peter DeFazio—a senior Democrat on the House Transportation Committee--has unveiled a new proposal to replace the 18.4-cent-per-gallon federal gas tax with a per-barrel levy on oil companies. DeFazio’s proposal is to swap an excises tax on gasoline with a more hidden consumption tax. Under the proposal, the per-barrel oil tax, which would be initially set at $6.75, would increase every year to account for inflation and improvements in vehicle mileage. The diesel fee would also be increased.

Kazakhstan—home to three giant oil fields: Tengiz, Karachaganak and Kashagan--has announced that foreign investors outside the oil industry will be exempt from paying land and corporate tax for 10 years should further increase foreign investment in areas such as mining, gas and agriculture, and thus help diversify the economy and reduce its dependence on the oil and gas sector.

Discoveries & Development

Hungary’s MOL oil and gas group has announced a significant oil discovery…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News