Kazakhstan Oil Firm Fined $28M for Dangerous Waste Violations
August 5, 2024
The Kazakhstan-based producer Kaspi Neft “did not receive a (permit)… for accumulating over 4,500 tonnes of dangerous waste between 2021 and 2022 from drilling and operation of an oil field”, prosecutors for Kazakhstan’s Atyrau region bordering the Caspian Sea said in a statement released Monday. A court hearing Friday found that the company had committed […]
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Crude Oil Futures Rise Amid Inventory Drawdown Expectations
June 26, 2024
Brent crude oil futures rose 40 cents, or 0.5%, to $85.41 a barrel by 0406 GMT. U.S. West Texas Intermediate crude futures gained 43 cents, or 0.5%, to $81.26 per barrel. “It seems the market is shrugging off demand concerns for now, anticipating inventory drawdowns in peak third quarter demand season. Official Energy Information Administration […]
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