July 8, 2025
Sydney 29

Crude move: Trump’s emergency order fast-tracks Line 5 oil pipeline tunnel to cut energy dependence, faces environmental backlash

The US Army Corps of Engineers has marked the Line 5 pipeline tunnel as a priority project under an emergency order issued by president Donald Trump in January, reported news agency Associated Press.The order was part of a broader push to reduce US dependence on foreign energy. It directs federal agencies to fast-track permits for […]

‘Extremely turbulent’: Russia ‘monitoring situation closely’ as oil prices fall after Trump’s tariff

Russia on Monday said that the global oil market is experiencing significant volatility following the United States’ implementation of “Liberation Day” tariffs on numerous countries. Trading data shows that on London’s ICE, Brent crude oil futures contracts for June 2025 delivery fell below $63 per barrel at 10.08 am Moscow time (7.08 am GMT), marking […]