Oil - Page 10

An official in the administration of French President Emmanuel Macron suggested on Monday that the world should seek to expand available oil supplies from Iran and Venezuela in response to the growing energy crisis exacerbated by Russia’s invasion of Ukraine.

During an interview released on Monday’s edition of the “Fox News Rundown” podcast, Sen. Bill Hagerty (R-TN) argued that if President Joe Biden wants to decrease the war in Ukraine’s impact on prices, he should allow more drilling because doing

During an interview with Newsmax TV on Monday, Rep. Byron Donalds (R-FL) reacted to Democratic proposals for the Biden administration to use federal lands to conduct abortion by pointing out that many Democrats have tried to block oil drilling on

U.S. shale oil producers’ latest strategy to increase domestic production involves ‘re-fracing’ already established wells.

Oil production is still short of the record highs achieved under the Trump administration.

On Thursday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that if you gave people at the White House truth serum, “I’m not sure how excited they would

Colombia’s currency and stock index fell sharply on Tuesday, a market aftershock to the election of leftist former guerrilla Gustavo Petro as president on Sunday. 

Africa is suffering a severe shortage of gasoline and petroleum-based fuels generally despite being home to some of the world’s largest oil reserves — a product of being unable to consistently refine all of its crude.

The prime minister of Sri Lanka, Ranil Wickremesinghe, declared in remarks to the nation’s parliament on Wednesday that its economy had “completely collapsed.”

The government of India this weekend followed up on its feisty refusal to apologize for buying huge amounts of Russian oil by refusing to apologize for buying huge amounts of Russian coal.

Jason Furman, an economist who served under Barack Obama and now teaches economics at Harvard, said on Tuesday that President Biden’s proposed gas tax holiday would benefit oil companies, not consumers.

In a letter to the president on Tuesday, Chevron CEO Mike Wirth criticized Biden and his administration for being more willing to “criticize, and at times vilify, our industry.”

On Monday’s broadcast of CNN’s “New Day,” author, Washington Post columnist, and CNN political analyst Josh Rogin stated that the Biden administration is engaging in “pretty disingenuous” rhetoric about President Joe Biden’s meeting with Saudi leaders because Biden knows that

On Monday’s broadcast of the Fox News Channel’s “The Story,” Rep. Michael Waltz (R-FL) argued that President Joe Biden wouldn’t have to ask Saudi Arabia for more oil and could undercut Russia getting its oil revenues back to pre-war levels

China’s crude oil imports from Russia broke records in May, notching a 55 percent increase year-on-year and vaulting Russia past Saudi Arabia as the rising industrial super-power’s top supplier of oil.

President Joe Biden confirmed Monday he was considering a gas tax holiday and even gas rebate cards to help drivers suffering from the high cost of fuel.

The White House’s newest economic catchphrase to blunt the force of a potential recession in 2023 is to tell the American people that it is not “inevitable.”

President Joe Biden called on U.S. oil refiners to produce more gasoline and diesel Wednesday, warning because they are not doing so their profits have tripled as Americans struggle with record high gas prices.

On Friday’s broadcast of “Fox Business Tonight,” Rep. Bruce Westerman (R-AR) criticized President Joe Biden for criticizing the oil industry while he’s “going to fly to Saudi Arabia, emitting all kinds of greenhouse gas emissions” when he could look at

On Friday’s broadcast of Bloomberg’s “Surveillance,” White House Council of Economic Advisers member Heather Boushey responded to a question on whether the White House is considering price controls on energy by stating that “all options are on the table in

On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher argued that when people try to get off fossil fuels before there is a replacement ready, “they wind up going back to even worse fossil fuels.” And that this has

China’s state-run Global Times on Thursday uncorked a furious tirade against “infamous U.S. Republican anti-China senators Marco Rubio and Rick Scott” because they dared to introduce a bill called the China Oil Export Prohibition Act, which would halt American exports of oil and petroleum products to the People’s Republic of China while the U.S. struggles to get soaring fuel prices under control.

The establishment media this week slammed President Joe Biden for his war on American oil amid gas prices upwards of $5.00 per gallon.

On Thursday’s broadcast of CNN’s “Early Start,” Moody’s Analytics Chief Economist Mark Zandi stated that he doesn’t give any weight to the argument that price gouging is causing inflation and argued that profits by oil companies “have a purpose. They’re

On Thursday’s “CNN Newsroom,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic

On Thursday’s broadcast of the Fox Business Network’s “Evening Edit,” House Oversight Committee Ranking Member Rep. James Comer (R-KY) argued that there’s “whiplash” on energy policy among Democrats because House Democrats on the Oversight Committee were pushing oil companies to

On Thursday’s broadcast of the Fox Business Network’s “Evening Edit,” host Elizabeth MacDonald pointed out that the Biden administration is fighting for federal courts to uphold President Joe Biden’s ban on oil and gas leasing offshore and on public land

Recent OPEC oil production numbers show the cartel’s members are missing their production targets, jeopardizing President Joe Biden’s upcoming visit to Saudi Arabia to request more oil imports.

During an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” House Minority Leader Kevin McCarthy (R-CA) stated that President Joe Biden’s oil and gas policy is like Hugo Chavez and “Venezuela all over again with what he is talking about.”

Then-candidate Joe Biden said in 2019 that he would “end” the fossil fuel industry in the United States.

Global head of commodities at Goldman Sachs Jeff Currie said on Thursday American energy is suffering from a lack of longterm investment, which temporary fixes cannot alleviate.  

Climbing to a record high of about $5.04 on Wednesday, Gas prices surpassed the $5.00 mark on June 9 and have not looked back.

On Wednesday’s broadcast of CNN’s “New Day,” Energy Secretary Jennifer Granholm stated that the Biden administration wants oil and gas companies to increase production now but also to “become diversified energy companies, to be able to produce other means of clean energy.”

On Wednesday’s broadcast of CNN’s “New Day,” Energy Secretary Jennifer Granholm said that a surtax on excess profits from oil companies “is a tool,” and “no tool has been taken off the table” by President Joe Biden.

Stakeholders are responding to threats Joe Biden made in a letter to fossil fuel executives charging them with putting profit above Americans.

Then-candidate Joe Biden promised in 2020 to wage a war on the American oil industry by terminating subsidies and drilling feasibility.