Oil - Page 11

The United Kingdom has seen a £500 million increase in fuel exports to the EU in April despite the soaring costs of energy domestically.

Joe Biden has been reportedly frustrated behind the scenes about his inability to handle the crisis, as prices pushed past five dollars a gallon.

Sri Lankan Prime Minister Ranil Wickremesinghe said on Saturday that his country might increase its purchases of discounted oil from Russia, and accept more financial assistance from China, as the island nation spirals deeper into an economic crisis.

The U.S. and the West are trying to ween themselves of off Russian oil, but India, China, and other Asian countries are snapping it up.

Germany is proposing new antitrust powers to clamp down on oil companies after a cut in fuel taxes saw little impact for consumers.

President Joe Biden on Monday is set to announce executive actions to increase renewable energy production while continuing the war on the American fossil fuel industry.

During portions of an interview with ABC News released on Friday, Energy Secretary Jennifer Granholm argued that the release of oil from the Strategic Petroleum Reserve is “doing its job.” Because the point of the release “is to stabilize the

Speaking at an international forum in Slovakia on Friday, Indian foreign minister S. Jaishankar argued that criticism of India for buying Russian oil was unfair when Europe is still importing oil and gas from Russia.

Still no help on the supply side from U.S. oil producers.

The Swedish Parliament has voted to ban any new extraction of oil, natural gas or coal as some right-wing parties have slammed the move as impairing Sweden’s ability to have a secure supply of energy. Sweden’s Parliament, the Riksdag, has

The EU agreed to embargo two thirds of Russian oil immediately with the aims of reducing imports by 90 per cent at the end of the year.

BRUSSELS (AP) – European Union leaders will gather Monday in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country.

No relief in sight for soaring oil and gasoline prices as supplies dwindle.

New Delhi is allegedly in negotiations with Moscow to procure oil shipments at a discounted rate, Reuters reported on Wednesday citing an unnamed senior Indian government official.

The Conservative government of Boris Johnson will impose a 25 per cent windfall tax on oil and gas companies to provide public handouts.

Former German chancellor Gerhard Schröder has quit his role on the supervisory board of the Russian oil company Rosneft after pressure from the European Union.

Prime Minister Boris Johnson has said that the still will “put our arms around the British people again as we did during Covid” amid the cost of living and inflationary crisis.

Multiple anonymous senior officials told reporters on Tuesday that leftist President Joe Biden is planning to soon ease sanctions on dictator Nicolás Maduro of Venezuela, including sanctions that prevent negotiations between American oil companies and Petróleos de Venezuela (PDVSA).

Twenty years after the United States invested blood and treasure in liberating Iraq from the rule of Saddam Hussein, China is attempting to lock up control of Iraq’s oilfields. The Western intervention in Iraq was denounced by critics as a “war for oil,” but in the end, the great authoritarian menace of the 21st Century is close to taking control of Iraq’s energy resources.

Sri Lankan Prime Minister Ranil Wickremesinghe announced on Monday that his nation had “run out” of petroleum-based fuel during a national address in which he predicted that the next two months will be “the most difficult ones of our lives,” Agence France-Presse (AFP) reported.

The European Union’s High Representative for Foreign Affairs and Security Policy says there is no guarantee that the 27-nation bloc will be able to finalise a new set of sanctions against Russia, with a small group of countries led by Hungary opposing a full oil embargo.

A Sri Lankan petroleum industry leader told reporters Thursday there is a limited amount of fuel to distribute among Sri Lankans and this supply is expected to last no more than two to three days, Sri Lanka’s Daily Mirror reported.

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Sen. Roger Marshall (R-KS) stated that the Biden administration canceling oil and gas leases creates uncertainty that prevents investment in domestic energy production, and this will be taken

On Thursday’s broadcast of CNN’s “At This Hour,” Rep. Mike Quigley (D-IL) stated that increased oil production is “so critical to addressing the inflation issue,” and responded to the Biden administration canceling oil and gas leases by stating companies “can

Oil billionaire Alexander Subbotin on Sunday became the sixth Russian oligarch to die under mysterious circumstances since Russia invaded Ukraine in February. According to Moscow police, Subbotin was laid low by a toxic toad during a hangover cure administered by a shaman.

During a portion of an interview with CBS aired on Monday’s edition of “CBS Evening News,” Moody’s Analytics Chief Economist Mark Zandi predicted that the price of gas and the price of oil will not get lower “until towards the

More voters are concerned about rising energy costs than climate change, according to a Rasmussen Reports poll released Monday. 

Domestic energy production is being held back by taxes, ESG investing, Green New Deal policy threats, and bank regulations.

At a meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday in London, the oil cartel voted on a modest production increase and announced that the organization is not to blame for the disruptions and price increases since Russia invaded Ukraine in late February.

The EU proposed plans to impose an embargo on Russian oil by the end of the year as a part of its sixth round of sanctions against Moscow.

Saudi Prince Turki al-Faisal, a senior member of the royal family and former chief of intelligence for the kingdom, said on Monday that his country feels “let down” by the indifferent response from the Biden administration to attacks on civilian targets launched by the Iran-backed Houthi insurgents of Yemen.

The leftist coalition government of Germany has thrown its support behind the move for the European Union to impose an embargo on Russian oil.

A Finland-based think tank released a study that claims Russia has sold about $66 billion worth of fossil fuel since it invaded Ukraine.

The United States added just three oil rigs this week despite crude oil prices soaring. The total number of oil rigs in the U.S. ticked up from 549 to 552, data from the oil and gas services company Baker-Hughes showed

Germany was the largest customer of Russian energy of any country during the first two months of the invasion of Ukraine, a study found.

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Sen. Dan Sullivan (R-AK) criticized the Biden administration for “continuing to undermine the production of American energy” with moves like the administration limiting oil drilling in the National Petroleum