Oil - Page 12

Lockdowns in China are expected to decrease demand for commodities such as oil.

On Friday’s broadcast of Bloomberg’s “Balance of Power,” Treasury Secretary Janet Yellen stated that she doesn’t see China “undermining the impact of our sanctions” on Russia and it’s “natural” that China would have an incentive to boost its purchases of

AGs from 16 states are asking Joe Biden to restart the Keystone XL Pipeline as oil supplies are threatened by Russia’s war on Ukraine.

On Friday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Special Presidential Envoy for Climate John Kerry commented on the Biden administration granting new drilling leases by stating that he’s fine with additional fossil fuel production if it’s “geared to be able

The Prime Minister of Denmark has said that in order to take on Vladimir Putin, her country will need to focus more on green energy.

On Wednesday’s broadcast of MSNBC’s “Hallie Jackson Reports,” White House National Climate Adviser Gina McCarthy declared, “President Biden remains absolutely committed to not moving forward with additional drilling on public lands.” And said that the Biden administration “had no choice” but

Some of the members of OPEC are near or already at production capacity, so even higher quotas will not add to global supply.

France said it will push for an EU-wide embargo on Russian oil to dry up a crucial energy revenue stream for Vladimir Putin’s government.

Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman (MBS), discussed his “strategic partnership” with Chinese Communist dictator Xi Jinping in a phone call on Friday.

Special Presidential Envoy for Climate John Kerry on Tuesday pushed renewable offshore energy, claiming that Russian President Vladimir Putin cannot manipulate the wind and sun.

Dairy farmers the latest in Euro agri-sector to report impending crisis as soaring costs of energy and animal feed slash margins and profits.

Russia’s invasion of Ukraine has laid bare reliance on Vladimir Putin’s oil and gas exports but the damage does not stop there. In the invaded country itself, the “breadbasket of Europe,” farming operations have virtually shut down which could drive  global food shortages.

Executives from U.S. oil companies pushed back at a hearing on Wednesday after Democrats accused them of profiting from the war in Ukraine.

The European Union is poised to ban Russian coal in the first sanctions on the vital energy industry over the war in Ukraine.

The UK government will seek to construct eight nuclear power plants and expand domestic oil production in order to ensure energy security.

The United States, United Kingdom and the European Union were set Wednesday to impose new punishing sanctions targeting Russia.

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that Strategic Petroleum Reserve releases “never” work and he is “guardedly skeptical” that President Joe Biden’s plan to release from the SPR “is going to do much” to lower

On Friday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Mark Pocan (D-WI) said there has been price gouging “by oil companies for over a year now.” And that the significant drop in the price of oil after President Joe Biden announced

During a portion of an interview with Bloomberg on Friday, economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that President Joe Biden “should stop all

Russian Foreign Minister Sergei Lavrov reportedly offered Indian Prime Minister Narendra Modi deep discounts on oil during a secretive meeting in New Delhi on Friday.

During a Thursday interview on FNC’s “Fox News @Night,” Senate Minority Leader Mitch McConnell (R-KY) responded to President Joe Biden and House Speaker Nancy Pelosi (D-CA), blaming the oil industry for the rising gas prices.

Still no sign of rising production.

Nigeria will consider conducting trade with Russia in national currencies, i.e., in Russian rubles, “if necessary,” Nigerian Ambassador to Moscow Abdullahi Shehu told Russia’s state-owned Sputnik news agency on Thursday.

Far-left green activists have blockaded key oil terminals and depots in Britain the same day the energy price cap is being hiked by 54 per cent.

On Thursday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Kat Cammack (R-FL) stated that President Joe Biden’s plan to release oil from the Strategic Petroleum Reserve is designed to save the president’s poll numbers and will endanger national

Joe Biden shuts down offshore oil and gas production while tapping the Strategic Petroleum Reserve to provide fossil fuels to U.S. consumers.

Why is oil in short supply? Activists have pushed banks and investors to back away from financing oil and natural gas extraction.

The president urged oil companies to start producing more oil, threatening to punish them if they do not respond.

The oversight committee of the Congress of Ecuador revealed in a 200-page report published on Wednesday the country lost about $3,60 per barrel of oil in a deal with China, resulting in total losses of nearly $5 billion.

Activists are pressuring banks to stop investing in fossil fuels in the name of stopping “climate change” as gas and oil prices soar.

U.S. crude production’s expansion lagged a big jump in refinery activity, pushing up oil prices on Wednesday.

Secretary of State Antony Blinken attempted to mend President Joe Biden’s increasingly strained relationship with Gulf states on Tuesday in a meeting with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan, following a conversation with Saudi Foreign Minister Prince Faisal bin Farhan.

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday recent attacks on Saudi oil facilities by Yemen’s Houthi terrorists have compromised Riyadh’s ability to supply the globe with sufficient energy, the Associated Press reported.

Saudi Arabia raised its oil prices in markets across the world on Monday, in some cases to all-time highs, as many customers remain reluctant to buy deeply discounted oil from heavily-sanctioned Russia. The Organization of Petroleum Exporting Countries (OPEC) is due to meet on Thursday to discuss production for May, when analysts expect more price hikes could occur.

CARACAS — The news that President Joe Biden sent a delegation to meet socialist dictator Nicolás Maduro took Venezuelans by surprise.

Nigeria has suffered from massive oil spills in recent months while simultaneously reporting fuel shortages, indicating extreme levels of resource mismanagement by the nation’s government, the International Institute of Social Studies (ISS) reported on Thursday.