Browsing Tag
Oil
11 posts
GOP Lawmakers Question Biden’s Depletion of Oil Reserves as China ‘Rapidly Strengthens Energy Ties’ With Russia
Republicans on the House Committee on Energy and Commerce have raised concerns about how the Biden administration’s oil reserve…
U.S.-Saudi Tensions Complicate Push for More Oil
Strained relations between Saudi Arabia and the United States are complicating efforts by the Biden administration to convince…
Treasury Secretary Predicts Whole Year Of ‘Very Uncomfortably High’ Inflation
Yellen noted that because both Russia and Ukraine are major wheat producers, the world has seen an impact on food prices amid the invasion, as well as a "very meaningful increase" in gas prices.
The 17 Lawmakers Who Voted Against the Russian Oil Ban
Although the U.S. has resisted calls for a no-fly zone, it has provided $1 billion to help Ukraine’s military over the past year — including Stinger anti-aircraft missile defense systems and Javelin anti-tank missiles.
Biden Redirects American Anger to “Putin’s Price Hike”
President Biden's announcement of a U.S. ban on Russian energy imports came loaded with two phrases he wants…
Biden Bans Russia Oil Imports to U.S., Warns Gasoline to Rise Further
Retail gasoline prices in the United States surged to an all-time record on Tuesday, with the average cost of a retail gallon of gasoline hitting $4.173
U.S., European Allies Discuss Banning Imports of Russian Oil
Blinken also stressed the importance of maintaining steady oil supplies globally.
Russia Involved in Plot to Help Iran Bust US Oil Sanctions
Sanctioned Russian ships ferrying illicit Iranian crude oil in new sanctions-busting scheme
Oil Rises to More Than 7-Year High on Mideast Tensions
The "new geopolitical tension added to ongoing signs of tightness across the market," ANZ Research analyst said in a note.
China Buys More Sanctioned Oil from Iran, Venezuela at a Bargain
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.