OPEC+, a grouping that includes Saudi Arabia and its Organization of Petroleum Exporting Countries plus Russia, slapped President Joe Biden’s pleas for increased oil production aside with a smaller-than-expected boost for August — and production cuts are reportedly on the table for September.
The tiny increase is being described as an insult to President Biden.
As the Biden administration continues to crush energy independence in the United States, Americans are more likely to trust Republicans on energy policy, a new Rasmussen Reports poll found.
The Kremlin revealed on Thursday that Saudi Crown Prince Mohammed bin Salman, known commonly as MBS, held a phone conversation with Russian strongman Vladimir Putin to discuss “stability” in global oil markets, a week after leftist American President Joe Biden visited Riyadh to, reportedly, request the Saudis consider increasing production.
Economist Stephen Moore said the Biden administration’s “insane climate change policies” created a global food crisis and risk of starvation.
Oil prices plunged on Tuesday ahead of President Joe Biden’s first trip to the Kingdom of Saudi Arabia.
The news agency Reuters, citing anonymous sources, reported on Tuesday leftist President Joe Biden is considering resuming offensive weapons sales to Saudi Arabia in anticipation of his visit to the country, scheduled for Friday.
President Joe Biden’s administration sold 950,000 barrels of oil from the U.S. Strategic Petroleum Reserve to a Chinese state-owned gas company that has financial ties to a private equity firm cofounded by Hunter Biden.
Embattled socialist President Gotabaya Rajapaksa of Sri Lanka revealed on Wednesday that he had called Russian strongman Vladimir Putin seeking help to purchase oil amid what the nation’s prime minister has called the “complete collapse” of Sri Lanka’s economy.
resident Alejandro Giammattei of Guatemala told Breitbart News in an exclusive interview this week that he would never consider buying oil from socialist Venezuela, calling such a deal – which U.S. President Joe Biden is reportedly considering – akin to “nourishing the devil.”
The war on oil is still raging even as prices squeeze households and businesses around the globe.
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.
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.”
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.
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
Germany is proposing new antitrust powers to clamp down on oil companies after a cut in fuel taxes saw little impact for consumers.
Still no help on the supply side from U.S. oil producers.
The Saudis have scored a great diplomatic victory by winning a Biden visit and whatever other favors the administration has promised the kingdom in exchange for more oil. Unfortunately, none of this will help American motorists.
House Minority Leader Kevin McCarthy (R-CA) on Wednesday railed against President Joe Biden for the rising consumer prices and inflation.
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.
If you’re traveling over the Memorial Day weekend, expect plenty of company – and disappointment. The summer travel season is now officially underway with anyone heading for an airport warned to be prepared for soaring prices, cancellations, and delays.
Texas to the rescue!
Desperate to keep gas prices high, His Fraudulency Joe Biden has killed gas leases to Alaska’s Cook Inlet and the Gulf of Mexico.
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.
Democrat-led Pennsylvania, New Jersey, and Delaware are experiencing “all-time high” gas prices, WPVI-TV reported on Monday.
Domestic energy production is being held back by taxes, ESG investing, Green New Deal policy threats, and bank regulations.
Lockdowns in China are expected to decrease demand for commodities such as oil.
Happy Earth Day!
Some of the members of OPEC are near or already at production capacity, so even higher quotas will not add to global supply.
President Joe Biden is desperate to increase oil imports from Canada as the nation continues to struggle with high fuel prices — but is determined not to resurrect the Keystone XL pipeline, whose permit Biden canceled on his first day in office in 2021.
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.
President Joe Biden accused Russian President Vladimir Putin on Friday of being responsible for increasing food prices as well as rising oil prices during a White House speech celebrating the latest jobs numbers report.
House Democrats will hold hearings blaming oil and natural gas companies for the soaring gas prices under President Joe Biden.
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.
CARACAS — The news that President Joe Biden sent a delegation to meet socialist dictator Nicolás Maduro took Venezuelans by surprise.
No sign of relief from the Russian supply shock.