Oil - Page 15

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

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.

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).

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

DOE Secretary Jennifer Granholm would not answer a lawmaker’s question about the economic impact the Line 5 pipeline has on Michigan.

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

Joe Biden and other Green New Deal advocates continue to push for electric vehicles but without the necessary domestic supply of batteries. For now, the United States is dependent on the Chinese Communist Party for the necessary critical minerals and other elements needed to build them.

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 U.S. exported a record amount of oil and petroleum the week ending April 15 as countries around the world try to shore up supplies in the midst of the Ukraine war.

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.

It has emerged that a spyware hack against the UK government is likely linked to a country which Boris Johnson has just begged to buy more oil from.

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.