Oil Prices Rebound From Tuesday’s Decline as Supply Concerns Return

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File photo Sign up now for FREE unlimited access to Reuters.com Record Oil rises nearly 3% before paring some gains Rate Hikes, Recession Fears Still Cap Price Gains: Analyst China reports new COVID cases across … Read more

Russia Takes Control of Sakhalin Gas Project, Raises Bets with the West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening of Western sanctions The move increases the risks for Western companies still in Russia Shell was already in talks to sell its stake in Sakhalin TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with … Read more

US Supreme Court Limits Federal Power to Curb Carbon Emissions

Summary companies law firms Power of the conservative judges 6-3 sentence; liberals disagree Ruling curbs EPA’s ability to regulate power plant emissions Biden vows to tackle climate change despite ruling WASHINGTON, June 30 (Reuters) – The U.S. Supreme Court on Thursday imposed limits on the federal government’s authority to issue sweeping regulations to cut carbon … Read more

Oil Prices Rise Ahead of G7 Talks on New Russian Sanctions

Crude oil storage tanks are seen at the Kinder Morgan Terminal in Sherwood Park, near Edmonton, Alberta, Canada, November 14, 2016. REUTERS/Chris Helgren Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 27 (Reuters) – Oil prices rose in a volatile session on Monday as investors awaited any moves against Russian oil … Read more

EU plans for a life without Russian gas amid rising inflation

‘The notion of cheap energy is gone,’ says Latvian PM Inflation in the euro zone has skyrocketed to record highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders warned on Friday that “cheap energy is over” and agreed to boost preparations for further Russian gas cuts, … Read more

Biden to meet Saudi crown prince despite ‘outcast’ promise

WASHINGTON, June 14 (Reuters) – U.S. President Joe Biden will meet Saudi Crown Prince Mohammed bin Salman during a trip to the Middle East in July, in a break with his campaign promise to turn the kingdom an “outcast” as he struggles to combat record US gas prices. Weeks after taking office, Biden changed US … Read more

Average US Gas Price Exceeds $5 Per Gallon in Historic First

June 11 (Reuters) – The price of gasoline in the United States averaged more than $5 a gallon for the first time on Saturday, AAA data showed, extending a rise in fuel costs that is driving rising inflation. The national average price for regular unleaded gasoline rose to $5,004 a gallon on June 11 from … Read more

Biden presents new economic plan for Latin America at restart summit dogged by dissent

LOS ANGELES, June 8 (Reuters) – President Joe Biden announced on Wednesday a proposed new U.S. economic partnership with Latin America to counter China’s growing influence as he opened a regional summit marred by discord and snubs over the list. of guests. Hosting the Summit of the Americas in Los Angeles, Biden sought to assure … Read more

Yellen says inflation will stay high, Biden likely to raise forecast

WASHINGTON, June 7 (Reuters) – U.S. Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and that the Biden administration would likely raise the inflation forecast from 4.7 % for this year in your budget proposal. During a Senate Finance Committee hearing, Yellen said the United States was dealing … Read more

EXCLUSIVE: Biden to Waive Fees for 24 Months on Solar Panels Affected by Investigation

US President Joe Biden walks along the South Lawn after disembarking from Marine One as he returns from Rehoboth Beach, Del., with the first lady at the White House in Washington, USA, June 5, 2022 REUTERS/Elizabeth Frantz Sign up now for FREE unlimited access to Reuters.com Record WASHINGTON, June 5 (Reuters) – President Joe Biden … Read more