President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump. “The crunch that families […]
WASHINGTON — President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States […]
WASHINGTON — President Joe Biden’s campaign to unite the globe against the Russian invasion of Ukraine is being challenged not only by adversaries such as China but also by the world’s most populous democracy, India. An Indian government official said Friday […]
BRUSSELS — Europe faces a tough choice: Is it worth a recession to choke off oil and gas money to Russia while it fights a war in Ukraine? The 27-member European Union faces far more economic pain from the war […]
NEW YORK — Stocks ended lower after another day of yo-yoing between gains and losses after crude oil prices rose anew as the U.S. banned imports from Russia. The price of nickel surged so much that trading for the metal […]
WASHINGTON (AP) — Striking harder at Russia’s economy, President Joe Biden on Tuesday ordered a ban on Russian oil imports in retaliation for Vladimir Putin’s onslaught in Ukraine. The major trade action, responding to the pleas of Ukraine’s embattled leader, thrust the U.S. […]
NEW YORK — As Russia has intensified its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden is expected to announce a ban on importing Russian fuel, according to a person familiar with the matter. Critics of […]
WASHINGTON — President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter. The move follows pleas by Ukrainian President Volodymyr […]
NEW YORK — Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation’s grip on the global economy. The S&P 500 fell 2.2% after a barrel of U.S. oil surged to $130 […]
NEW YORK — Wall Street took another sharp swing Wednesday, this time back to rally mode, as stocks and Treasury yields rose even as oil prices continued to climb. The S&P 500 was up 2.1% in afternoon trading after Federal […]
NEW YORK — Oil’s chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down. A day after oil futures plunged below zero for the first time, […]
PROVIDENCE, Rhode Island — The global benchmark for crude oil rose above $70 a barrel Monday for the first time in over three months amid rising tensions between Iran and the United States. The Brent contract for oil touched a […]
DUBAI, United Arab Emirates — The assault on the beating heart of Saudi Arabia’s vast oil empire follows a new and dangerous pattern that’s emerged across the Persian Gulf this summer of precise attacks that leave few obvious clues as […]
NEW YORK — U.S. stocks stalled in midday trading Tuesday as investors await updates on oil output at a damaged Saudi Aramco facility and look ahead to a key interest rate decision from the Federal Reserve. Energy companies gave back […]
DUBAI, United Arab Emirates (AP) — Global energy prices spiked Monday by a percentage unseen since the 1991 Gulf War after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record, […]
WASHINGTON — Secretary of State Mike Pompeo said Thursday that the United States government blames Iran for attacks on two oil tankers near the Persian Gulf, casting it as the latest in a series of “provocative actions” that have sharply […]
DUBAI, United Arab Emirates — Two oil tankers near the strategic Strait of Hormuz came under a suspected attack Thursday, setting one of them ablaze in the latest mysterious assault targeting vessels in a region crucial to global energy supplies […]
DUBAI, United Arab Emirates — Murky claims of sabotage to oil tankers off the coast of the United Arab Emirates. A drone attack on a pipeline in Saudi Arabia. A U.S. aircraft carrier strike group steaming toward an unspecified threat. […]
DUBAI, United Arab Emirates — An oil pipeline that runs across Saudi Arabia was hit by drones Tuesday west of its capital of Riyadh, the Saudi energy minister said, shortly after rebels in Yemen claimed they carried out coordinated drone […]
WASHINGTON — The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition. National security adviser John Bolton and […]
WASHINGTON — The Trump administration moved closer Tuesday to rolling back Obama-era rules reducing oil and gas industry leaks of methane gas, one of the most potent agents of climate change. The Environmental Protection Agency formally released its proposed substitute […]
NEW YORK — New York City sued five major oil companies, claiming they have contributed to global warming, on the same day officials announced they will sell off billions in fossil fuel investments from the city’s pension funds. Mayor Bill […]
WASHINGTON — President Donald Trump’s proposal to sell nearly half the U.S. emergency oil stockpile is renewing debate about whether the Strategic Petroleum Reserve is still needed amid an ongoing oil production boom that has seen U.S. imports drop sharply […]
WASHINGTON — Working to dismantle his predecessor’s environmental legacy, President Donald Trump plans to sign an executive order Friday that could lead to the expansion of drilling in the Arctic and Atlantic oceans. With one day left to rack up […]
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Senate Democrats Authorize Subpoenas In The Supreme Court Ethics Probe As Republicans Stage Walkout 
Israel Says 12 More Hostages Have Been Freed By Hamas And Have Arrived In Egypt Copyright © 2023 Front Street. All Rights Reserved.
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