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Monday, November 11, 2024

Tag: Oil (Petroleum) and Gasoline

Europe Braces for a Winter Without Russian Gas

A flotilla of tankers carrying liquefied natural gas have been parked in a maritime traffic jam off the coast of Spain in recent days,...

Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

The current national average of $3.76 a gallon is about three pennies less than it was a month ago and about $1.25 below the...

U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.

WASHINGTON — As President Biden was planning a politically risky trip to Saudi Arabia this summer, his top aides thought they had struck a...

How Saudi Arabia’s Blowup With Biden Threatens Democrats in 2022

Only three months have gone by since President Biden gave Crown Prince Mohammed bin Salman, the de facto ruler of Saudi Arabia, the fist...

Biden Administration’s Bid to Cap Russia Oil Prices Faces Resistance

WASHINGTON — The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian oil is facing resistance amid private...

Biden Savors Much-Needed Victories. But Will the Highs Overshadow the Lows?

WASHINGTON — President Biden and his top advisers have tried for months to press forward amid a seemingly endless drumbeat of dispiriting news: rising...

Climate Bill ‘Transformative’ for Auto and Energy Industries

Making electric cars more affordable.For the auto industry, one of the most important provisions in the climate bill would eliminate a cap on how...

Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next

Federal Reserve officials are set to make a second abnormally large interest rate increase this week as they race to cool down an overheating...

Biden’s New Economic Scorecard: The Price at the Pump

WASHINGTON — After topping $5 a gallon in June, the price of gasoline has fallen for more than a month. The Biden administration wants...

Economy Is at Risk of Recession by a Force Hiding in Plain Sight

This past week brought home the magnitude of the overlapping crises assailing the global economy, intensifying fears of recession, job losses, hunger and a...

Germany Hopes to Outrace a Russian Gas Cutoff and Bone Cold Winter

Russian natural gas has fired the furnaces that create molten stainless steel at Clemens Schmees’s family foundry since 1961, when his father set up...

High Inflation in June Puts Pressure on Interest Rates

Prices surged 9.1 percent in June as consumers faced rapidly rising costs for gas, food and rent, a higher-than-expected reading and bad news for...

Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock

WASHINGTON — Relief at the gas pump coupled with this past week’s news that businesses continue to hire at a blistering clip have tempered...

Gas Prices Around the World Threaten Livelihoods and Stability

“NO ES SUFICIENTE” — It’s not enough. That was the message protest leaders in Ecuador delivered to the country’s president this past week after...

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