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Biden Calls on Congress to Pause Federal Gas Tax for 90 Days
“I call on the companies to pass along every penny of this 18 cents reduction to the consumers,” President Joe Biden said Wednesday.
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Biden Demands Oil Companies Boost Output, Slams Refiners Over Record Profits
Biden warned refiners the administration is ready to “use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term”
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New Gas Pipeline Boosts Europe's Bid to Ease Russian Supply
European countries that are dependent on Russian imports are looking to get greater access to the global natural gas market through a new pipeline that crosses a remote border area of Greece and Bulgaria. The pipeline is nearing completion, and it would ensure that large volumes of gas flows between the two countries in both directions. The project is seen...
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Russia Cuts Off Gas to 2 NATO Nations in Bid to Divide West
The Kremlin warned other European Union countries could be next, sending shivers of worry through the 27-nation bloc
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Biden Oil Move Aims to Cut Gas Prices ‘Fairly Significantly'
President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months in a bid to control energy prices
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U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices
The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves.
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OPEC+ Sticks to Modest Oil Output Hike as U.S. Considers Unprecedented Release of Reserves
The meeting comes more than a month after Russia launched its invasion of Ukraine.
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Russia Appears to Be Softening Its Gas-For-Rubles Demand, Easing Supply Risks to Europe — for Now
In a call with German Chancellor Olaf Scholz, Russia’s Vladimir Putin said European firms could continue paying for gas supplies in euros or dollars.
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How Hackers and Geopolitics Could Derail the Planned Energy Transition
Finance, geopolitics and cybersecurity will all be crucial in determining the scope and success of any energy transition.
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Putin's Isolation From Europe Could Usher in Natural Gas Opportunities for Africa
With the U.S., EU and U.K. looking to phase out Russian gas imports, western leaders could look to LNG projects in sub-Saharan Africa to soften the landing.
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Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
One of the early casualties of Russia’s territorial ambitions in Ukraine was the Nord Stream 2 gas pipeline, a massive energy project that cost $11 billion.
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Oil Prices Slide as Biden Announces Largest-Ever Strategic Petroleum Reserve Release
Brent crude futures fell 5% early Thursday, while U.S. crude futures slid over 6%.
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Poland to Cut All Russian Oil Imports by Year's End; Germany Warns on Gas Supply
Poland’s government says it’s taking steps to cut Russian oil imports by the end of 2022 as Germany triggered an early warning level for natural gas supplies amid Russia’s war in Ukraine.
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Germany Warns of Possible Natural Gas Rationing Amid Dispute With Russia
Germany said Wednesday the “early warning” measure was the first of three stages and does not yet imply a state intervention to ration gas supplies.
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Asia Will Become the ‘Default Market' for Russian Oil, Dan Yergin Says
Major oil importers in Asia like China and India have been pressured by oil prices which have soared since Russia invaded Ukraine in late February.
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UAE Energy Minister Warns of Poverty and Economic Stagnation If Energy Affordability Isn't Tackled
Soaring energy prices have caused inflation to spike around the world and triggered cost of living crises across both developed and emerging economies.
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Putin Should Think About the Consequences of Asking for Energy Payments in Rubles, Germany Says
Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles.
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Saudi Energy Minister Says Oil Alliance OPEC+ Will Leave Politics Out of Output Decisions
Saudi Arabia’s energy minister has said OPEC+ will keep politics out of its decision-making in favor of the “common good” of stabilizing energy prices.
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Consumers Have to Pay a Price for the Principle That Invasion Isn't Acceptable, Commodity Strategist Says
Sanctions on Russia are likely to lead to higher prices, and Middle East nations don’t seem ready to increase supply, said Helima Croft of RBC Capital Markets.
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Russia Will ‘Always' Be a Part of OPEC+, UAE Energy Minister Says
The UAE’s energy and infrastructure minister said Monday that Russia will always be part of OPEC+ even as governments shun Moscow over the war in Ukraine.