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US Average Gas Prices Fall Below $4 Gallon
For the first time since March the national average for a gallon of gasoline has fallen below $4.
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How the War in Ukraine Could Impact College Tuition
You’re probably seeing some of the highest energy bills you’ve seen in years, and if you’re a college student, or thinking about going to college, soaring energy prices may impact you in more ways than you’d like. In the U.S., the cost of natural gas was 24 percent higher in February 2022 than it was in February 2021. And...
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What's the Connection Between Surfing, Student Loans, and Grocery Bags?
Is there any connection between surfing, student loans and grocery bags? NBC San Diego’s Dana Williams tries to find out in this episode of Connect the Dots.
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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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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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Everyone Is Worried About Gas Prices, But Diesel Is Driving Inflation More Than You Think
Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply.
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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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U.S.-EU Gas Deal Won't Be Enough to Replace Russian Supply, Says Former U.S. Energy Secretary
In 2021, the European Union imported 155 billion cubic meters of natural gas from Russia, according to the International Energy Agency.
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TotalEnergies Boss Says He Won't Work With Putin Again — But Refuses to Write Off Russian Assets
“I will not give them for free to Mr. Putin,” TotalEnergies CEO says of the company’s Russian assets.
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Yemen's Houthis Claim Attack on Aramco Facility After Reports of a Huge Fire in Saudi City of Jeddah
The Iran-backed Houthis claimed they were behind the strike with a military spokesperson adding that they had also used drones to hit the Ras Tanura and Rabigh refineries, according to Reuters.
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The Second Cold War Is Already Beginning, Experts Say, and Many of the Battles Are Being Fought With Economic Weapons
A new Cold War will pose a new challenge to a market that is still recovering from the uncertainties of the pandemic.
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Gasoline Prices Are Hitting $6 in Some Parts of the Country and Summer Driving Season Isn't Here Yet
More drivers could pay over $5 and even $6 a gallon for unleaded in the peak summer driving season this year.
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European Union Unlikely to Impose an Oil Embargo on Russia, Sources Say
The European Union is unlikely to impose an immediate oil embargo on Russia over its unprovoked invasion of Ukraine, according to two CNBC sources with knowledge of the discussions.
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Washington's ‘Trigger-Happy' Sanctions May Push Countries Away From the Dollar, Says Think Tank
Central banks are starting to question whether reliance on the U.S. dollar is a good idea, said Gal Luft of the Institute for the Analysis of Global Security.
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Saudi Aramco's Full-Year Profit More Than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
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Shell's Board of Directors Sued for ‘Failing to Properly Prepare' for the Energy Transition
The case is thought to be the first time ever that a company’s board has been challenged over its failure to adequately prepare for the energy transition.
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With Putin's War in Europe, the Legacy of Germany's Merkel Is Now Being Seen in a Very Different Light
The former German leader was known for speaking Russian and keeping diplomatic ties with Putin.
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Op-Ed: Biden Needs to Rapidly Increase U.S. Energy Production to Cut Russia Dependence
Kevin McCarthy is a Republican from California and minority leader of the U.S. House of Representatives. The United States produces more oil and natural gas than any other country in the world. We are the top exporter of LNG and among the top five oil exporters in the world. As a global energy power, we can provide low energy...