The US Department of Energy has announced it will offer an additional 10 million barrels per day from the US Strategic Oil Reserve for sale ahead of plans by the European Union to ban most […]
Almost 115,000 rail workers are set to go on strike Thursday at midnight, absent intervention from the government, as a mandatory “cooling off” period comes to a close. As negotiations stall between rail unions and […]
On Wednesday oil prices plummeted, as global benchmark Brent crude fell below $90 per barrel, and American benchmark West Texas Intermediate (WTI) landed at around $85 per barrel. According to data from London’s Intercontinental Exchange, […]
According to a new Bloomberg report, the US government is considering taking additional steps to hobble China’s tech sector, specifically by limiting US investment in Chinese technology companies, as tensions mount between the world’s two […]
Surveys on new orders for products of US manufacturers are conflicted, either showing expansion, or a third straight month of contraction. The more widely followed survey, the Institute for Supply Management’s U.S. Purchasing Managers Index […]
August 15, 2022 Data source: U.S. Energy Information Administration, Residential Energy Consumption Survey In 2020, 79% of U.S. households prepared at least one hot meal at home each day, according to our 2020 Residential Energy […]
The Group of Seven nations, a bloc of the world’s leading industrial states, are edging closer to formulating a mechanism which will cap the price of Russian oil as they look to squeeze Moscow’s oil […]
Biden administration officials are divided over how much further the US can push sanctions against Russia without sparking global economic instability and fracturing transatlantic unity. While President Joe Biden’s team rallied behind a sanctions plan […]
HIGHLIGHTS Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks fueled by Iran and […]
The United States wants Venezuela to commit at least part of its oil exports to U.S. refineries as a condition for Washington to consider providing sanction relief to the South American nation, Reuters has reported, citing […]
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