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Crude Oil News

Biden announces ban on Russian energy imports

March 8, 2022 Andy Del Prado

(CNN) President Joe Biden on Tuesday announced his administration is banning Russian oil, natural gas and coal imports to the US in response to the Russian invasion of Ukraine, a step he warned could lead to a spike […]

'Extraordinary times demand extraordinary measures Elon Musk says the US needs to increase oil and gas output
Crude Oil News

‘Extraordinary times demand extraordinary measures’: Elon Musk says the US needs to increase oil and gas output

March 8, 2022 Mariel Alumit

Tesla CEO Elon Musk said the US needs to increase its oil and gas output following Russia’s invasion of Ukraine. “Hate to say it, but we need to increase oil & gas output immediately,” Musk said […]

Chevron to buy biodiesel producer REG in USD-3.15bn deal
US Energy News

Chevron Executing Plans to Deliver Higher Returns and Lower Carbon

March 7, 2022 Andy Del Prado

NEW YORK–(BUSINESS WIRE)–At its annual investor meeting today, Chevron Corporation (NYSE: CVX) reported on its progress to deliver higher returns and advance a lower carbon future. Higher Returns Chevron expects to continue to improve capital […]

Stocks fall, ruble dives as Russia sanctions hit world markets
Finance

Oil prices surge above $100 a barrel as war on Ukraine rages

March 2, 2022 Mariel Alumit

NEW YORK — Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after […]

High Oil Prices Aren’t Enough To Tempt Shale Producers
Crude Oil News

High Oil Prices Aren’t Enough To Tempt Shale Producers

March 2, 2022 Mariel Alumit

America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory. Supply chain issues, runaway inflation and a growing labor shortage have hindered the industry’s […]

oil and gasoline prices
Crude Oil News

White House Quietly Calls On U.S. Oil Companies To Increase Production

March 1, 2022 Mariel Alumit

In a move that likely angered his environment-conscious base, the White House has issued a muted request for U.S. oil companies to increase crude oil production in the wake of high crude oil and gasoline […]

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