California officials have had repeated warnings over the last two decades that the state’s unique blend of gasoline is susceptible to supply shortages and sharp price spikes. But despite multiple reports and special committees, California […]
A top Florida state official warned Thursday that firefighters have battled a number of fires caused by electric vehicle (EV) batteries waterlogged from Hurricane Ian. EV batteries that have been waterlogged in the wake of the hurricane […]
The Mississippi River is a vital U.S. waterway that ferries key commodities between the heart of America and the Gulf Coast—and drought is putting waterborne trade in jeopardy. Drought depleted river levels so much that […]
Ukraine is successfully pushing ahead in its counteroffensive to liberate Russia-occupied territories. Putin’s mounting defeats have prompted U.S. President Joe Biden to warn that the threat of the Kremlin using nuclear weapons was the highest […]
PRAGUE (AP) — European Union leaders struggled Friday to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war in Ukraine fuels a major energy crisis, driving up prices for consumers and […]
The Organization of the Petroleum Exporting Countries (OPEC) and allied oil-producing nations have backed a plan to dramatically slash oil supplies in a bitter blow to President Joe Biden . At an OPEC Plus meeting in Vienna, […]
Washington sees OPEC+’s decision to slash oil production by more than 2 million barrels a day as political interference and a “blow” against U.S. President Joe Biden, said Dan Yergin, vice chair of S&P Global. […]
Everbody panic! Bloomberg’s market pulse gauge is signalling panic. The Bloomberg market pulse index quantifies sentiment using 6 factors — price breadth, pairwise correlation, low vol performance, defensive vs. cyclical sector performance, high vs. low […]
Louisiana has informed BlackRock that the state will be liquidating all investments in the corporation, blaming it for the promotion of politically driven green energy—under environmental, social and governance (ESG) standards—over fossil fuels critical to the state’s […]
President Biden and senior officials in his administration have repeatedly said this year that the U.S. is near “record levels” of domestic oil and gas production. According to a new study, however, that’s not exactly the case. The analysis by economists Stephen […]
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