President Joe Biden pays the Middle East a visit. But there’s controversy surrounding his trip, which comes as Beijing works to boost its influence in the region. A successful hypersonic missile test was conducted off California’s coast, with more sophisticated testing coming later this year, as the United States and China race to develop the…
US Oil Mergers Drop to $12 Billion as Volatility Limits Deals
NEW YORK—U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values, according to data released by energy analytics firm Enverus on Thursday….
Oil Rises on Prospects of Less Aggressive US Rate Hike
LONDON—Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains. Brent crude futures for September delivery rose 76 cents, or 0.77 percent, to $99.86 a barrel by 0929 GMT while WTI crude rose 28 cents, or 0.29 percent, to $96.06. The U.S….
Capitol Report (July 14): Last World War II Medal of Honor Recipient Honored; Investigation: US Emergency Oil Shipped to China
July 14, 2022
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President Joe Biden is wrapping up his visit to Israel, yet he’s faced with complicated geopolitical questions as pressure from inflation mounts at home. What’s he saying about Iran and his next stop—Saudi Arabia? Service members could see around a 5 percent raise in their salaries, as the House spent hours of floor time passing…
Will Biden Benefit From His Trip to the Middle East?
July 14, 2022
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Crude futures slumped as much as 5 percent on Thursday in hopes that President Joe Biden could encourage Saudi Arabia to produce more oil. Biden will be meeting with Saudi leaders, including Mohammed bin Salman Al Saud. He purported in a recent op-ed in The Washington Post that his much-anticipated visit will cover a broad…
Will Biden Benefit From His Trip to Saudi Arabia?
July 14, 2022
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News Analysis Crude futures slumped as much as 5 percent on Thursday in hopes that President Joe Biden could encourage Saudi Arabia to produce more oil. Biden will be meeting with Saudi leaders, including Mohammed bin Salman Al Saud. He purported in a recent op-ed in The Washington Post that his much-anticipated visit will cover…
Biden’s Poorly Timed Visit to the Middle East
Commentary In 1988, five years after calling the Soviet Union an “evil empire,” President Ronald Reagan visited Moscow where he addressed an audience of students from Moscow State University. At the heart of his speech, Reagan promoted the virtues and success of liberty and his vision that tyranny would ultimately be defeated (recall his other…
Oil Prices Tumble More Than $2 Ahead of Potential Large US Rate Hike
LONDON—Oil prices fell more than $2 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand. Brent crude futures for September were down $2.14 to $97.43 a barrel at 1038 GMT after settling below $100 for…
In Senate, a Clash on What’s Causing Energy Prices to Spike
July 13, 2022
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Senators on the Energy and Natural Resources Committee’s Energy Subcommittee heard testimony July 13 on the drivers of high energy prices, a key issue for Americans across the country as inflation rages and November midterms loom closer. In May of this year, Rasmussen Reports found that 82 percent of likely voters in the United States…
Kremlin Hopes Biden Will Not Seek to Turn Saudi Arabia Against Russia
July 13, 2022
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MOSCOW—The Kremlin said on Wednesday that it hoped President Joe Biden’s visit to Saudi Arabia would not be used to try to foster anti-Russian relations, just as the United States seeks to convince Riyadh to boost oil production amid soaring prices. White House national security adviser Jake Sullivan said on Monday that Biden will make…
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