President Joe Biden on June 14 sent oil refiners a letter, encouraging them to produce more oil for less profit. Meanwhile, his administration’s policies are blamed for driving up the oil cost. Another Cuban exile has filed a defamation lawsuit against Netflix over its spy-thriller “Wasp Network.” …
Biden Asks Oil Heads to Produce More Gas for Less Profit; Cuban Exiles Sue Netflix Over Film | NTD Evening News
June 15, 2022
admin
bidenCuban exiledefamationEpochTVLive VideosNetflixNTD Evening NewsOilUkraine-RussiaVideoWasp Network
0 Comment
John Kerry: ‘We Absolutely Don’t’ Need to Drill for Oil Despite Soaring Gas Prices
June 15, 2022
admin
Business & Marketseconomic policieseconomyExecutive BranchinflationJohn KerryMarketsOilPolicies & ImpactsPoliticsUSUS News
0 Comment
The Biden administration’s climate czar, John Kerry, proclaimed Tuesday that despite record-high gas prices, the United States doesn’t need to drill for more oil or natural gas. Speaking during a forum, Kerry said that some analysts have suggested that “we need more drilling” and “we need to go back to coal.” He then argued: “No,…
Oil Prices Stable Ahead of Expected US Interest Rate Hike
LONDON—Oil prices were stable on Wednesday as the market juggled fears of tight supply with concerns over fuel demand and global economic growth, ahead of an expected big hike in interest rates by the U.S. Federal Reserve. Brent crude futures for August were down 28 cents, or 0.2 percent, at $120.89 a barrel as of…
OPEC Keeps Forecast for 2022 Oil Demand to Exceed Pre-Pandemic Levels, Sees Risks
LONDON—OPEC has stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Ukraine’s conflict and developments around the coronavirus pandemic pose a considerable risk. In a monthly report released on Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast that world oil demand…
Oil Prices Rise as Tight Supply Counters China COVID-19, Recession Worries
LONDON—Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose 94 cents, or 0.9 percent, to $123.21 a barrel at 1029 GMT, while U.S. West Texas Intermediate (WTI) crude rose 79 cents, or 0.7…
Oil Falls on Beijing’s COVID-19 Warning, Inflation Worries
LONDON—Oil dropped about $2 a barrel on Monday as a flare-up in COVID-19 cases in Beijing dented hopes of a Chinese demand rebound, while worries about more interest rate hikes to control rampant inflation added further pressure. Beijing’s most populous district Chaoyang announced three rounds of mass testing to quell a COVID-19 outbreak that emerged…
Putin Says Russia Will Not Mothball Oil Wells Despite West’s Import Ban
June 10, 2022
admin
Business & Marketscommoditiescrisiseconomic policieseconomyEuropeMarketsOilRussiaRussia-Ukraine WarUkraineVladimir PutinwellsWorld
0 Comment
Russian President Vladimir Putin said on Thursday that Russian companies will not block off their oil wells despite the West’s efforts to lessen its dependence on energy supplies from Moscow. The United States introduced its embargo on Russian imports in March just days after Moscow sent its troops into Ukraine, while the European Union agreed…
Oil Prices on Track for Weekly Gain Amid High US Demand
LONDON—Oil rose on Friday and was on track for another weekly gain supported by solid fuel demand in the United States, although fresh COVID-19 alerts in Shanghai and Beijing curbed gains. Brent crude was up 40 cents, or 0.3 percent, at $123.47 a barrel at 0934 GMT while U.S. West Texas Intermediate crude rose 30…
Oil Sticks Near Three-Month Highs Despite China Lockdowns
SINGAPORE—Oil prices hovered near three-month highs on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures. Brent crude futures for August dipped 9 cents to $123.49 a barrel at 0853 GMT, while U.S. West Texas Intermediate crude for July was at $121.89 a barrel, down 22 cents. Both benchmarks closed on Wednesday at their…
Oil Billionaire Warns: ‘Somebody’s on Path to Destruct America’
June 8, 2022
admin
Business & Marketseconomic policieseconomyExecutive BranchinflationJohn CatsimatidisMarketsOilPoliticsUSUS News
0 Comment
New York billionaire and refiner John Catsimatidis warned that rising interest rates could produce ill effects on the U.S. economy. The White House’s “obsession” against “turning on North American oil spigots” has triggered a significant hike in energy costs and inflation, Catsimatidis told Fox Business on Tuesday. He noted that the Biden administration asked Saudi Arabia…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`