Wall Street’s main indexes opened mixed on Monday, as the prospect of a ban on oil imports from Russia pushed Brent above $130 a barrel and added to concerns over spiraling inflation and slowing economic growth. The Dow Jones Industrial Average fell 35.05 points, or 0.10 percent, at the open to 33,579.75. The S&P 500…
Alberta Oil Can Be a Solution to US Energy Supply Crunch—Minister
March 7, 2022
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HOUSTON—Alberta, Canada’s main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savage, said on Sunday. Alberta has some spare pipeline and rail capacity and can move more oil to the United States, Savage said in Houston ahead of the CERAWeek energy conference by S&P Global….
Oil Spikes to 2008 Highs as US, Europe Mull Russian Oil Import Ban
Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Brent crude futures jumped $10.88, or 9.2 percent, to $128.99 a barrel by…
Shell to Put Profits From Russian Oil Trade Into Ukraine Aid Fund
March 6, 2022
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LONDON—Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go towards humanitarian aid to Ukraine, the company said on Saturday. Shell had on Friday bought a cargo of Russian crude oil at a record low discount, the first such trade since Russia invaded Ukraine last…
Can China Help Offset Russia Sanctions? Where Are Gas Prices Headed? | NTD Business
Europe’s largest nuclear power plant is now in Russia’s hands. This, after it was shelled and caught fire overnight. U.S. gas prices spiking, triple-a saying the national average is the highest its been in nearly a decade. America’s economy, adding way more jobs than expected in February, but there’s still more to go. Disney-plus adding…
Wolf Berates Pennsylvania Republicans for ‘Exploiting Ukraine Crises to Enrich Gas Industry’
March 4, 2022
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Pennsylvania Governor Tom Wolf has written a terse response to a letter from House Republicans of the Energy Committee that urged him to loosen regulations on Pennsylvania’s gas reserves and ease market instability caused by the conflict in Ukraine. The largest natural gas reserve in the United States is underground, in Pennsylvania, Ohio, and West…
Russia’s Lukoil Calls For End To The Ukraine War, As The Oil Company Suffers Losses
March 4, 2022
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The head of Russia’s second-largest oil company, Lukoil on March 3 has called for an immediate halt to fighting in Ukraine, in a sign of weakening support for the conflict among some of the country’s influential oligarchs. The oil giant is the first major Russian firm to speak out against Putin’s decision to invade its neighbor. Vagit…
Aluminium Hits Record Top; Oil, Wheat at Multi-Year Highs on Supply Woes
March 4, 2022
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SINGAPORE—Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia’s invasion of Ukraine disrupted global raw material flows. Russia’s stature as a top supplier in oil, gas, metals, grain and shipping markets has meant that the harsh…
Manchin Leads Bipartisan Bill to Ban Imports of Russian Oil
March 3, 2022
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Sens. Joe Manchin (D-W.Va.), Lisa Murkowski (R-Alaska), and Jon Tester (D-Mont.) on March 3 unveiled a proposal that would ban the U.S. importation of Russian oil; a House version was introduced by Reps. Josh Gottheimer (D-N.J.) and Brian Fitzpatrick (R-Pa.). Manchin first called for an end to imports of Russian oil on March 1. Despite…
Bipartisan Bill To Ban Russian Energy Imports; Russian Oligarch Yachts Seized | NTD Business
European countries seizing the yachts of Russian billionaires, trying to pressure Vladimir Putin to end the attack on Ukraine. The U.S. is also going after more Russian oligarchs. U.S. lawmakers introducing a new bill to ban oil imports from Russia, will it go through, and what would be the impact? Tiktok, landing itself at the…
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