LONDON—Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude was up $1.37, or 1.5 percent, at $94.65 a barrel around 1200 GMT, having slid 3.3 percent overnight after Russia announced a partial…
Biden Energy Policies Added $1,000 to Typical Household’s Costs in 2021: Report
February 15, 2022
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A new analysis by the Heartland Institute reports the typical American family’s home heating and cooling costs increased by as much as $1,000 in 2021 as a result of President Joe Biden’s energy and environmental policies. “The average U.S. household in 2021 spent an extra $600 in higher gasoline costs and $70 in higher electricity…
Oil Drops From 7-year High on Report Some Russian Troops Returning to Base
LONDON—Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow and the West. Russia’s Interfax news agency cited the defense ministry as saying that while large-scale…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’ Says US Oil & Gas Assoc. Chief
February 14, 2022
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’: U.S. Oil & Gas Assoc. Chief
February 14, 2022
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bidenConocoPhillipsdebankingeconomyEIAEnvironmentESGExxon MobilgasolineKeystone XL pipelineOilPermian BasinPolicies & ImpactsPoliticsScienceshaleshellThe Epoch Times Featured ArticlesUncategorizedUSUS NewsWall Street
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
Oil Steadies Near Seven-Year High on Ukraine-Russia Tensions
LONDON—Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers. Brent crude was up 11 cents, or 0.1 percent, at $94.55 a barrel by 1107…
First Boost to Secure Emergency Oil Stockpiles in Australia
The Australian government has delivered its first payment to local oil refineries as part of a pledge to raise the nation’s worryingly-low stockpile levels and maintain domestic oil production. Australia is estimated to have 68 days of crude oil in reserve—the only country with less than the 90 days recommended by the International Energy Agency…
Thailand Tackles 2nd Offshore Oil Spill in 3 Weeks
BANGKOK—Thai authorities scrambled Friday to contain the country’s second oil spill in less than three weeks in the Gulf of Thailand. An estimated 5 tons (1,320 gallons) was believed to have leaked 20 kilometers (12 miles) off the eastern province of Rayong, in the same location where at least 22 tons (5,800 gallons) spilled into…
Oil Prices Gain After IEA Says Market Tight
LONDON—Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were still heading for weekly losses on inflation worries and U.S.–Iran which could boost global supplies. Brent crude futures rose $1.01, or 1.1 percent, to $92.42 a barrel at 1203 GMT, while U.S. West Texas Intermediate crude gained…
Oil Rises on Falling US Stockpiles but Iran Talks Weigh
LONDON—Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.–Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 65 cents, or 0.7 percent, to $92.20 a barrel at 1140 GMT, while U.S….
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