Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Says market threatened by ‘Lehman Brothers’ moment Alarm stage decision does not change status quo: E.ON BERLIN, June 23 (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Drone attack may have caused Russia refinery fire near Ukraine -governor

Drone attack may have caused Russia refinery fire near Ukraine -governor

Fire broke out on Wednesday morning Blaze has been put out Russia investigating attacks on its oil installations This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 22 (Reuters) – The Novoshakhtinsk oil refinery in Russia’s Rostov region, bordering Ukraine, suspended operations on Wednesday after … Read more

Biden defends meeting with Saudi prince, says talks part of broader meeting

Biden defends meeting with Saudi prince, says talks part of broader meeting

WASHINGTON, June 17 (Reuters) – U.S. President Joe Biden said on Friday he was not traveling to Saudi Arabia’s explicitly to meet de facto leader Mohammed bin Salman during a trip next month and said he was seeing the Saudi crown prince as part of a broader “international meeting.” Biden’s plans to see the crown … Read more

Biden blasts oil refiners for record high gasoline prices, profits

Biden blasts oil refiners for record high gasoline prices, profits

Gas prices over the $6.00 mark are advertised at a 76 Station in Santa Monica, California, U.S., May 26, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 15 (Reuters) – U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on … Read more

Oil falls on Beijing’s COVID-19 warning, inflation worries

Oil falls on Beijing’s COVID-19 warning, inflation worries

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register Mass COVID testing for Beijing’s Chaoyang district U.S. inflation data heightens fears of further big rate hikes Unrest halves Libyan oil … Read more

Under U.S. sanctions, Iran and Venezuela sign 20-year cooperation plan

Under U.S. sanctions, Iran and Venezuela sign 20-year cooperation plan

June 11 (Reuters) – Iran and Venezuela, oil producers grappling with crippling U.S. sanctions, signed a 20-year cooperation plan in Tehran on Saturday, with the Islamic Republic’s supreme leader saying the allies would continue to resist pressure from Washington. The signing ceremony, carried by Iranian state TV, was overseen by Iranian President Ebrahim Raisi and … Read more

U.S. gasoline average price tops $5 per gallon in historic first

U.S. gasoline average price tops  per gallon in historic first

June 11 (Reuters) – The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 … Read more

Facing record inflation, Biden chides Exxon, oil companies for profits

Facing record inflation, Biden chides Exxon, oil companies for profits

U.S. President Joe Biden speaks during the opening plenary session at the Ninth Summit of the Americas in Los Angeles, California, U.S., June 9, 2022. REUTERS/Daniel Becerril Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, June 10 (Reuters) – U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon … Read more

Saudi, OPEC may make up for Russian oil output loss as Biden visit looms

Saudi, OPEC may make up for Russian oil output loss as Biden visit looms

The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo Register now for FREE unlimited access to Reuters.com Register Western sanctions have driven down Russian production OPEC+ meets Thursday, may address Russian output issue U.S. diplomats have been working on … Read more