CEOs fixing Biden’s Saudi oil mess because he won’t
Some of Wall Street’s top CEOs spent the last week on a diplomatic mission to Saudi Arabia. It wasn’t touted as diplomacy, of course. The financiers who attended the Future Investment…
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oil
US could ease Venezuela sanctions, allow Chevron to pump oil
The Biden administration is considering relaxing sanctions against Venezuela as the White House scrambles to avert another surge in US gas prices, according to a report late Wednesday.
The administration’s…
OPEC and Russia agree to slash oil output by 2M barrels a day
The Biden administration’s scramble to avoid another surge in US gas prices took a major hit Wednesday after OPEC and Russia approved a significant cut in oil production.
Oil jumped to $87 on Wednesday after…
Biden demands gas stations slash prices at the pump
President Joe Biden lashed out at gas stations on Tuesday for allegedly being tardy in lowering the price of fuel in line with dropping oil prices.
During a meeting on Monday with economic aides, Biden…
US gas prices rise, ending 98-day streak of declines
US gas prices rose slightly on Wednesday, ending a streak of 98 consecutive days in which costs at the pump had declined, according to the American Automobile Association.
The national average price rose to…
Saudi billionaire poured $500M into Russian energy firms amid Ukraine invasion
A prominent Saudi billionaire poured more than $500 million into Russia’s top state-linked energy firms this year around the same time as the Kremlin launched its brutal invasion of Ukraine, a stock exchange filing showed.…
Why gas prices are dipping below $4 per for first time in months
The national average price of gasoline fell below $4 per gallon this week for the first time in five months, providing marginal relief for cash-strapped American motorists.
The average price per gallon was…
Saudis thumb nose at Biden’s request to boost oil output
President Biden’s trip to Saudi Arabia was deemed a failure by analysts after oil-producing states announced that they would boost output by just 100,000 barrels a day starting next month — well short of the…
US motorists crossing Mexico border for cheaper gas: report
Sky-high US prices have led some American motorists to make a previously unheard-of trip across the border to fill up their tanks with cheaper gas in Mexico, according to a report Monday.
Gas sales in Ciudad…
Oil spikes as Biden fails to win Saudi pledge to boost output
The price of oil surged to more than $100 a barrel on Monday after President Joe Biden left Saudi Arabia over the weekend without winning a commitment from the kingdom to boost output.
Brent crude, the…