Democrats introduced legislation on Thursday to tax the largest oil companies, which are posting their most significant profit in years, and use the proceeds to provide quarterly stimulus checks to Americans who are experiencing sticker shock everywhere they look. Like ...
A top Russian official has threatened on Monday that a Western ban on Russian oil imports could cause oil prices to more than double to around $300 per barrel, compel the shutdown of Russia’s main gas pipeline to Germany. On ...
The US has stated that it is in “active discussions” with its European allies about prohibiting Russian oil imports as a further economic sanction for Russia’s incursion of Ukraine. The White House announced late last week that it was looking ...
Brent crude oil surpassed $110 per barrel on Wednesday, the highest level since early July 2014, raising concerns that petrol and diesel prices will continue to rise and exacerbate the actual price squeeze. US lawmakers are pressuring President Biden to ...