Tag: energy
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Trump waives key Russia-related sanctions, tariffs before they take effect under new law
In an executive order released by the White House, Trump said the waiver was in the national interests of the United States.
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U.S. crude oil tops $100 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
U.S. crude oil prices rose sharply Friday as Iran escalated its attacks in the Strait of Hormuz this week.
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Marco Rubio to visit Indian billionaire Ambani’s refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani’s Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio’s visit.
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Brian Sullivan: Why the ‘real’ price of oil is likely $30-$40 higher than where it is now
Physical oil can cost about $38 a barrel more to deliver, as tanker rates surge.
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International Energy Agency to release more than 20 million barrels of diesel as soon as possible
The Trump administration pushed Europe to release diesel stocks as prices in the U.S. surged to record highs in September.
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Ukraine resumes attacks on Russian refineries as Zelenskyy says ‘we’re done’
Volodymyr Zelenskyy has announced that Ukraine is resuming attacks on Russian energy sites. It came after Moscow summarily ignored a claim by US President Donald Trump that an “energy ceasefire” had been agreed.
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India urges Russia, Ukraine to protect Black Sea shipping amid attacks on merchant vessels
New Delhi wants Moscow and Kyiv to ensure safe commercial shipping in the Black Sea amid attacks that put Indian seafarers at risk.
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Container ship sinks in Strait of Hormuz as Iran steps up attacks
Iran has escalated its strikes on commercial ships transiting Hormuz in recent weeks, as it tries to choke off a rebound in crude oil exports.
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US inflation rises more than expected ahead of midterm elections
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
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Trump’s diesel dilemma — by the numbers
Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings.
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