The Biden Administration is selling gas reserves ahead of July 4 in part to improve prices at the pump this summer. The 1 million barrels of gasoline stored in Maine and New Jersey are dwarfed by the nearly 350 million barrels of crude oil stored in the U.S. Strategic Petroleum Reserves. The Biden administration plans to sell nearly 1 million barrels of gasoline just in time for the summer driving season.
(Bloomberg) -- US West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverJain Global Raises $5.3 Billion, Secures Cash From Abu DhabiBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpTech Hits Stocks as Nvidia Extends
The European Union is insufficiently prepared to weather a future gas crisis despite introducing a raft of measures to end its dependence on Russian energy, the European Court of Auditors said on Monday. Europe's energy supply was upended in 2022 when former top gas supplier Russia invaded Ukraine and slashed fuel deliveries, prompting the EU to introduce emergency policies to fill gas storage, reduce gas use, and jointly buy gas. Europe managed to avoid a major gas shortage during the crisis, but it is unclear how much of that can be credited to EU policies versus other factors like mild winter weather and high prices causing industries to use less gas, the ECA said in a report on Monday.
Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil consuming nation. Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. The American Petroleum Institute (API) reported U.S. crude oil stocks rose by 914,000 barrels in the week ended June 21, according to market sources briefed on the data.
CALGARY — For the first time, Alberta's oil and gas industry has exceeded the province's own regulatory limit for natural gas flaring.
(Bloomberg) -- Oil climbed, with a softer dollar and rising tensions with Russia providing support. Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Maybe ForeverWikileaks’ Julian Assange to Plead Guilty, Ending Yearslong US BattleWest Texas Intermediate advanced 1.1% to top $81 a barrel, re
Katy Perry hit the catwalk in a cutout Noir Kei Ninomiya dress during Vogue World: Paris over the weekend.
Monica Lewinsky said she hopes Judge Aileen Cannon, who is overseeing former President Donald Trump’s classified documents case, is impeached.
The first weekend of summer brought a tragic yet familiar pattern for American cities wracked by gun violence as mass shootings left dozens dead or wounded at a party in Alabama, an entertainment district in Ohio and a grocery store in Arkansas.
"You will forever grieve the person you love. It is the price for loving," she wrote.
He also revealed what will happen if Joe Biden provokes Trump at this week's debate.
The former House speaker slammed the former president’s rhetoric after she was asked about her husband’s recovery from a 2022 hammer attack.
The Emperor and Empress of Japan's state visit to the U.K. kicked off earlier in the day
Healthy eating doesn't have to be expensive. Two cheap staples can make delicious, protein-rich meals that are great for your brain and body.
Stephanie Winston Wolkoff weighed in on the former first lady's absence from the campaign trail.
The comedian is filling in for the late night show’s host, Jimmy Kimmel.
What Justices Alito and Thomas are doing is unethical, and if elected I’ll push to impeach them | Opinion
The actress is in full summer mode — and so is her wardrobe!
The future monarch spent his birthday with his children at Taylor Swift's London concert on Friday night.
Jason Selvig of The Good Liars said he had never seen this before at one of the former president's rallies.
Princess Charlotte wore a pink sequin dress by high street John Lewis when she went to see Taylor Swift and she caused the style to sell out - rather like her fashion icon mother, Kate Middleton.
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