Why is the Russian oil price ceiling easier said than done?

A mannequin of a petroleum pump in entrance of the colours of the European Union and Russia flags on this illustration taken on March 25, 2022. REUTERS/Dado Rovich/Illustration/file photograph Register now to get free limitless entry to Reuters.com Register LONDON (Reuters) – G7 leaders have agreed to review potential value ceilings for Russian oil and … Read more

US weighs lifting summer smog rules to lower gasoline prices

WASHINGTON (Reuters) – U.S. Vitality Secretary Jennifer Granholm expressed curiosity in eradicating smog-fighting gasoline rules and backed away from a plan to ban gasoline exports throughout an emergency assembly on Thursday with main refiners, two sources accustomed to the matter stated. The 2 sides entered the assembly with a promise to work collectively in good … Read more

Germany launches gas warning stage and accuses Russia of ‘economic attack’

Pipes are photographed on the touchdown amenities of the “Nord Stream 1” gasoline pipeline in Lubmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke // File Picture Register now to get free limitless entry to Reuters.com Register The West and Russia are in an vitality disaster because the invasion of Ukraine German minister warns of a “bumpy … Read more

Faced with record inflation, Biden scolds oil companies Exxon for making profits

US President Joe Biden speaks throughout the opening session of the Ninth Summit of the Americas in Los Angeles, California, US, June 9, 2022. REUTERS/Daniel Bisrel Register now to get free limitless entry to Reuters.com Register LOS ANGELES (Reuters) – US President Joe Biden on Friday accused the US oil business and Exxon Mobil Company. … Read more