LONDON—Oil prices jumped more than $3 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $3.40, or 3.2 percent, at $111.33 a barrel by 0958 GMT,…
Ottawa May Find Extra Spending Room in Budget Created by Rising Oil Prices
OTTAWA—The federal government may find itself with billions more in spending room on the back of soaring oil prices that experts say could lower the deficit, or give the Liberals space to fund a bevy of campaign pledges. It’s a position similar to one the Liberals found themselves in last December when a rosier economic…
Biden Warns Xi in Call on Aiding Russia; White House Dodges Questions on Hunter Biden Laptop ; Dems Push to Tax Big Oil Companies | NTD Evening News
President Joe Biden and China’s Xi Jinping held a lengthy talk on Ukraine on Mar. 18. The White House was asked about a laptop owned by Biden’s son, Hunter. Democrats on the hill have proposed a bill that would increase taxes on large oil companies.
Biden Warns Xi in Call on Aiding Russia; Dems Push to Tax Big Oil Companies | NTD Evening News
President Joe Biden and China’s Xi Jinping held a lengthy talk on Ukraine, the White House was asked about a laptop owned by Biden’s son, Hunter, and Democrats on the Hill have proposed a bill that would increase taxes on large oil companies.
China, Russian Oil, and the Iran Nuclear Deal
March 18, 2022
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ChinaChina Business & EconomyChinese RegimeIranOilOpinionRussiaThinking About ChinaUS-China relations
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News Analysis In violation of U.S. sanctions, China has been purchasing Iranian oil. Now, the United States may lift the sanctions on Iran to replace oil lost from Russia, in which case China will have cheap oil from Russia. The United States is leading a collaborative effort among its allies to cut off Russia’s gas…
With the World’s Oil Supply Squeezed by War, It Is Vital to Unleash Canada’s Enormous Energy Resources
Commentary Oil prices have risen to a staggering US$120 per barrel in the wake of Russia’s invasion of Ukraine. But that’s not a record in real-dollar terms. Inflation-adjusted oil prices reached the same level in 2013, driving a supply response that temporarily lowered prices. World oil demand steadily increased, reaching a record 100 million barrels…
Oil Continues Rally as Russia-Ukraine Talks Stall
LONDON—Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the specter of prolonged disruption to oil supply. Brent crude futures rose $1.14, or 1 percent, to $107.78 a barrel at 1003 GMT, after surging nearly 9…
War, Inflation and Oil Cap Stocks Rebound as Yields Warn
March 18, 2022
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Business & EconomycommoditiescrisisEuropeglobalinflationMarketsOilRussia-Ukraine WarstocksUkraineWorld
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LONDON—Global stocks clung to their gains for the week on Friday but a heady cocktail of rising interest rates, high oil prices, and no end to war in Ukraine kept a lid on the rebound as yields sent a warning signal for the economy. The MSCI world stock index was flat at 695 points, up…
Democrats Pressure Oil CEOs to Lower Gas Prices; Blinken Accuses Russia of Committing War Crimes | NTD Evening News
The Biden administration and Democratic lawmakers are pressuring oil companies to produce more and pass price drops onto consumers, the secretary of defense and the secretary of state both called out Russian President Vladimir Putin for his alleged war crimes against civilians, and the Justice Department charges five men with stalking and harassing Chinese dissidents.
Russia-Linked Oil, Fuel Cargoes Rush to US Before Ban Starts
March 17, 2022
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Business & Economycommoditiescrisiseconomic policieseconomyEuropeMarketsOilRussiaRussia-Ukraine WarsanctionUkraineUSUS NewsWorld
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HOUSTON—At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government’s deadline to wind down Russian energy purchases, data from traders and Refinitiv Eikon showed. The United States, the world’s biggest oil consumer, this month banned imports…
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