Civilian evacuations are underway in some Ukrainian cities, Moscow threatens to cut off gas supplies to Europe, and Republican lawmakers are calling for domestic energy production.
Evacuation Corridors Underway in Ukraine; GOP Lawmakers Call for Domestic Energy Production | NTD News Today
Bulgaria May Seek Exception to Any EU Sanctions on Russian Gas and Oil
March 8, 2022
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SOFIA—Bulgaria supports sanctions on Russia as a means to halting its invasion of Ukraine, but will likely seek an exception on banning Russian natural gas and oil imports if such a proposal is put forward, Prime Minister Kiril Petkov said on Monday. EU and NATO member Bulgaria is almost completely dependent on gas supplies from…
Germany Can’t Afford to Drop Russian Energy; Wheat Prices Jump 40%, Set 14-Yr Record | NTD Business
Energy prices are swinging wildly, but all ending up again for the day. One major economy says it just can’t afford not to buy from Russia. Gas prices are at levels not seen since the 2008 financial crisis. Could the national average even hit $5 a gallon? Is the United States producing more? A number…
US Gas Prices Set New National Record
The national average of a gallon of gas in the United States hit a record high on March 7 as prices soar amid the Russia–Ukraine war. The average price nationwide hit $4.104 on Monday, breaking the record of $4.103 set in 2008, according to GasBuddy. The record came after the national average spiked 49 cents…
Elon Musk Urges US to Increase Oil, Gas Output ‘Immediately’ Due to Russia’s Invasion of Ukraine
Tesla CEO Elon Musk has said the United States needs to increase oil and gas output “immediately” after Moscow’s invasion of Ukraine, despite admitting it would have a “negative” effect on his electric vehicle company. Musk took to Twitter on March 5 to share his thoughts on the United States boosting production at home in an…
US Gas Prices Hit $4 per Gallon for First Time Since 2008
Gas prices surged to the highest level since 2008 on Sunday, hitting over $4 per gallon on average across the United States, according to automotive service organization AAA. California led the country with gas prices averaging more than $5.28 per gallon of regular unleaded, according to data from AAA. Nevada, Hawaii, Washington state, and Oregon…
US Gas Prices Surge, Nearing $4 a Gallon
U.S. gas prices surged on March 4 and March 5, nearing $4 a gallon and projected by some experts to be on the way to setting new records in the country. The national average struck $3.92 on Saturday, according to the American Automobile Association (AAA), with some motorists paying as much as $5.18 a gallon. The…
US Gas Prices Surge, Nearing Record Highs
U.S. gas prices surged on March 4 and March 5, nearing record highs. The national average struck $3.92 on Saturday, according to the American Automobile Association (AAA), with some motorists paying as much as $5.18 a gallon. The price rise has been dramatic, increasing 33 cents per gallon over a week and 9 cents per gallon…
Can China Help Offset Russia Sanctions? Where Are Gas Prices Headed? | NTD Business
Europe’s largest nuclear power plant is now in Russia’s hands. This, after it was shelled and caught fire overnight. U.S. gas prices spiking, triple-a saying the national average is the highest its been in nearly a decade. America’s economy, adding way more jobs than expected in February, but there’s still more to go. Disney-plus adding…
Bilateral Trade Surges as China and Russia Grow Closer
BEIJING—China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine. Total trade between China and Russia jumped 35.9 percent last year to a record $146.9…
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