G-7 Bid to Cap Russian Oil Price Faces Hurdle of Global Enforcement
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber...
Energy
Biden Expected to Call for Temporary Federal Gasoline Tax Suspension
WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with...
U.S. Natural-Gas Exporter Completes First Deal With German Buyer
Venture Global LNG Inc. has struck the first binding deals by a U.S. natural-gas exporter to supply natural gas to...
Biden Says He Is Near Decision on Backing Federal Gasoline-Tax Holiday
WASHINGTON—President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by...
Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe
BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step...
Triple whammy for European gas supplies sends prices soaring
Italian energy giant ENI said Wednesday that Gazprom, Russia's state gas producer, would cut its supplies by 15%. It did...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner...
Chevron CEO Sees Russian Oil Output Falling After Exit of Western Firms
Russia is still finding a home for much of its oil despite expanding sanctions, but its production likely will diminish...
Bottleneck Fuels Record-High Gas Prices
A shortage of fuel-making facilities is pushing U.S. gasoline and diesel prices to record levels, just as drivers prepare for...
Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil
Glencore GLNCY 2.01% PLC said Tuesday it would pay at least $1.2 billion and two business units would plead guilty...
Bolsonaro fires Petrobras CEO who warned of diesel crisis
Bolsonaro also called for the election of a new board, according to a statement released close to midnight local time...
Japan Inflation Tops 2% for First Time in 13 Years
TOKYO—Consumer prices in Japan rose at a pace above 2% for the first time in more than 13 years, a...
EU Sees Economic Contraction if Russian Gas Supplies Are Halted
The European Union’s economy would likely contract during the remainder of this year if supplies of natural gas from Russia...
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
EU Proposes Ban on Russian Oil Imports
BRUSSELS—The European Union proposed a ban on imports of Russian crude oil within six months and on refined oil products...
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
EU Prepares Ban on Russian Oil
The European Union is likely to propose ending purchases of Russian crude oil by the 27-country bloc before the end...
Tariff Probe Casts Shadow on U.S. Solar Build-Out
American utilities are anticipating a significant slowdown in the build-out of new solar farms amid a U.S. probe into Asian...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
