Tag Archives: United States of America

The U.S. market is looking increasingly attractive for electric vehicle (EV) producers, as non-traditional EV manufacturers make plans to break into the market. A decade ago, when people thought of EVs one name came to mind – Tesla. Fast-forward a few years and consumers have a vast array of EV …

Turkey’s Foreign Minister Mevlüt Çavuşoğlu on Friday accused the United States of bullying its ally Saudi Arabia after OPEC+ announced oil production cuts despite Washington’s objections. Earlier this month, OPEC+ announced that it will cut oil production by 2 million barrels a day, starting in November, in a move that …

US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to the shipment of military technologies bought from US manufacturers by Russian buyers, some of which have ended up on the battlefield in Ukraine. Federal prosecutors in Brooklyn say the electronic components purchased by Russian …

The Biden administration will start buying crude to replenish the strategic petroleum reserve when prices fall to between $67 and $72 per barrel, the White House said in a fact sheet. “As part of its commitment to ensure replenishment of the SPR, the DOE is finalizing a rule that will …

OPEC+’s decision to cut oil production came at the “worst possible moment” and will add to global inflationary pressure, a senior US State Department official said during a visit to the Middle East. “The impact is wide ranging,” Barbara Leaf, Assistant Secretary of State for Near Eastern Affairs, told reporters …

BP has agreed to buy U.S. renewable gas producer Archaea for $4.1 billion to help the British oil giant reach net zero carbon emissions by 2050. The London-listed energy major is flush with cash after recent surges in oil prices that have triggered calls for the cash-strapped U.K. government to …

Russian representative in Vienna-based International Organizations says the US supplies liquefied natural gas to Europe at a price 4 times higher than on the US home market. Mikhail Ulyanov in a tweet on late Sunday pointed to the US action in selling its gas to European countries at a high …

The number of carbon capture and storage projects in development grew to record levels this year on the back of rising carbon prices and government incentives, but would still only mitigate less than 1% of annual emissions, a new report finds. There are now 153 CCS projects in the planning …

US President Joe Biden warned Tuesday that there will be “consequences” for Saudi Arabia after Riyadh threw its weight behind a production cut by the oil cartel OPEC+ which has sent prices soaring. “There’s going to be some consequences for what they’ve done with Russia,” Biden said in an interview …

Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data, while global recession risks and tightening COVID-19 curbs in China triggered worries about fuel demand Brent crude futures fell 46 cents, or 0.5 per cent, to $93.83 a …