The United States has been exporting natural gas at record levels this year, with exporters making big profits on it and expected to continue making big profits because of Europe’s continued demand for the commodity. Yet prices at home have begun to climb higher, too, because natural gas production is …
Read More »Russia Says U.S. Lowers Nnuclear Threshold by Deploying New Nuclear Bombs in Europe
Russia said on Saturday that the accelerated deployment of modernised U.S. B61 tactical nuclear weapons at NATO bases in Europe would lower the “nuclear threshold” and that Russia would take the move into account in its military planning. Russia’s invasion of Ukraine has triggered the gravest confrontation between Moscow and …
Read More »Biden: Russia would be Making Serious Mistake to Use Tactical Nuclear Weapon
US President Biden on Tuesday warned Russia against using a tactical nuclear weapon amid concerns Moscow may be creating a pretext to escalate the war in Ukraine, The Hill reported. “Russia would be making an incredibly serious mistake for it to use a tactical nuclear weapon,” Biden told reporters after …
Read More »The Midterms could Transform Energy Policies in Several U.S. States
The outcomes of gubernatorial races and elections of commissioners at a utility regulator could change the energy policies of several U.S. states after the midterm elections on November 8. Renewables regulations and targets in Maryland, Oregon, and Arizona could see U-turns in energy policies, depending on the outcome of the …
Read More »Biden’s Plan to Refill the SPR is unlikely to Boost U.S. Oil Output
Oil prices are unlikely to drop to the level the U.S. Administration has said would trigger purchases for refilling the Strategic Petroleum Reserve (SPR), U.S. oil executives and analysts say, suggesting that the shale patch will not boost production in response to President Biden’s plan to increase output in the …
Read More »Macron Lashes out at United States over Double Standard Energy Policies
U.S. trade and energy policies have created a “double standard”, with Europe left paying higher prices for its natural gas, French President Emmanuel Macron said on Friday. France, the latest—and largest–country to withdraw from the Energy Charter Treaty, has switched from being a net exporter of energy last year, to …
Read More »U.S. EV Market Set to Grow by 390% by 2028
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 …
Read More »Turkey Accuses Washington of ‘Bullying’ Saudi Arabia over OPEC+ Oil Cuts
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 …
Read More »US Charges Russians for Shipping Military Equipment, Venezuelan Oil
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 …
Read More »Biden Plans to Refill the SPR when Oil Prices Fall below $72
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 …
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