Tag Archives: United States of America

President Joe Biden’s top aides are calling on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices that they see as a threat to the global economic recovery. Biden’s national security adviser Jake Sullivan criticised the world’s major oil producers for what he …

The U.S. and Japan expressed concerns over the situation in the South China Sea, where China has been aggressively pushing its territorial claims, and took up Beijing’s nuclear arms issue during talks with ASEAN and partner nations on Friday. Speaking at the foreign ministerial meeting of the ASEAN Regional Forum, …

U.S. imports of crude oil from Iraq averaged 82,000 barrels per day (bpd) last, the Energy Information Administration (EIA) said on Saturday, despite a spurt in its appetite during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports averaged 5.588 million barrels …

Oil prices continued their decline on Thursday amid a high inventory build-up in the US and rising numbers of Covid-19 Delta cases. Brent, the international benchmark, fell 0.11 per cent to trade at $70.30 per barrel at 11.19am UAE time. West Texas Intermediate, the main US gauge, was flat at …

Senate Foreign Relations Committee Head Bob Menendez and lawmakers from the UK, Ireland, Latvia, Lithuania, Poland, Ukraine, Czechia and Estonia have signed the statement criticizing the American-Germany agreement on the Nord Stream 2 gas pipeline as Voice of America reported. “We consider the Nord Stream 2 to be a geopolitical …

Oil prices climbed on Wednesday after industry data showed US crude and product inventories fell more sharply than expected last week, reinforcing the expectation that demand will outstrip supply growth even amid a surge in Covid-19 cases. US West Texas Intermediate (WTI) crude futures rose 43c, or 0.6%, to $72.08 …

The number of active offshore rigs in the U.S. remained stuck at 17 for the second week in a row, according to weekly rig count reports by Baker Hughes. Baker Hughes Rig Count: U.S. +7 to 491 rigs U.S. Rig Count is up 7 from last week to 491 with …

In a report, Reuters claimed that the US intends to avert sales of Iranian oil to China as a way to keep the Islamic Republic at the negotiating table. The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran …

The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes, which pegged the total rig count at 491, up 240 from the same time last year. The U.S. oil rig count rose by 7 this week to 387. The number …

Germany and the United States on Wednesday announced a deal to allow the completion of Nord Stream 2 (NS2) to Europe without the imposition of further American sanctions. The agreement on Nord Stream 2, announced that Germany and the US commit to countering any future Russian attempt to use the …