Tag Archives: United States of America

Nord Stream 2 Remains Sour Point in US-Europe Ties

Antony Blinken, Joe Biden’s Secretary of State nominee, said on Tuesday that the new government will use every persuasive tool to stop the construction of the Nord Stream 2 gas pipeline. The statement triggered debate over why Biden’s administration, which voiced multiple times it would repair tattered transatlantic ties, persists …

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Biden Revokes Permit for Controversial Keystone XL Pipeline

U.S. President Joe Biden on Wednesday signed an executive order to revoke the existing presidential permit for the controversial Keystone XL pipeline project, which would carry oil from Canada to the American Gulf Coast. Oil industry groups and Republicans in the United States opposed the move, arguing it would result …

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OPEC Chief Pledges to Deepen Ties with New U.S. Administration even as Biden Calls for Climate Action

Oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration, the oil cartel’s Secretary General Mohammed Barkindo told CNBC on Tuesday. It comes despite the Democratic leader’s stated commitment to fight climate change and focus on renewable energy. Barkindo congratulated Biden …

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Oil Prices Mixed Ahead of Power Transition in US

Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise …

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US Plans to Sanction Russian Vessel Involved in Nord Stream 2

The United States has informed European allies about plans to sanction Russian vessel Fortuna, which is involved in the construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday. The U.S. administration told government officials in Berlin and other European capitals …

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