Clifford Krauss
Posts
U.S. gasoline prices hit a high, but the oil market may signal relief.
The average gallon of regular fuel reached $4.37. But West Texas crude fell below $100, a decline of roughly 10 percent since the weekend.
Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles
Climate concerns, investor reticence and political disputes complicate a shift to supplies from the United States, North Africa and the Mediterranean.
Exxon Mobil and Chevron Report Soaring Profits Because of Higher Gas Prices
Despite pleas to produce more oil and gas from the Biden administration, both companies said their global production fell in the first three months of...
Why U.S. Oil Companies Aren’t Riding to Europe’s Rescue
American energy production has only inched up because executives fear that oil and gas prices won’t stay high.
Oil Executives Speak About High Gas Prices at House Hearing
Leaders of Exxon Mobil, Chevron and four other companies were testifying about gas prices before a House committee on Wednesday.
Biden will tap oil reserve, hoping to push gasoline prices down.
The White House said the president would announce a plan to release reserves of crude daily for six months.
Biden Strikes Gas Deal to Reduce Europe’s Reliance on Russia
It was not clear how the United States would achieve its goal of sending more natural gas to Europe when there was little spare capacity...
Why the U.S. Can’t Quickly Wean Europe From Russian Gas
The Biden administration wants to send more natural gas to Europe, but the lack of export and import terminals will limit that effort.