Oil will hit over $150 a barrel by summer: Former Cumberland Farms Gulf Oil Group CEO
Joe Petrowski warns a 'severe recession' should be expected in the coming months.
Former oil exec forecasts 'severe recession' given dependence on the commodity
Joe Petrowski, former CEO of Cumberland Farms Gulf Oil Group, argues that West Texas Intermediate crude futures will trade over $150 a barrel by the end of the summer and the national average for gas will be over $6.
Thousands of Austin residents experience power outage during spring heat wave
Thousands of Austin residents were left without power for several hours over the weekend during a mid-spring heat wave in the latest sign that the Texas' capital is struggling to keep up with surging population growth.
California driving: Over a quarter of electric car-charging stations in Bay Area not working, study says
California is working to reduce its greenhouse gas emissions by "40% below 1990 levels by 2030," according to the California Air Resources Board.
Oil expert argues soaring prices a 'supply problem' caused by Dems
Canary CEO Dan Eberhart stresses the need for policies that support increased oil supply to alleviate prices at the pump.
Varney on stock market slide: Does anyone see a bottom?
In his latest "My Take," Monday, "Varney & Co." host Stuart Varney breaks down current inflation woes, warning viewers that we're moving 'closer to recession.'
Varney on inflation: Does anyone see a bottom?
'Varney & Co.' host Stuart Varney gives his 'my take' on inflation.
Consumers line up for cheap gas at Costco
Consumers have been turning to Costco for cheaper gas as inflation sits at 40-year highs.
Consumers turning to Costco for cheaper gas
Lipow Oil Associates President Andy Lipow explains how private drillers in the U.S. are stepping up amid record prices.
Russia looks to utilize Nord Stream 2 domestically to boost markets as Europe shuns oil
Russia is looking to ease strains to its market caused by massive international sanctions and gas boycotts by opening the Nord Stream 2 pipeline domestically.
Oil gains on supply concerns
Oil prices gained Friday morning on concerns about supply as the European Union prepares sanction on Russia, which would include an embargo on crude oil.
Oil analyst warns 'seeds of recession are sown' with higher crude prices, food inflation
The Schork Group principal Stephen Schork weighs in on the spike in diesel prices.
Shell posts record quarterly profit, lifted by energy price surge
Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.
Oil choppy following new Russian sanctions proposal
Oil prices were choppy Thursday morning after a European Union proposal for new sanctions against Russia included an embargo on crude in six months.
EU chief calls for ban on Russian oil imports by end of 2022
The EU's top official want's Russian oil imports ended by the close of 2022.
Oil prices rise 3% on supply concerns
Oil prices rose Wednesday morning following a drawdown in U.S. crude and fuel stockpiles and concerns about slowing demand from China.
Stuart Varney: This inflation indicator is flashing a ‘danger signal’
FOX Business host Stuart Varney argues diesel is 'a baseline cost for any enterprise.'
World shares, oil decline as EU energy ministers to meet
Global shares fell Monday and U.S. futures advanced as European energy ministers were set to meet Monday to discuss Russian energy supply and sanctions.
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Versant Power is installing more than 100,000 smart meters
Versant Power, Maine's second-largest electric utility, is replacing more than 100,000 electric meters for homes and small- to medium-sized businesses.