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.
Gas prices are increasing the most in these states
Over the past week, 10 states saw the cost for a gallon of gasoline jump at least 16 cents. Michigan led the way, with prices in the state rising as much as 30 cents per gallon.
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.
Gasoline, diesel prices will go ‘higher’: Canary CEO
Canary CEO Dan Eberhart discusses sky-high diesel prices ahead of the summer driving season.
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.
Buffett's Berkshire buys more Occidental shares
Warren Buffett's Berkshire Hathaway stocked up on oil shares this week, adding to the company's holdings of Occidental Petroleum.
Varney: If Biden didn’t cave, US wouldn’t have extreme energy price inflation
FOX Business' Stuart Varney rips Biden's handling of U.S. energy as the country sees rising gas prices
Stuart Varney: If Biden didn’t cave, US wouldn’t have extreme energy price inflation
FOX Business host Stuart Varney argues inflation will be the number one issue for the 2022 midterm elections.
CIA chief met Saudi crown prince last month in push to mend ties
CIA Director William Burns made an unannounced trip to Saudi Arabia last month to meet with Crown Prince Mohammed bin Salman, U.S. and Saudi officials said, as the Biden administration pushes to repair ties with a key Middle East security partner.
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.
Gas prices still rising despite drop in demand
Kevin Slagle, VP of strategic communications at Western States Petroleum Association, weighs in, noting that there are many factors in the world that are impacting gas prices.
Varney: This inflation indicator is flashing a ‘danger signal’
FOX Business' Stuart Varney discusses the rising cost of diesel as economic recession fears grow.
Stuart Varney: This inflation indicator is flashing a ‘danger signal’
FOX Business host Stuart Varney argues diesel is 'a baseline cost for any enterprise.'
Shine has 'come off' very high valuation stocks: Investment expert
The Bahnsen Group founder and managing partner David Bahnsen argues 'valuations are not going to go higher any time soon.'
US suffers decline in natural gas production growth as countries seek Russian alternative
The U.S. is suffering slowed natural gas production growth as several countries look for new energy suppliers after imposing sanctions on Russia following its invasion of Ukraine.
Price of diesel hits all-time high, straining the trucking industry
The price of diesel hit an all-time high in the United States this week as energy markets around the world cope with ongoing disruptions amid Russia's invasion of Ukraine.
EU leans toward Russian oil ban by year's end, diplomats say
The European Union is said to be leaning toward a Russian oil ban by the end of the year.