Tag Archives: gas

(Bloomberg) — Russia will cut off the gas to Poland and Bulgaria on Wednesday in a major escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine. Most Read from Bloomberg Moscow is making good on a threat to halt gas flows to countries that refuse President Vladimir Putin’s new demand to pay for the fuel in rubles. The European Union has rejected the move in principle but now payment deadlines are starting to fall due, governments across Europe need… Source link

Russian President Vladimir Putin.Pool Sputnik, AP Andrei Illarionov, Putin’s former chief economic adviser, was interviewed by the BBC. He said Putin would likely halt the Ukraine war if the West stopped buying Russian oil and gas. Many Western nations remain heavily reliant on Russian energy exports. Vladimir Putin’s former chief economic adviser has suggested that Russia would halt military operations in Ukraine “within a month or two” if Western countries stopped buying Russian oil and gas. In… Source link

The Portland Trail Blazers have lost 20 of their last 22 games. They’ve dropped 10 in a row, covering just once. If tanking was an art form, they’d be Pablo Picasso. Their latest one-sided piece was a 50-point thrashing at the hands of the Mavs as 19.5-point underdogs. Today, they’ll be 19.5-point dogs on BetMGM again as they end the season at home versus the Utah Jazz. R.I.P. City Portland’s opening night starting lineup of Damian Lillard, CJ McCollum, and Jusuf Nurkic is a distant memory…. Source link

Biden administration officials have been publicly and privately cajoling energy executives to increase production and help lower gasoline prices, which are well above $4 per gallon. Asking won’t work, however. Even if they ask nicely. Oil and natural gas producers base drilling decisions on economic factors and profitability estimates, not on requests from politicians. If President Biden wanted to, his administration could adjust federal policy in ways that would make fossil fuel… Source link

President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton, warns Goldman Sachs. “Conceptually, such a release would help the oil market rebalancing in 2022, increasing supply by 1 millions barrels per day for six months, for example. This would reduce the amount of necessary price-induced demand destruction, the sole oil rebalancing mechanism currently available in a world devoid of inventory buffers… Source link

There’s been a lot of chatter recently among California lawmakers about a gas rebate as prices at the pump are among the highest in the country. “If you look at all the regulations, taxes, and fees associated with gas in California, we pay $1.27 more [per gallon] than every other state in the nation. It’s really sad,” Republican Assemblymember James Gallagher said on Yahoo Finance Live (video above). “We have a double whammy, not only do we have high gas prices, but we have all these… Source link

European stocks: US President Joe Biden gives a joint press statement with European Commission President Ursula von der Leyen in Brussels, Belgium. Photo: Evelyn Hockstein/Reuters European stock edged higher on Friday as US president Joe Biden and European officials announced plans to send US natural gas to Europe. The FTSE 100 (^FTSE) was up 0.1% to 7,482, while the French CAC (^FCHI) was 0.1% lower. The DAX (^GDAXI) was up by 0.2% as trading closed in Europe. Across the pond, stocks stalled… Source link

A former Georgia wide receiver was arrested on Wednesday and charged with the 2021 murder of an Athens-area gas station attendant, the Oconee County Sheriff’s Office announced, via the Atlanta Journal-Constitution. Ahkil Crumpton was arrested and charged after police said he shot and killed 23-year-old Elijah James Wood at a RaceTrac gas station early on March 19, 2021. Crumpton, a Philadelphia native who has been under investigation since last month, allegedly was dressed in all black with… Source link

More than half of Canadians believe high gas prices are here to stay, and could push higher, according to a public opinion poll by Yahoo/Maru. Most Canadians believe high gas prices are here to stay, and could keep pushing higher, a new Yahoo/Maru public opinion poll shows. However, only 16 per cent say they’re serious about buying a fully electric or hybrid vehicle for their next automotive purchase. The survey found more than a quarter (27 per cent) of respondents point to international… Source link

NEWARK, N.J.—Outraged by the invasion of Ukraine, lawmakers in New Jersey’s largest city lashed out at one of the closest symbols of Russia they could find—a pair of Lukoil gas stations. The Newark City Council voted unanimously Wednesday to ask the city’s business administrator to suspend the service stations’ operating licenses, citing Lukoil’s base in Moscow. In doing so, however, they may have predominantly been hurting Americans. The stations are franchises owned by locals, not… Source link