Tag: Oil

President Joe Biden‘s decision to release oil from the U.S. Strategic Petroleum Reserve (SPR) is unlikely to be enough to ease gas prices at the pumps amid ongoing high prices. ...

As gasoline prices have soared to $1.30 more per gallon on average compared to last year, U.S. Secretary of Energy Jennifer Granholm criticized the American oil industry Tuesday for continuing ...

Gas prices have risen to their highest levels in seven years as U.S. consumers face the steepest inflation since 1990. The national average for a gallon of gas hit $3.42 ...

U.S. Energy Secretary Jennifer Granholm warned Sunday that Americans should expect to pay more to heat their homes this winter due to soaring gas prices amid the coronavirus pandemic. “This ...

Rep. Katie Porter (D-CA) on Thursday used jars of M&Ms and bags of rice to attack Big Oil, during a House Oversight Committee hearing about the climate crisis and the ...

Testifying at a landmark House hearing, ExxonMobil CEO Darren Woods said the company “has long acknowledged the reality and risks of climate change, and it has devoted significant resources to ...

The CEOs of BP, Chevron, ExxonMobil and Shell appeared before the Committee on Oversight and Reform on Thursday to answer questions about their alleged part in the spread of disinformation ...

The White House is pressuring OPEC and its allies to boost oil production in a bid to tackle rising gasoline prices — despite imposing tighter restrictions on US oil companies ...

President Biden’s adviser Susan Rice is being ordered to sell a $2.7 million stake in the oil pipeline company Enbridge — after the Biden administration decided to allow the firm’s ...

The UAE on Sunday pushed back against a plan by the OPEC+ group, which includes non-OPEC producers like Russia, to extend a pact to cut oil production beyond April 2022.  ...