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$11trn needed to buoy global oil industry investments –OPEC – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
Oil prices surged on Monday and U.S. officials voiced their displeasure a day after OPEC members announced substantial cuts in production, a move that reaffirmed Saudi Arabia, the group's leader, as a headstrong captain in the oil market.
ATLANTA — Gov. Brian Kemp extended the temporary suspension of the state sales tax on gasoline and other motor fuels Friday, citing a looming diesel fuel shortage.
Kemp orders another suspension of state gas tax capitol-beat.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitol-beat.org Daily Mail and Mail on Sunday newspapers.
With U.S. energy costs up more than 20% and gasoline prices rising again to almost $4 a gallon, Chairman Christian urges President Biden to unleash domestic oil and natural gas production to lower prices for consumers.
Market outlook remains fixed on rising Covid-19 infection numbers in China, which on Sunday reported 691 new cases as of Saturday. 547 new infections were registered on Friday.
The IEA last week proposed 10-point plan to curb oil use. Alas, it’s unlikely that current U.S. regulators and political leaders. will provide any more than lip service to these and other long overdue measures.
Alaska North Slope crude paused a nine-trading-day advance Jan. 5, slipping 2 cents to close at $81.48 per barrel. West Texas Intermediate gained 86 cents to close at $77.85 and Brent gained 80 cents to close at $80.80. The indexes were coming off a strong trading day Jan. 4 that saw ANS jump $1.15...