oil

Biden caught between climate goals and high gas prices as administration releases new drilling plan
World

Biden caught between climate goals and high gas prices as administration releases new drilling plan

(CNN) – The Biden administration released a proposed plan on Friday for where the federal government intends to hold offshore…
Why OPEC may not have the answer to high oil prices
Middle East

Why OPEC may not have the answer to high oil prices

Abu Dhabi, UAE (CNN) – Oil-consuming nations wait with bated breath as the OPEC cartel meets once again this week…
Libya’s oil industry is in disarray right when the world needs it more than ever
Middle East

Libya’s oil industry is in disarray right when the world needs it more than ever

Cairo (CNN) – Libya was thrust back into the spotlight last week when it announced that it is pumping a…
UK applies new round of trade sanctions on Russia
World

UK applies new round of trade sanctions on Russia

The UK government has imposed a tranche of new trade sanctions on Russia, placing prohibitions on the export of a…
US-sanctioned Iran and Venezuela sign 20-year cooperation deal
Middle East

US-sanctioned Iran and Venezuela sign 20-year cooperation deal

Iran and Venezuela on Saturday signed a 20-year cooperation plan in Tehran, with the Islamic Republic’s supreme leader saying the…
Serbia’s gas deal with Putin has created a fresh headache for Europe
World

Serbia’s gas deal with Putin has created a fresh headache for Europe

(CNN) – On Sunday, Serbia’s president Aleksandar Vucic announced that his country had agreed to a new three-year gas supply…
India shows no sign of slowing its purchase of Russian oil
World

India shows no sign of slowing its purchase of Russian oil

New Delhi (CNN Business) – India’s appetite for cheap Russian oil is swelling, even as the West continues to hit…
EU agrees on partial ban of Russian oil imports
World

EU agrees on partial ban of Russian oil imports

London (CNN Business) – The European Union has agreed on a partial ban on Russian oil imports, according to European…
The Middle East won’t rescue Europe if it turns off Russian oil
World

The Middle East won’t rescue Europe if it turns off Russian oil

Abu Dhabi, UAE (CNN) – As Europe tries to stymie Moscow’s war effort in Ukraine by weaning itself off Russia’s…
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