Politics Jun 03 Biden affirms human rights commitment even as administration praises Saudi Arabia on oil By Aamer Madhani, Josh Boak, Associated Press
Economy May 19 House approves bill to combat gasoline ‘price gouging’ A closely divided House has approved legislation to crack down on alleged price gouging by oil companies as prices at the pump continue to soar. By Matthew Daly, Associated Press
Economy Mar 31 Watch 4:50 Biden taps U.S. oil reserves to counter rising gas prices President Biden announced a historic effort to lower gas prices that have skyrocketed since Russia invaded Ukraine. He said the administration would release 180 million barrels of oil from the Strategic Petroleum Reserve over the next six months. At one…
Economy Mar 21 Saudi Arabia says it ‘won’t bear any responsibility’ for high oil prices The unusually stark warning marked a departure from the giant oil producer's typically cautious statements, as Saudi officials remain aware that even their smallest comments can swing the price of oil and rattle global markets. By Isabel Debre, Associated Press
Politics Mar 08 WATCH: President Biden announces ban on Russian oil for the country’s attack on Ukraine President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. By Zeke Miller, Michael Balsamo, Josh Boak, Associated Press
Mar 07 Wall Street tumbles after oil prices hit $130 per barrel By Stan Choe, Associated Press Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation's grip on the global economy. Continue reading
Mar 01 Oil prices surge above $100 a barrel as war on Ukraine rages By Damian J. Troise, Alex Veiga, Associated Press The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine. Continue reading
Feb 24 Here’s how Russia’s invasion of Ukraine could worsen everyday costs in the U.S. By William Hauk, The Conversation Americans may be tempted to view the war in Ukraine as an unfortunate, but far away, crisis. But how much worse inflation could get will depend in part on how far Putin goes, and the severity of sanctions. Continue reading
Apr 27 Mideast economies take massive hit with oil price crash By Samya Kullab, Qassim Abdul-Zahra, Associated Press The historic crash in oil prices in the wake of the coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue. Continue reading
Apr 21 The price of oil fell below $0. What happens next? By Ryan Chilcote The stuff that makes the world go round, the lifeblood of the global economy, was worthless -- more stunning evidence of how this pandemic is rocking the global economy. Continue reading