Mar 08 What will a U.S. ban on Russian oil accomplish? By Cathy Bussewitz, Matthew Daly, Associated Press With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden announced a U.S. ban on imported Russian oil. Continue reading
Mar 08 Shell says it will no longer purchase Russian oil and natural gas, shuts down Russian operations By Danica Kirka, Associated Press Shell says it will stop buying Russian oil and natural gas, and shut down service stations and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. Continue reading
Mar 08 WATCH: President Biden announces ban on Russian oil for the country's attack on Ukraine By Zeke Miller, Michael Balsamo, Josh Boak, Associated Press 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. Continue reading
Mar 01 60 million barrels of oil to be released from global strategic reserves amid war By David McHugh, Associated Press Russia plays an outsized role in global energy markets as the third-largest oil producer. Continue reading
Feb 24 Russian attack on Ukraine rocks global markets and oil soars By Associated Press Market benchmarks in Europe and Asia fell as much as 5% as traders tried to figure out how large Putin's incursion would be and the scale of Western retaliation. Continue reading
Jan 23 Watch 4:12 In Venezuela, confidence in the democratic process wanes as Maduro maintains power By PBS NewsHour It’s been three years since opposition leader Juan Guaido’s party won Venezuela's presidential election. But despite international support for Guaido, President Nicolas Maduro continues to lead. With confidence in the democratic process waning, Venezuela is also undergoing a shrinking economy… Continue watching
Nov 20 Watch 8:50 In California, an effort to protect frontline communities from environmental health risks By Tom Casciato More than seven million Californians live within a mile of an oil or gas well, which studies show can create silent health hazards. Now, there are efforts to put more distance between people and pollutants. NewsHour Weekend Special Correspondent Tom… Continue watching
May 23 Average US price of gas jumps 8 cents per gallon to $3.10 By Associated Press The highest average price in the nation right now is $4.23 a gallon in the San Francisco Bay Area. The lowest average is $2.53 in Houston. Continue reading
Mar 21 Oil giant Saudi Aramco sees 2020 profits drop to $49 billion By Isabel Debre, Associated Press Saudi Arabia’s state-backed oil giant Aramco says its profits nearly halved in 2020 to $49 billion. Sunday's announcement of the big drop came as the coronavirus pandemic roiled global energy markets. Continue reading
Jan 06 U.S. holds first lease sale for Alaska's Arctic refuge By Becky Bohrer, Associated Press A state corporation, the Alaska Industrial Development and Export Authority, was the main bidder on the leases. Its executive director, Alan Weitzner, in a statement, said in acquiring nine tracts, "Alaska preserves the right to responsibly develop its natural resources."… Continue reading