Why does the U.S. want to punish Saudi Arabia for the OPEC+ Cut?
OPEC cuts crude oil production Firstly, despite repeated please from the U.S. that the Organization of the Petroleum Exporting Countries (OPEC), under the leadership of...
Tag : Joe Biden
Biden affirms a new interpretation of radioactive waste
Joe Biden has affirmed a new interpretation of high-level radioactive waste based on its radioactivity instead of how it got radioactive. The type of waste...
Joe Biden signs $1T Infrastructure Deal; $73 billion for clean energy
Joe Biden, president of the United States, signed the infamous bipartisan $1 trillion infrastructure bill this Monday and turned it into law. The deal is...
Democrats agree to boost carbon capture credit – Reuters
According to information reported by Reuters, the White House and top Democratic lawmakers agreed to boost a tax credit for industrial carbon capture projects. Accordingly,...
Oil reaches $73 boosted by tighter demand; Biden-Xi call pushes it further
Oil prices reached briefly a high record this Friday after consistent losses weeks ago. Oil reached $73 per barrel, supported by signs of tight supply...
Gazprom announced Nord Stream 2 is ready: challenges remain
Gazprom, the Russian energy company, announced this Friday that Nord Stream 2, its infamous pipeline running under the Baltic Sea to send natural gas to...
DOE releases SPR crude to Exxon’s Baton Rouge refinery
DOE, the Department of Energy, headed by Secretary Jennifer Granholm, authorized the release of crude oil from the Strategic Petroleum Reserve to ExxonMobil’s refinery in...
Oil and gas drilling auctions in the U.S. to be resumed
Oil and gas leases in the United States will be resumed by the Biden administration after a federal judge in Louisiana ordered a resumption of...
U.S. to sell 200,000 bd of Strategic Petroleum Reserve; S&P
The U.S. will hit the market with around 200,000 barrels day of sour crude from the Strategic Petroleum Reserve; sale would happen from October to...
EVs could make up half of U.S. auto sales by 2030 – Biden
President Joe Biden last week announced his administration will set a new national target for the adoption of electric vehicles. Accordingly, this goal would boost...