Petroleum prices hit seven-year highs Friday, as supply worries continue to rise due to geopolitical tensions.
Oil spikes to new 7-year highs due to supply worries to $91.25 per barrel
Oil extended gains to seven-year highs above $90 a barrel on Thursday
The signs that the U.S. Federal Reserve would tighten monetary policies were outweighed by the Ukraine crisis.
What would a war in Ukraine mean for Europe’s energy crisis?
What impact will a possible Russian invasion of Ukraine have on Europe’s energy-starved continent? It all depends on what President Joe Biden does.
The arrival of ‘lethal’ U.S. military aid in Ukraine according to the American Embassy, Kyiv
According to the American Embassy, Kyiv, U.S. military assistance to Ukraine to defend against possible Russian invasion began arriving Friday night.
‘Extremely dangerous’ Hurricane Ida knocks out more oil than Katrina
HOUSTON, Aug 27 (Reuters) – U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide
The Oil & Gas Inflation Trap Causing Concern For Global Investors
Recently, President Joe Biden sought to calm fears that rising inflation might hurt the U.S. economy and threaten his $4 trillion spending plans. After the Covid-19 lockdowns, U.S. inflation accelerated to
U.S. and allies accuse China of global hacking spree
WASHINGTON, July 19 (Reuters) – The United States and its allies accused China on Monday of a global cyberespionage campaign, mustering an unusually broad coalition of countries for an initiative
G7 nations strike deal to tax big companies and squeeze havens
The United States, Britain and other leading nations reached a landmark deal on Saturday to pursue higher global taxation on multinational businesses such as Google, Apple and Amazon.
Ransomware gangs disrupted by response to Colonial Pipeline hack
Multiple ransomware groups claimed they were shutting down or scaling back operations on Friday as the U.S. government ramped up pressure while tech companies, cryptocurrency exchanges and others worried about
Top U.S. fuel pipeline recovering from devastating ransomware attack
After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages
Fuel shortages worsen on sixth day of top U.S. fuel pipeline outage
Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network entered its sixth day and gasoline stations ran out of
