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Markets , Trade , International
South Korea Willing to Back US Plan to Cap Russian Oil Price
U.S. Treasury Secretary Janet Yellen, in the wake of Russia’s invasion of Ukraine, has been championing a price cap on Russian oil in a bid to avert a price spike that could prompt a recession.
July 19, 2022
Markets , Trade , International
Biden Touts Lower Energy Prices Following Middle East Tour
U.S. President Joe Biden proclaimed his recent Middle East trip a success and touted recent reductions in both oil and gas prices on his return to Washington.
July 19, 2022
Markets , Trade , International
Biden Fails to Secure Major Oil Commitments at Arab Summit
Biden came to Saudi Arabia hoping to reach a deal on oil production to help drive down gasoline prices that are driving inflation above 40-year highs and threatening his approval ratings.
July 18, 2022
Markets , Trade , International
Biden Says He Supports Two-state Solution while in West Bank
U.S. President Joe Biden tours the Middle East to discuss wide-ranging issues from security and U.S. support of Israel as well as a two-state solution to clean energy issues in Saudi Arabia.
July 15, 2022
Markets , Trade , International
US Not Expecting Saudi Arabia to Immediately Boost Oil Production
“The decision to increase oil production is subject to several factors and considerations and does not depend on a U.S. request,” Abdulaziz Sager, chairman of the Riyadh-based Gulf Research Center, said.
July 15, 2022
Markets , Trade , International
API Says US Lacks Comprehensive Energy Policy Ahead of Biden’s Saudi Visit
Ahead of Biden’s visit to Saudi Arabia, API reiterates its 10-point plan of policy issues Washington “should enact immediately to lower prices and secure American energy security going forward,” CEO Mike Sommers said.
July 14, 2022
Crude Oil , Trade
Oil Prices Fall Ahead of Potential Large US Rate Hike
Oil prices have tumbled in the past two weeks on recession concerns despite a drop in crude and refined products exports from Russia amid Western sanctions and supply disruption in Libya.
July 14, 2022
Crude Oil , Trade , International
OPEC Could Take ‘Further Steps’ on Oil Output, White House Official Says
President Joe Biden will make a stop in Saudi Arabia this week, pushing energy policy into the spotlight as the U.S. and other countries face soaring fuel prices that are driving up inflation.
July 11, 2022
Trade , Energy Transition
US to Lift Tariffs on Canadian Solar Products
Canada, arguing that the tariffs on the country’s solar products violated the terms of the U.S.-Mexico-Canada Agreement (USMCA), had sought the assistance of a dispute settlement panel last year.
July 11, 2022
Natural Gas , Trade , Pipelines
Canada to Return Repaired Nord Stream 1 Turbine, Expand Sanctions on Russia
Russia last month cited the delayed return of the turbine as the reason behind its reduction of flows to 40% of capacity through the Nord Stream 1 gas pipeline to Germany.
July 11, 2022