Oil futures tumbled more than $5 a barrel on news that the Biden administration is considering releasing about 1 million barrels a day from the U.S. Strategic Petroleum Reserve (SPR) for several months to cool surging crude prices.Brent crude futures…
The European Commission on Thursday proposed emergency intervention in Europe's energy markets to ease the recent sharp rise in energy prices. A much-watched proposal to cap natural gas prices was not included because of controversy.…
U.S. companies face pressure from rising raw material prices The second-quarter performance report released by General Electric on the 27th showed that despite the significant increase in revenue, like many companies that have recently announced thei…
On December 21, the commissioning ceremony of the Kovykta gas condensate field in Russia's Irkutsk region and the Kovykta-Chayanda section of the "Power of Siberia" gas pipeline was held simultaneously in several places in Russia. Russian President V…
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