Post Tagged with: "Biden administration"

Source: World Oil

Biden administration says oil leasing to resume on federal land

World Oil

(Bloomberg) — The Biden administration said Friday it would resume plans for oil and gas drilling on federal lands after a federal appeals court granted a White House request to allow the administration to use a revamped metric …

Source: Reuters

European gas prices rise on U.S.-Russia sanctions, SPR plans

World Oil

LONDON (Bloomberg) – European natural gas futures rose on Tuesday after the U.S. imposed its latest sanctions aimed at Russia’s Nord Stream 2 pipeline, a move the Kremlin says is “illegal.”

Crude’s rise, in response to plans by …

Source: Reuters

EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document


NEW YORK – The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a document seen by Reuters, a move triggered by a broad decline in gasoline demand during the

September 23, 2021 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Biden administration to resume drilling auctions in setback to climate agenda


The Biden administration announced plans on Tuesday to open millions of acres for oil and gas exploration as the White House sought to comply with a court order requiring it to resume lease auctions.

The move, which includes some …

September 1, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

U.S. orders new review of drilling in Alaska wildlife refuge


The Biden administration said on Tuesday it would conduct a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge.

The widely anticipated move comes two months after the Department of Interior said it would …

Source: CNBC

Investors believe the stock market could see headwinds under a Biden presidency


Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market returns, according to a new CNBC survey.

As a part of CNBC’s Quarterly Report, we polled more than 100 chief investment officers, portfolio managers and CNBC

December 28, 2020 - 2:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Green is the new black in boom for clean energy funds


LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses.…

Source: Reuters

U.S. renewable fuels legislation could garner bipartisan support under Biden


NEW YORK – Renewable fuels are a niche market for now, but with Democratic President-Elect Joe Biden set to enter office with a divided Congress, legislation supporting demand for products like renewable diesel could garner bipartisan support.

Biden, elected …