Post Tagged with: "Biden"

Source: Reuters

Exclusive: Biden EPA to tackle coal industry carbon with rules on other pollutants

Yahoo News


GUAYAMA, Puerto Rico – The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court …

July 29, 2022 - 12:00 pm Carbon Capture, Closing Bell Story‎, Coal News, Energy News
Source: World Oil

Biden expected to announce executive action on climate Wednesday

World Oil


(Bloomberg) — President Joe Biden will announce executive action to address climate change Wednesday, as he continues to weigh a broader emergency declaration that would allow him to marshal sweeping powers against “global warming.”

The potential emergency order …

Source: World Oil

Biden expects more Saudi oil after trip to kingdom

World Oil


(Bloomberg) — President Joe Biden said he expects further oil supply increases from Saudi Arabia to help tame fuel costs at home after a landmark meeting with the kingdom’s rulers.

 

Biden’s trip didn’t result in an immediate …

Source: CNBC

Biden heads to Saudi Arabia for what could be an ‘embarrassing’ climbdown — or a welcome reset

CNBC


President Joe Biden is headed to Saudi Arabia this week as part of his first Middle East trip as commander in chief.

 

He’s going with a list of goals, including energy security, bringing the Saudis and Israel closer …

July 13, 2022 - 10:02 am Closing Bell Story‎, Energy News, Political News, Politics
Source: Reuters

Biden to ask Persian Gulf producers to boost oil output during Middle East trip

World Oil


(Bloomberg) — President Joe Biden said he’ll ask U.S. allies in the Persian Gulf region to boost oil production when he meets with them during a trip to Saudi Arabia next month, one of the key avenues he …

Source: Reuters

France’s Macron tells Biden that UAE, Saudi pumping near oil limits

World Oil


(Bloomberg) — French President Emmanuel Macron said that the United Arab Emirates’ ruler confided to him that OPEC’s two leading oil exporters are already pumping almost as much oil as they can.

The UAE is “at maximum” output …

Source: CNBC

Biden says he’s considering gas tax holiday as admin targets July 4 announcement

CNBC


President Joe Biden said Monday that he is seriously considering a temporary halt in the federal gas tax as the White House looks to take steps to lower the cost at the pump ahead of the July 4 holiday.…

Source: Reuters

Analysis: With record pump prices, Biden hard-pressed to ramp up Russia sanctions

Reuters


As the Biden administration contemplates expanding punitive measures on Russia for its invasion of Ukraine, a big hurdle lies closer to home: the American consumer.

 

U.S. drivers are embarking on summer vacations with gasoline prices averaging more than …

Source: Reuters

Biden and the oil industry are talking past each other

Yahoo Finance


Remember the outrage when a handful of U.S. oil refineries closed in 2020?

If you don’t, that’s because there wasn’t any outrage. Oil and gasoline prices were blissfully low and the COVID-19 pandemic dominated the news. Hardly …

Source: CNBC

Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’

CNBC


President Joe Biden on Wednesday called on U.S. oil refining companies to produce more, saying they need to help alleviate the burden of high prices on consumers.

 

“At a time of war – historically high refinery profit margins

Source: Reuters

Biden waives solar panel tariffs for four countries, invokes defense law

Nasdaq


WASHINGTON – President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home, the White House said on Monday, confirming a …

Source: Reuters

OPEC+ brings forward oil output rises as Biden’s Saudi visit looms

Yahoo


DUBAI/LONDON/RIYADH -Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President …

Source: Reuters

Exclusive: Biden sidelined global energy partners with record emergency oil release

Reuters


The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the …

May 9, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Biden reverses Trump move to open up more oil drilling in Arctic

CNBC


The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling.

The Bureau of Land Management’s …

Source: World Oil

Biden resumes new oil and gas drilling on public land, offering less land and higher fees

World Oil


(Bloomberg) — President Joe Biden’s administration is dramatically curtailing U.S. public land available for new oil and gas development as it seeks to impose more environmental protections and financial limitations on the activity.

The shift is part of …

Source: Reuters

Analysis-Biden plan to aid Europe with LNG poses risk to US climate goals

Reuters


WASHINGTON – U.S. President Joe Biden’s plan to expand liquefied natural gas (LNG) shipments to Europe to cut the region’s dependence on Russian fuel risks undermining his administration’s climate goals by encouraging more gas production and increasing emissions, according …

Source: World Oil

Biden’s hydrogen hub plan sparks $8 billion race among U.S. states

World Oil


(Bloomberg) — A hydrogen economy that runs factories and power plants on the clean-burning fuel may be years down the road, but that hasn’t stopped U.S. states from jockeying for a share of the $8 billion in federal …

April 8, 2022 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Hydrogen
Source: Bloomberg

Biden poised to use cold-war powers to boost battery metals

Bloomberg


President Joe Biden is poised to invoke as soon as this week Cold War powers to encourage domestic production of critical minerals for electric-vehicle and other types of batteries, according to people familiar with the matter.

The White House …

Source: Bloomberg

Biden signals third year of offshore oil-leasing delay in gulf

World Oil


(Bloomberg) — The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included in …

March 30, 2022 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: World Oil

Biden, allied leaders discuss new round of oil reserve release

World Oil


(Bloomberg) — The U.S. and other major economies this week discussed oil supply and the potential for another round of releases, President Joe Biden’s top national security aide said, raising the prospect of new government intervention to ease …

Source: Reuters

Shale drilling climbs most in month as Biden calls for more oil

World Oil


Source: Reuters

Biden’s Russia-oil ban opens path for shale giants EOG, Devon to fill the gap

World Oil


(Bloomberg) — President Joe Biden’s ban on Russian oil imports puts new pressure on U.S. drillers to help fill a supply shortfall that has sent crude prices to the highest levels since 2008. Among them: EOG Resources Inc. …

Source: World Oil

Biden says U.S. will ban Russian oil, fuels to pressure Putin on war

World Oil


(Bloomberg) — President Joe Biden said the U.S. will ban imports of Russian fossil fuels including oil, a major escalation of Western efforts to hobble Russia’s economy that will further strain global crude markets.

“We’re banning all imports …

Source: World Oil

Biden called to unleash shale to counter deepening energy crisis

World Oil


(Bloomberg) — The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

The Biden administration, which has made climate one of …

Source: World Oil

API letter calls on Biden administration to support American energy leadership

World Oil


Source: World Oil

Texas, 14 other states sue EPA over ‘war against Texas oil and gas’

World Oil


Texas Attorney General Ken Paxton is leading a 14-state coalition challenging the Biden Administration’s Environmental Protection Agency (EPA) regulations on vehicle emissions. Paxton says President Joe Biden’s ‘bureaucratic decrees’ micromanage cars’ and trucks’ greenhouse gas emissions, which exceeds …

March 1, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Reuters

Biden, Saudi king discussed OPEC+, oil stability and Yemen

World Oil


(Bloomberg) — U.S. President Joe Biden and Saudi Arabia’s King Salman spoke on Wednesday about stabilizing energy prices, the status of the Iranian nuclear talks and the war in Yemen.

Amid a surge in oil prices this year …

Source: Reuters

Biden, EU pledge cooperation on energy security amid Russia threat

Nasdaq


WASHINGTON, Jan 28 – U.S. President Joe Biden and his European Union counterpart Ursula von der Leyen on Friday pledged to cooperate on guaranteeing Europe’s energy security as well as Ukraine’s amid the standoff triggered by Russia amassing troops …

Source: World Oil

Biden rattles his saber at oil producers as prices surge to 2014 high

World Oil


(Bloomberg) –The Biden administration is working with oil-producing countries to ensure supply rises to meet demand, according to the White House, as prices surge to the highest level in seven years.

The White House plans to continue to …

Source: Reuters

Explainer: Oil price spike leaves limited options for Biden

Reuters


NEW YORK, USA – Two months after US President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multiyear highs. And Biden has …

January 14, 2022 - 10:30 am Uncategorized