Europe wants 50 billion cubic meters of additional natural gas, but supplies are tight. Prices will rise and other regions might have to do with less.
Tag: Oil (Petroleum) and Gasoline
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A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil
The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the Atlantic. A number of tankers carrying Russian oil face similar problems.
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As Gas Prices Soar, Biden’s Climate Ambitions Sputter
Rising costs at the pump, war in Ukraine, an emboldened fossil fuel industry and stalled legislation have imperiled President Biden’s climate agenda.
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New Jersey Sticking With Full-Serve Gas
A brief but intense push to change a law that forbids self-service gas stations stalled before it even revved up.