-
The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.
-
The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.
-
Among other factors, AAA attributes the drop to increased oil supplies across the country.
-
The plan would involve releasing a total of 180 million barrels of oil over several months — the largest amount ever drawn from the reserve.
-
Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.
-
President Vladimir Putin issued a new directive as he attempts to leverage Russia's in-demand fuel to counter a barrage of Western sanctions.
-
The average price of a gallon of gas has fallen 20 cents in the last week.
-
A second consecutive day of losses comes while China faces a surging number of COVID-19 cases across the country.
-
The U.S. initiates conversations with Venezuela on oil following the ban on Russian oil imports. Plus, thousands of Cubans are trying to get to their families in Florida. Could the U.S. help them? And it was almost a hundred years ago when Flagler's railroad disappeared in a hurricane… except for a few parts.
-
After breaking off diplomatic contact in 2019, the U.S. may be considering a detente with Venezuela, a country with some of the largest oil reserves in the world.
-
The economic restriction, one of several announced in recent weeks, is meant to punish Russian President Vladimir Putin and further hobble Russia's finances as it invades Ukraine.
-
COMMENTARY: If Trump dealt with Kim, then Biden can deal with Maduro — as long as Biden treats Venezuela's dictator tougher than Trump treated North Korea's.