US refiners to urge Biden admin not to ban fuel exports

Top energy company executives will try to convince the White House Thursday not to ban fuel exports in a desperate bid to bring down eye-watering gasoline prices. The emergency meeting led by Energy Secretary Jennifer Granholm follows weeks of mudslinging between President Biden and oil companies over the cause of the intense price spikes affecting … Read more

Biden declared verbal war against oil companies: Former Trump economist – Fox Business

Biden declared verbal war against oil companies: Former Trump economistFox Business Larry Kudlow: This is so absurdFox Business Biden has been ‘hijacked’ by progressive left: Rep. MurphyFox Business View Full Coverage on Google News

Eni Postpones Plenitude IPO on Market Conditions

By Giulia Petroni Eni SpA on Thursday said that it has postponed the initial public offering in Milan of its Plenitude retail and renewables business due to deteriorating market conditions. “Even though the companies have seen a strong and widespread interest in Plenitude from investors, as well as significant consensus on its strategy, Eni assessed … Read more

In Volatile Markets, Income Investors Must Choose: High Yields or Steady Payouts.

As 2022 approaches its midpoint with deepening concerns about recession and inflation, stocks with higher yields have performed relatively better than those with faster-growing payouts. But Donald Kilbride, the portfolio manager of the $ 53 billion Vanguard Dividend Growth fund (ticker: VDIGX), which focuses on rising payouts, not yield, is taking that into stride. As … Read more

Germany Looks at Potential Rationing of Natural Gas After Russia Cuts Supply

BERLIN — The German government moved closer to rationing natural gas on Thursday after Russia cut deliveries to the country last week in an escalation of the economic war triggered by Moscow’s invasion of Ukraine. Berlin triggered the second of its three-step plan to deal with gas shortages after the Kremlin-controlled energy giant Gazprom, the … Read more

Gas Prices Are Coming Down, With or Without Biden’s Tax Holiday

Text size Prices are displayed on a gas pump at a gas station in Washington, DC. Stefani Reynolds / AFP / Getty Images President Joe Biden’s latest effort to lower the price at the pump probably isn’t going to succeed. But gas prices are heading down anyway, and they’re likely to fall more dramatically in … Read more

Gas Prices Are Coming Down, With or Without Biden’s Tax Holiday

Text size Prices are displayed on a gas pump at a gas station in Washington, DC. Stefani Reynolds / AFP / Getty Images President Joe Biden’s latest effort to lower the price at the pump probably isn’t going to succeed. But gas prices are heading down anyway, and they’re likely to fall more dramatically in … Read more

Berkshire Hathaway Holds 16.3% of Occidental Petroleum After Recent Buys

Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Kevin Dietsch / Getty Images Berkshire Hathaway purchased more than $ 500 million of Occidental Petroleum stock recently and now holds a 16.3% stake in the big energy company, according to a regulatory filing late Wednesday. Berkshire Hathaway (ticker: BRK / A, BRK / B) … Read more

Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

Habeck has previously warned the situation is going to be “really tight in winter” without precautionary measures to prevent a gas supply shortage. Picture Alliance | Picture Alliance | Getty Images Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a … Read more

EU champion Airbus has deep links to Chinese military industrial complex, report says – POLITICO

Press play to listen to this article Top European planemaker Airbus has advanced technology sharing and manufacturing agreements with entities linked to China’s state-run military apparatus, a new report shows. The findings will beg questions over how long Europe’s aviation champion can continue to secure its strong market position in China with such local partnerships, … Read more