‘We need to increase oil & gas output immediately,’ Elon Musk says
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s (TSLA)...
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s (TSLA) chief executive said the U.S. needs to immediately increase production of oil and gas in a tweet late Friday, which runs against the grain of the EV maker’s own green-energy business initiatives. “Hate to say it, but we need to increase oil & gas output immediately,” Musk tweeted Friday.
The Biden administration is considering following Canada in barring Russian ships from U.S. ports,...
The Biden administration is considering following Canada in barring Russian ships from U.S. ports, a government official said this week. A White House spokeswoman said no decision has been made.
Biden administration officials pressured some Democratic senators not to support bipartisan legislation by Sens. Joe Manchin (D-W.Va.) and Lisa Murkowski (R-Alaska) that would ban oil and gas imports from Russia, Senate Democratic aides told Axios.
Refugees Fleeing Ukraine Now Represent Biggest Movement of People in Europe Since World War II
RZESZOW, Poland—More than 1.45 million people have left Ukraine since ...
RZESZOW, Poland—More than 1.45 million people have left Ukraine since Russia invaded the country 10 days ago, the International Organization for Migration said on Saturday, sparking what the United Nations agency described as the fastest and largest displacement of people in Europe since World War II.
U.S. oil futures jump more than 7% to the highest level in more than 10 years
Oil futures climbed on Friday, with U.S. prices ending at their highest in more than 13 years, as Russia's...
Oil futures climbed on Friday, with U.S. prices ending at their highest in more than 13 years, as Russia's invasion of Ukraine, and Western nations' sanctions on Moscow in retaliation, threaten to disrupt global crude supplies. Oil prices have been "a one-way market, but the potential return of Iranian crude supplies could provide much relief to this very tight market," said Edward Moya, senior market analyst at OANDA. News reports said Iran and world powers were close to an agreement to restore the 2015 nuclear deal, which is expected to lead the U.S. to lift sanctions on Tehran, allowing more oil to flow into the global market.
West Texas Intermediate crude for April delivery CLJ22, +6.81% rose $8.01, or 7.4%, to settle at $115.68 a barrel on the New York Mercantile Exchange. That was the highest front-month finish since September 2008, according to Dow Jones Market Data. For the week, prices rose 26.3%, the largest percentage climb since the week ending April 3, 2020.
