US legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said it would slash production despite lobbying by the Biden administration.
What is NOPEC, the US bill to pressure OPEC+?
Tag: oil companies
As truce ends, Yemen warns oil companies to leave Saudi Arabia, UAE
Yemen’s Armed Forces have put oil companies operating in Saudi Arabia and the United Arab Emirates on notice, warning that they could be targeted as long as Riyadh and its allies fail to commit to a proper ceasefire.
As truce ends, Yemen warns oil companies to leave Saudi Arabia, UAE
U.S. to sell additional 20 million barrels of oil from strategic reserve
‘We can’t be an oil supplier’: Biden’s adviser says oil reserve releases must end
One of Biden’s top energy aides confirmed Friday the administration won’t extend the oil releases from the Strategic Petroleum Reserve that are scheduled to end this fall.
‘We can’t be an oil supplier’: Biden’s adviser says oil reserve releases must end
Related:
Soaring U.S. Production Can’t Keep LNG Prices In Check
Europe has displaced Asia as the top destination for U.S. LNG, and now receives 65% of total exports.
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According to a report by the Oil & Gas Journal, 10-year LNG contracts are currently priced at ~75% above 2021’s rates, with tight supplies expected to persist as Europe aims to boost LNG imports.
America Is Headed for Class Warfare + More
Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.
America Is Headed for Class Warfare
Related:
“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices
Ms. Cat’s Chronicles 
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