Oil Prices

The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion as prices of oil and imported products rose due to soaring inflation, according to data released Friday by the Census Bureau and the Bureau of Economic Analysis.

The latest measure of misery shows that the Americans will spend an average of $667 more for fuel this year than they did last year.

The United States added just one oil rig this week amid renewed pressure from climate change activists on investors to deny capital to fossil fuel producers.

White House aides were out in force on Monday warning that Tuesday’s inflation report would be ugly and blaming it on Vladimir Putin.

U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.

President Biden will release a record 1 million barrels of oil per day from the Strategic Petroleum Reserve in a bid to contain soaring energy prices...

Officials from the administrations of presidents Joe Biden and Andres Manuel Lopez Obrador in recent days discussed their concern about the impact that rising food and energy prices will have on the region

The Biden administration has asked TikTok stars to publish content blaming Vladimir Putin for the rising gas prices in the United States.

Prime Minister Victor Orban says Hungarian families won’t be the ones to suffer over the Russian-Ukrainian war by having to cope with increasing oil prices.

Decree comes in response to Biden declaring a total ban on Russian oil and gas imports.