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Crude Oil Rises After EU Proposes Sanctions

Meanwhile, OPEC+ is expected to continue another modest oil output for June.

United statesCity ofUnited kingdomCallum macphersonPhil flynnKoichi hagiudaJennifer granholmEuropean unionUs energyPrice futures groupTexas intermediateGas tax reliefConvenience mattersTipping pointConvenience storeConvenience stores

Gasoline Demand Ticks Upward as Prices Ease Off Record Highs

Crude oil is hovering at $100 a barrel and supply worries continue.

Environmental protection agencyDistrict of columbiaUnited statesWhite houseAndrew grossEnergy information administrationTexas intermediateOil companies make moneyHigh gasConvenience mattersTipping pointConvenience storeConvenience storesC storeC storesPumping gas

Biden Administration to Temporarily Allow E15 Sales Through Summer

The action is an attempt to ease prices at the pump.

United statesEnvironmental protection agencyDistrict of columbiaWhite houseRussian federationEnergy departmentWall streetJohn thuneDick durbinPresident bidenConvenience storeConvenience storesC storeC storesPumping gasFuel retailing

Congress Tries to Get to the Bottom of Record-High Gas Prices

Additionally, the EPA is looking at biofuel options to help lower gas prices for consumers.

United statesAl iskandariyahMichael reganJohn bensonDenton cinquegranaMaria cantwellEnvironmental protection agencyTransparency in petroleumBig oilBiden administrationHouse energySenate commerce committeeDevon energyPetroleum marketsSenator maria cantwellCommerce subcommittee

OPEC+ to Continue Oil Output at Modest Pace

Meanwhile, the U.S. dips into its oil reserves—the third time in six months and the largest release in the reserve’s history.

Al iskandariyahUnited statesCity ofUnited kingdomSouth sudanSaudi arabiaEdward bellInternational energy agencyOrganization of the petroleum exporting countriesTexas intermediatePetroleum exporting countriesConvenience storeConvenience storesC storeC storesPumping gas

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