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Oil and gas facility catches fire in Wise County, one injured
An explosion occurred Wednesday morning at the facility causing it to go up in flames
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Biden to Release 15 Million Barrels of Oil From Strategic Reserve Amid OPEC Cuts
It completes the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months
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‘A Disappointment': Saudi Arabia Oil Production Cuts Slaps Down Biden's Outreach
President Joe Biden is effectively acknowledging the failure of one of his biggest foreign policy gambles: a fist-bump with the de facto leader of Saudi Arabia, the crown prince associated with human rights abuses.
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Two People Killed in Massive Overnight Fire at Ohio BP Oil Refinery
Officials say a fire at an oil refinery in Ohio killed two people and the facility has been shut down.
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High Oil Prices Help Saudi Aramco Earn $88B in First Half
Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally.
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Oil Permits Up for Auction in Congo Basin Forest, Home of Endangered Gorilla
Sections of a renowned peatland tropical forest in the Congo Basin that plays a crucial role in Africa’s climate system go up for oil and gas auction in Kinshasa in the Democratic Republic of the Congo on Thursday.
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Gas Prices Mark 3 Weeks In Decline, Offering Relief At The Pump
Gas prices have been on a slow but steady decline across the U.S. since mid-June.
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CNBC Documentary ‘ExxonMobil at the Crossroads' Premieres June 22
CNBC’s newest documentary “ExxonMobil at the Crossroads” goes inside the Texas-based company to look at plans to increase production while reducing its carbon footprint.
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Biden Calls on Congress to Pause Federal Gas Tax for 90 Days
“I call on the companies to pass along every penny of this 18 cents reduction to the consumers,” President Joe Biden said Wednesday.
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Biden Demands Oil Companies Boost Output, Slams Refiners Over Record Profits
Biden warned refiners the administration is ready to “use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term”
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New Gas Pipeline Boosts Europe's Bid to Ease Russian Supply
European countries that are dependent on Russian imports are looking to get greater access to the global natural gas market through a new pipeline that crosses a remote border area of Greece and Bulgaria. The pipeline is nearing completion, and it would ensure that large volumes of gas flows between the two countries in both directions. The project is seen...
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Energy Department OKs Expanded LNG Exports From Texas, Louisiana
The Energy Department on Wednesday authorized additional exports of liquefied natural gas, or LNG, from planned terminals in Texas and Louisiana.
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Russia Cuts Off Gas to 2 NATO Nations in Bid to Divide West
The Kremlin warned other European Union countries could be next, sending shivers of worry through the 27-nation bloc