OPEC+ has announced a significant cut in global oil supplies ahead of European Union embargoes on Russia energy and in time for the peak winter season, Reuters reports. Exacerbating concerns about soaring inflation, the move is expected to push up the price of gasoline again.
A new report by the Safeguard Defenders human rights NGO reveals that China’s ruling Chinese Communist Party (CCP) has set up a worrying global policing program, including the establishment of police stations in New York City and Toronto, through which to establish extraterritorial control of citizens suspected of fraud and telecom crimes.
A new report from the Department of the Interior shows the Biden Administration has leased fewer acres of land for oil and gas drilling on federal lands and waters since former President Harry Truman in the 1940s.
Finance ministers of the wealthy Group of Seven (G7) industrialized nations want a price cap on Russian oil to prevent Moscow from profiting from its war against Ukraine.
IRNA reports that Syria’s oil and gas industry is one of Iran’s “most significant markets for investment.” The synergy between the two Middle Eastern countries, IRNA said, could be an “important step” toward economic cooperation.
Iran and Russia have agreed on a deal that would enable the two countries to dominate the world market for natural gas and set the prices.
A video produced by the Lebanese terror group Hezbollah and released on July 31 threatened the Karish offshore natural gas and oil field in the northern part of Israel’s Exclusive Economic Zone.
Freedom appeared a little closer Thursday to several detainees after the United States offered a prisoner swap to Russia: Viktor Bout, a notorious Russian arms dealer, for Brittney Griner, the American basketball star, and Paul Whelan, a former Marine.
The European Union has imposed asset freezes and visa bans on influential Syrians for allegedly recruiting mercenaries to fight alongside Russian forces in Ukraine.
Archaeologists in Jerusalem’s Old City have unearthed a 2,000-year-old Judean villa with its own Jewish ritual bath (‘mikveh’), overlooking the site of the Biblical temples, the Associated Press reports.
Italian Premier Mario Draghi resigned Thursday after key coalition allies boycotted a confidence vote, signaling the likelihood of an early election and a renewed period of uncertainty for Italy and Europe at a critical time.
House Republicans want to haul in Department of Energy officials to examine the Biden administration’s handling of the Strategic Petroleum Reserve (SPR) and recent overseas sales of domestic stocks despite near-record U.S. gasoline prices.
Christians and other Sri Lankans facing shortages faced uncertainty Wednesday as the prime minister of Sri Lanka ordered the military to “do whatever is necessary to restore order” after protesters stormed his office.
A Danish evangelist says he is being held in jail by U.S. Immigration and Customs Enforcement (ICE) authorities for allegedly “smuggling weapons from Mexico to America.“
Progressives are looking to constrain the Biden administration’s ability to send weapons and enter security agreements with Saudi Arabia as President Biden gears up for a controversial visit to strengthen ties with the country.
The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would “support American consumers” and combat “Putin’s price hike.”
Japan plunged into mourning and political turmoil Friday as its former prime minister and longest-serving leader, Shinzo Abe, died after being shot while campaigning for a parliamentary election.
Russia claims to have found a massive oil reserve in the Arctic, in a discovery that could further strengthen Moscow’s hand as energy prices continue to skyrocket.
The Environmental Protection Agency (EPA) is considering labeling the United States’ largest oil field in violation of ozone pollution standards, threatening drilling operations in the region and, by extension, domestic oil production.
U.S. President Joe Biden says the United States and other Group of Seven (G7) countries will ban imports of gold from Russia to undercut its financing of Moscow’s war in Ukraine.