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Major U.S. oil companies will face the Senate today - accused of inflating fuel prices

"We will not sit back and allow fossil fuel producers to take advantage of the American people and cheat them at the gas station," said the chairman of the House Energy Subcommittee. Last week, President Joe Biden, a Democrat, urged oil companies to increase production and serve American

U.S. winter wheat crop in poor condition - Reuters analysts

The U.S. Department of Agriculture said that as of April 3, 30% of U.S. winter wheat was in good to excellent condition, well below trade expectations: 40% и 53%. La Niña conditions (low rainfall due to colder-than-normal Pacific waters) are expected to remain through the summer in the

Spain plans to launch the construction of a gas pipeline to France

"Spain must make its excess capacity available to Europe," said the CEO of Enagas SA. To do this, we should focus on the construction of the first phase of the so-called MidCat pipeline with France. Enagas will also potentially focus on increasing compression capacity and transporting gas through

Russian market is down

Back to square one: the Russian market is down 7% after news of new EU sanctions

Amazon Signs Largest Deal in Commercial Space Industry History for 83 Project Kuiper Internet Satellite Launches

The contracts for ULA, Arianespace and Blue Origin total billions of dollars, sources said.

Asian countries will buy American and Middle Eastern oil

Earlier Saudi Aramco raised export oil prices. Asian refineries may refuse to buy additional amounts of Arab oil, analysts said. The release of oil from U.S. reserves has made U.S. long-distance oil more attractive to Asian consumers.

EU plans to ban imports of Russian coal

WSJ reports that the European Commission will propose to ban imports of coal from Russia and the supply of new equipment to Russia, to close sea and land borders for Russian carriers. The EU bans exports to Russia of semiconductors, high-tech equipment, liquefied natural gas extraction equipment and other equipment.

Hertz plans to buy up to 65,000 cars from Polestar

Hertz Global Holdings said Monday it plans to buy a large batch of electric cars from Sweden's Polestar within five years. The cars will become available for rent to Hertz customers starting this spring. Earlier last year, Hertz distinguished itself with an order from Tesla for 100 thousand

The U.K. food sector is the hardest hit by rising energy prices

According to the Office for National Statistics, British food producers are particularly hard hit by the rally in energy markets. Sixty percent of industry workers were affected, compared with a sector average of 38 percent. The U.K. economy is on the verge of stagflation, according to agency analysts. This

Climate change could cost states $2 trillion annually by the end of the century

The White House estimates that floods, droughts, wildfires and hurricanes exacerbated by climate change could cost the U.S. federal budget about $2 trillion a year by the end of the century. Such spending could result in a 7.1 percent annual drop in federal revenues by the end of