The Saudi oil minister rejects the implication that OPEC was assisting Russia, saying the discussion was in a nonpolitical ‘silo’ where the focus was prudent management of oil markets.
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Posted inBusiness, Nation & World
UN chief criticizes ‘grotesque greed’ of oil, gas companies
Antonio Guterres calls it ‘immoral’ that the largest of them made nearly $100 billion in profits in the 1st quarter.
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Posted inLocal & State, News
Gov. Mills seeks more federal aid for heating assistance
With 60 percent of homes relying on oil heat, Gov. Janet Mills said residents are ‘distinctly vulnerable’ to high oil prices this winter and more funding is needed for the Low Income Home Energy Assistance Program.
Posted inBusiness, Local & State
New England fuel dealers plot their future in a rapidly electrifying world
As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.
Posted inBusiness, Nation & World
Europeans weigh costs of cutting Russian energy over Ukraine
European Union countries import 40 percent of gas and 25 percent of oil from Russia, and the current EU timetable doesn’t foresee energy independence from Moscow for another five years.
Posted inBusiness, Local & State
Home heating oil prices across Maine nearly hit $6 per gallon
With warmer weather and U.S. reserves being released, a downturn in price is expected but the timing is hard to predict.