Camila Domonoske
Stories
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What to know about the U.S. emergency oil stash as Biden gears up to tap the reserves
The U.S is planning its largest-ever release from its Strategic Petroleum Reserve. Here's what to know about the country's emergency oil stash.
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How a handful of metals could determine the future of the electric car industry
Automakers want to sell you an electric vehicle, but to do that, they'll need the world to dig a lot more minerals out of the ground. The challenge is transforming both mining and the auto industries.
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Gasoline prices surge to a national record, with prices topping $4.17 gallon
The national average for a gallon of regular gasoline is now 4.17 according to AAA. That surpasses the previous record set in the summer of 2008, when not accounting for inflation.
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Oil prices surge as fears about Russian crude supplies intensify
The global benchmark topped $113 briefly on Wednesday, just days after it crossed the triple-digit mark for the first time in seven years.
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Ford announces a historic restructuring as it pivots to an electric future
The American automaker is going to split its auto business into two units — Ford Blue and Ford Model E. They will be housed under the same corporate umbrella.
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ExxonMobil joins business exodus from Russia after decades of close ties
The American oil and gas giant is "beginning the process to discontinue operations" at the Sakhalin-1 project off Russia's eastern coast. The company also says it won't make new investments in Russia.
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All Things Considered
Big oil companies cut business ties with Russia
BP, Equinor and Shell have all announced they are terminating their ties to the Russian oil industry — a move that will cost them billions of dollars.
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The U.S. and 30 other nations are releasing oil from reserves to try to calm markets
Oil-consuming nations will bring 60 million barrels of crude out of storage and onto global markets. It's supposed to calm oil prices down, but global crude went up on the news.
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All Things Considered
Biden sanctions spare Russia's energy sector. What that means for OPEC talks
The ongoing crisis in Ukraine has created volatility on global oil markets. The oil cartel OPEC+ has a meeting this week to discuss their output.
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Oil surges past $100 a barrel after Russia invades Ukraine
Oil surged past triple-digit prices for the first time since 2014. The breach of the psychologically significant milestone is bound to reinforce fears about inflation.