Putin's threatened response to companies ditching Russia may cause 'even more economic pain,' Psaki warns
After Russian President Vladimir Putin floated the idea of nationalizing companies that refuse to do business in Russia over the Ukraine invasion, White House Press Secretary Jen Psaki suggested Thursday that such a move would further damage Russia economically.
Energy experts laud new tone as Granholm, Biden admin call for more US oil and gas
Energy industry experts are lauding a "balanced" tone from Energy Secretary Jennifer Granholm and other Biden officials at CERAWeek.
Google pausing 'vast majority' of business in Russia over Ukraine invasion
Google said Thursday that it is now pausing the “vast majority" of commercial activities in Russia after announcing last week that Google ads would be suspended in the country over Putin's invasion of Ukraine.
Russia-Ukraine war shows world 'very dependent on carbon,' renewables 'not ready yet,' Rubenstein says
Carlyle Group co-chairman David Rubenstein told FOX Buiness that the major lesson of the Russia-Ukraine war for the energy industry is that carbon energy sources are here to stay.
House GOP reelection arm targets vulnerable congressional Democrats over record-high gas prices
With gas prices at an all-time high, the National Republican Congressional Committee is taking aim at 10 House Democrats with new ads blaming them for the soaring prices at the pump.
Granholm calls on energy execs to boost supply amid criticism of Biden policies
U.S. Energy Secretary Jennifer Granholm Wednesay said energy companies need to be "producing more right now" to counter rising prices.
Biden's Russia oil ban: Energy industry reps laud move, say it's 'befuddling' president won't back US energy
Representatives of the energy industry Tuesday said the ban on Russian oil imports shows how important it is to develop domestic energy.
Russia suspends foreign currency sales as ruble crashes amid economic fallout over Ukraine invasion
Russia’s central bank, faced with unprecedented sanctions and a plummeting ruble, said Wednesday it was suspending the sale of foreign currencies through September.
Some Western companies decline to join corporate exodus from Russia over Ukraine invasion
The corporate exodus from Russia continued Tuesday as McDonald's, Coca-Cola, Starbucks, and Pepsi announced that they are temporarily suspending business in Russia over Putin's invasion of Ukraine.
Credit agency downgrades Russia to 'C' rating, says sovereign default 'imminent'
American credit rating agency Fitch Ratings has downgraded Russia’s credit rating from a “B” to a “C” and suggested that a sovereign default is imminent as the country continues to face economic backlash from its decision to invade neighboring Ukraine roughly two weeks ago.
Sen. Boozman asks Biden admin to 'ensure food security' amid supply chain disruptions
Sen. Boozman asks U.S. Secretary of Agriculture to delay the Conservation Reserve Program sign-up deadline for farmers, in an effort to "ensure food security" following invasion of Ukraine
US could increase gas exports to help Europe move away from Russian energy, CEO says
Exporting more U.S. gas into Europe can "reduce that dependence" on Russian energy, a trade association CEO said.
Energy industry swipes back at Psaki 'red herring' comment on oil and gas leases
Energy industry representatives said the reason so many drilling permits sit unused is more complicated than White House Press Secretary Jen Psaki suggested.
World Bank assembling $725M emergency package to Ukraine
The World Bank is sending a financing package to Ukraine as the country fights back against an invasion from neighboring Russia
Most Americans back banning Russian oil even if domestic gas prices jump: poll
A new national poll indicates that most Americans back the banning of Russian oil imports even if domestic gas prices jump higher
Gas prices above $4 per gallon as Russia-Ukraine war impacts supply, disrupting global market
The U.S. national average for a gallon of regular unleaded gasoline hit $4.009 on Sunday.
Russian sanctions: Will they curb Putin's aggression? Experts weigh in
The United States and its Western allies have imposed crippling sanctions against Russia over its invasion of Ukraine.
Russia sanctions: Tech cutoff is bad, but credit service suspension 'unbearable' for average citizen
Tech companies including Apple, Google and Microsoft have suspended services in Russia, but the credit card service suspension is going to have more severe impact, according to an expert.
American Express suspends operations in Russia, Belarus over Ukraine invasion
American Express on Sunday said it will suspend operations in Russia over its military invasion of Ukraine.
Credit agency cuts Russia’s rating again, pushes country to brink of default
Russia's economy already sits in a vulnerable position, with the ruble in freefall and the stock markets closed to prevent the economy from cratering.