Jeff Bezos Criticizes Biden's Call for Gas Stations to Cut Prices

Amazon's founder said the president's push is "misdirection." The White House rejected the criticism. 


 
As Big Stock Sales and IPOs Stall, Energy Investors Make Hay

For years, energy stocks underperformed other sectors. But oil prices have surged this year as Russia invaded Ukraine and markets tipped into turmoil. 


 
Israel Shoots Down Hezbollah Drones

Israel's military said the drones were headed for one of its gas rigs in a disputed drilling area of the Mediterranean sea, but Hezbollah says the drones were unarmed and launched for a reconnaissance mission. 


 
Exxon Says Quarterly Profit Could Hit $18 Billion

Second-quarter profit was boosted by the highest prices for oil, gas and refined fuel products in years, as global supply trails demand. 


 
Biden Seeks to Block New Offshore Drilling in Atlantic, Pacific

The administration's five-year drilling plan could allow limited leasing off Alaska and in Gulf of Mexico. 


 
Drivers Endure Near-Record Gas Prices During July 4 Travel

Gasoline prices drop below $5 a gallon as a record number of drivers are expected to hit the road over July Fourth weekend, according to AAA 


 
Oil prices tally first gain in 3 sessions, end higher for the week as supply worries resurface

Oil futures tally their first gain in three sessions on Friday, settling higher for the week, after major producers raised output as expected and outages in Libya fed concerns about reduced supply. 


 
U.S. Releases Oil Tanker That Sailed From Russian Port

The Daytona tanker was allowed to unload its cargo in New Orleans after officials concluded it hadn't breached sanctions. 


 
Russia Takes Control of International LNG Project

The move is one of the most drastic responses by the Kremlin so far to the flight of Western companies from Russia in the wake of the country's invasion of Ukraine. 


 
Siemens Writedown on Energy Stake to Hit Earnings

Siemens warned it could see a non-cash impairment of about EUR2.8 billion on its net income in the third quarter due to its investment in Siemens Energy.


(END) Dow Jones Newswires

07-04-22 0015ET