Alaska lawmakers OK payments to residents of about $3,200

By Becky Bohrer in Juneau JUNEAU, Alaska (AP) — The Alaska Legislature approved a state spending package late Wednesday that would pay residents about $3,200 this year after a vote that would have boosted the payout to about $3,850 narrowly failed in the House. A...

Saudi oil giant Aramco’s first-quarter profits surge 80%

  By Isabel Debre in Dubai DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and...

Venezuela plans stock sale of state-owned companies

  CARACAS, Venezuela (AP) — In a break from its socialist model, Venezuela’s government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses....

Biden cancels offshore oil lease sales in Gulf Coast, Alaska

By Matthew Daly in Washington WASHINGTON (AP) — The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record...

EXPLAINER: What’s the impact if Europe cuts off Russian oil?

The European Union’s executive commission has proposed phasing out imports of Russian oil within six months. It is part of Europe’s struggle to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of...