Blinken: US, allies discuss Russia oil imports

WASHINGTON — U.S. Secretary of State Antony Blinken says the United States and its allies are having a “very active discussion” about banning the import of Russian oil and natural gas in the latest escalation of their sanctions in retaliation for its invasion of...

Oil driller invests in carbon-capture pipeline for Midwest

By James Macpherson in Bismarck BISMARCK, N.D. (AP) — North Dakota’s biggest oil driller said Wednesday it will commit $250 million to help fund a proposed pipeline that would gather carbon dioxide produced by ethanol plants across the Midwest and pump it thousands of...

Pelosi supports halting Russian oil imports to US: ‘Ban it’

By Lisa Mascaro in Washington WASHINGTON (AP) — Amid the escalating war in Ukraine, House Speaker Nancy Pelosi said Thursday she supports banning Russian oil imports to the U.S., a hefty nod that could strengthen President Joe Biden’s hand as global allies seek...

Ukraine war upends Biden’s agenda on energy, climate change

WASHINGTON (AP) — As Russian troops move deeper into Ukraine, President Joe Biden is taking steps to rein in rising energy costs even if those moves run counter to his agenda for addressing climate change. Biden announced on Tuesday that he is releasing 30 million...

Higher oil prices push Sri Lanka into deeper economic crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka’s already dire economic crisis has deepened as oil prices hover near $110 a barrel. Vehicles are stranded with empty tanks, power cuts are depriving students of study time for exams and shopping mall air conditioners are being...