Energy Agency: 10 Steps to Save 2.7 Million Barrels of Oil a Day
BERLIN — The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel, helping easing the supply crunch caused by Russia’s invasion of Ukraine.
March 18, 2022US Slashes Russia Trade Status
WASHINGTON — President Joe Biden announced March 11 the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.
March 11, 2022California County Rejects Exxon Plan to Truck Oil
SANTA MARIA, Calif. — A bid by Exxon Mobil to restart offshore oil wells shut down in 2015 after a pipeline leak caused the worst coastal spill in 25 years was rejected March 8 amid lingering environmental concerns.
March 9, 2022Fuel Prices to Climb Higher as US Bans Russian Oil Imports
WASHINGTON — President Joe Biden announced March 8 the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. But he acknowledged it will bring costs to Americans, particularly at the gas pump.
March 8, 2022GM Loses Bid to Skip Recall for Lights That Are Too Bright
DETROIT — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.
March 4, 2022Musk Invites UAW to Hold Organizing Vote at Factory
DETROIT — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, Calif.
March 3, 2022Biden Hits Russia With Sanctions, Says Putin ‘Chose’ War
President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.
February 24, 2022Stellantis Reaps $15 Billion Profit in First Year of Merger
FRANKFURT, Germany — Automaker Stellantis said Feb. 23 that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group and would pay out record profit-sharing checks to unionized U.S. workers.
February 23, 2022Ottawa Police Arrest Dozens After 3-Week Protest
OTTAWA — Police began arresting protesters Feb. 18 in a bid to break the three-week-long string of protests around Canada’s capital by hundreds of truckers angry over the country’s COVID-19 restrictions.
February 18, 2022Intel Says It Will Buy Tower Semiconductor for $5.4 Billion
SANTA CLARA, Calif. — Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips.
February 15, 2022