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WASHINGTON, April 18 (Reuters) – The U.S. Securities and Exchange commission (SEC) says it has charged 16 defendants with participating in multiyear penny stock schemes that generated more than $194 million in illicit proceeds. The defendants, which include 15 individuals and one company, are located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the […]
Oil-company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline-price gouging at the pump, where drivers last month paid record-high prices per gallon. The rise in the cost for gasoline came amid a spike in crude-oil prices CLK22, +0.02%
NEW YORK, March 30 (Reuters) – The Biden administration is considering temporarily removing restrictions on summer sales of higher-ethanol gasoline blends as a way to lower fuel costs for U.S. consumers, three sources familiar with the matter told Reuters. The review comes as President Joe Biden seeks to tame soaring pump prices, which hit a […]
The United Arab Emirates’ energy minister on Wednesday defended OPEC and its allies’ decision to not increase oil supply to the market, despite U.S. pressure to pump more. “I would encourage people to calm, trust us,” Suhail al-Mazrouei told CNBC’s Hadley Gamble from the Adipec energy forum in Abu Dhabi. Al-Mazrouei said he has received […]
White House: OPEC+ output not enough, may harm global recovery API says U.S. crude, gasoline stocks fell last week Goldman lowers China demand outlook as Delta variant surges Coming up: EIA inventory report, 1430 GMT LONDON, Aug . . .