U.S. Steel Plans to Switch Mill to Pig Iron From Steel
United States Steel said it plans to end steel production at its Granite City, Ill., mill and use the plant to produce pig iron. Pig iron is ore reduced to…
G-7 Bid to Cap Russian Oil Price Faces Hurdle of Global Enforcement
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G-7 Summit Exposes West’s Challenges in Tackling Russia
BERLIN—The Group of Seven rich democracies ended their summit with an agreement to discuss a batch of new sanctions against Russia, but the gathering underlined the limits of using economic…
Oil Tanker Is Stopped by U.S. in Transit From Russian Port to New Orleans
U.S. authorities have stopped a ship traveling from Russia to Louisiana with a cargo of fuel products, say people familiar with the matter. The Daytona tanker is owned by Greek…
Biden Says He Is Near Decision on Backing Federal Gasoline-Tax Holiday
WASHINGTON—President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by the end of the week, as Americans deal with soaring…
Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe
BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled…
Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe
BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled…
Colombia Election Weighs On Future of Oil Sector
PUERTO WILCHES, Colombia—In a baking-hot town in the middle of vast palm-tree plantations, engineers and geologists are preparing a pilot fracking program that they say could keep Colombia energy-independent for…
World’s Biggest Miner Scraps Immediate Thermal-Coal Exit
ADELAIDE, Australia—The world’s largest mining company abandoned the sale of its last thermal coal mine, and said it would aim to close the Australian pit in 2030. Despite record-high coal…
EU Signs Gas Deal With Israel, Egypt in Bid to Wean Itself off Russian Supplies
The European Union signed an agreement with Israel and Egypt to boost gas shipments on Wednesday, tapping into the gas riches of the eastern Mediterranean as it races to secure…
