Lance also cautioned the federal government against any significant changes to the tax structure, saying it could have dire consequences for oil and natural gas investments.

BP’s profits have soared this year as Russia’s invasion of Ukraine has pushed up wholesale gas prices.

National supplies of  trucking fuel have remained flat heading into winter, which could mean higher prices across the country in the coming weeks.

Regulators have said Freeport needs to take a series of corrective actions that must be approved before a restart can happen.

About 1.1 million tons of high-sulfur fuel oil were being stored on vessels near Singapore and Malaysia.

The surge in supplies is sending prices lower, as the continent weans itself off Russian energy.

Upstart mining company European Lithium could become one of Europe’s only sources of a key metal for electric-vehicle batteries.

Importers argue the shipments aren’t covered by EU sanctions, yet the trade runs counter to the EU’s efforts to deprive Russia of fossil-fuel revenues.

A vast shadow fleet of tankers with unknown owners is being amassed to service Moscow’s interests, despite the harshest sanctions on Russian exports in history.

In the U.S., Tesla grabs most of the headlines about electric vehicle sales, followed by the major American automakers. But it’s China that’s racking up dominance in EV production globally.