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Oil Embargo II or more
Source: Saudis, other oil giants announce surprise production cuts | AP News
DUBAI, United Arab Emirates (AP) — Saudi Arabia and other major oil producers on Sunday announced ... cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.
Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation.
It was also likely to further strain ties with the United States, which has called on Saudi Arabia and other allies to increase production as it tries to bring prices down and squeeze Russia’s finances.
The production cuts alone could push U.S. gasoline prices up by roughly 26 cents per gallon, in addition to the usual increase that comes when refineries change the gasoline... -
New EV rules mean fewer models eligible for tax credit
New EV Rules Mean Fewer Models Eligible for Tax Credit - WSJ
Biden administration says it aims to reduce U.S. reliance on batteries and minerals from China
The new criteria for the electric-vehicle tax credit will take effect on April 18, when a list of models that qualify is issued.PHOTO: JUSTIN SULLIVAN/GETTY IMAGES
By Yuka Hayashi
and Richard RubinUpdated March 31, 2023 5:41 pm ET
155
WASHINGTON—The Biden administration detailed new criteria for...
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