“Encouraged.” It’s the response of Chesapeake Energy leader Dominic J. Dell’osso to the deal announced Friday by President Biden and European Union leaders for the US to supply more natural gas to Europe during the Russian invasion of Ukraine. Dell’osso, Chesapeake’s CEO and President told CNBC’s “Power Lunch“ program the US definitely has the …
March 26, 2022 archive
Oil prices shot up after terrorist attack
A missile attack on an oil distribution facility in Saudi Arabia sparked crude prices to increase to more than $120 a barrel at one point in Friday’s trading before prices settled for the day. West Texas Intermediate crude for May delivery rose $1.56 or 1.39% to settle at $113.90 a barrel on the New …