Iraq Wants To Buy Exxon’s Stake In Key Oil Field

OilPrice.com | Jun 20, 2022 at 12:30 PM
  • Moving to renewable energy is the way to reduce the energy costs of households, Treasury Secretary Janet Yellen told ABC’s George Stephanopoulos this weekend.
  • Yellen went on to suggest that oil producers were “partly caught unaware” by the strength of the post-pandemic recovery of the economy and were in no position to meet the oil demand that came with this stronger-than-expected recovery.
  • Asked about whether a pause in the national gas tax was also among the tools the White House was ready to use as a short-term relief for drivers, Secretary Yellen confirmed it was on the table.