Oil prices fell by 4.5% on Wednesday as US President Joe Biden made move to cut fuel costs for drivers, with Brent crude hitting $109 per barrel – it’s lowest levels in over a month. Biden announced that he hopes to temporarily suspend the federal tax of 18.4 cents per gallon on gasoline as the country, which is the world’s largest oil consumer, struggles to tackle soaring gasoline prices and inflation. The record forecast spending of $2.4 trillion on renewable energy this year will still fall short of the levels needed to sufficiently tackle climate change, according to the IEA. US firm C-Zero says it has developed a technology for natural gas to hydrogen manufacture and it has closed…