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Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
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Oil (Petroleum) and Gasoline
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Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen…
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Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on…
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
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U.S. Payoff for Ukraine Minerals Deal Faces Many Hurdles
Now that the United States has secured a deal to share the rights to Ukraine’s mineral reserves — including elements crucial for a range…
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Russia Is Wooing Western Energy Companies, but Will They Return?
Kremlin officials are dangling the prospect of lucrative investment deals for American energy companies, apparently seeking to convince…
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Austria, a Longtime Buyer of Russian Gas, Tries to Break the Habit
Just a few minutes’ walk from a metro station in the northeast corner of Vienna, you might think that you were in Texas: A drilling rig…
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Ukraine Rejects U.S. Demand for Half of Its Mineral Resources
President Volodymyr Zelensky of Ukraine, during a closed-door meeting on Wednesday, rejected an offer by the Trump administration to…
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Chevron to Lay Off Up to 20% of Staff
Chevron, the second-largest U.S. oil and gas company, said on Wednesday that it would lay off as much as 20 percent of its work force, or…
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How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries
The largest refinery in the Midwest will have an unpalatable choice if President Trump imposes tariffs on Canadian oil: Pay more for the…
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From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers
President Trump’s tariffs target countries that are major suppliers of a wide range of goods to the United States. For American families,…
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Trump’s Tariffs Would Reverse Decades of Integration Between U.S. and Mexico
When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with…
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The World Economy Awaits Trump’s First Round of Tariffs
President Trump’s threats to enact stiff tariffs on Canada, Mexico and China on Saturday have left the world trading system on edge as…
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Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Oil and gas companies in the United States are bracing for the possibility that President Trump will thrust their businesses into disarray…
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Shell and Equinor Oil and Gas Production Is Blocked at Sites Off British Coast
A court in Scotland blocked the production of oil and gas on Thursday at two large project sites being developed in British waters until…
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Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t…
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E.V. Owners Don’t Pay Gas Taxes. So, Many States Are Charging Them Fees.
Owners of electric cars in Vermont recently got a letter from the Department of Motor Vehicles with some bad news. Starting Jan. 1 they…
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Trump’s Inflation Fix Centers on Energy Emergency That Doesn’t Exist
President Trump has put unleashing American energy production at the center of his economic agenda, saying that ramping up fossil fuel…
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Chevron to Increase Output at Huge Oil Field in Kazakhstan
Chevron said Friday that it had completed an expansion at its Tengiz oil field in Kazakhstan intended to increase production this year to…
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Trump Wants to Unleash Energy, as Long as It’s Not Wind or Solar
President Trump is moving to restructure the nation’s energy future to block any transition away from fossil fuels. And he is testing the…
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Oil Tycoon Harold Hamm Throwing an Inauguration Day Party
Harold G. Hamm, the billionaire oil and gas executive who helped bankroll Donald J. Trump’s campaign and stands to profit from his energy…
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U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector
The United States on Friday announced new sanctions targeting Russia’s energy sector and its “shadow fleet” of oil tankers in what could…
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U.S. Ambassador Says China Is Aligned With ‘Agents of Disorder’
The United States ambassador to China, R. Nicholas Burns, said the Biden administration is making a last push to try to persuade China to…