Politics
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,…
Tag
Oil (Petroleum) and Gasoline
Politics
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…
Business
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…
News
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…
Business
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…
News
Oil Prices Tumble as China-U.S. Tariffs Weaken Economic Confidence
U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he…
Politics
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic…
Business
Oil and metals prices fall on concerns about the global economy.
Oil prices plunged Thursday on fears that President Trump’s latest round of tariffs would slow economic growth around the world, curbing…
Business
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…
News
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…
Politics
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…
Business
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…
Politics
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…
Politics
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,…
Politics
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…
Politics
Trump Will Hit Mexico, Canada and China With Tariffs
President Trump plans to move forward with imposing stiff tariffs on Mexico, Canada and China on Saturday, in an attempt to further…
Politics
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…
Politics
Doug Burgum Is Confirmed by Senate as Interior Secretary
Doug Burgum, a promoter of oil and gas, was confirmed by the Senate on Thursday to lead the Interior Department, a role in which he will…
Politics
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…
Politics
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…
Politics
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…
News
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…
Business
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…
Politics
Trump's Energy and Border Emergencies Advance His Own Interests
President Trump’s return to the Oval Office came with emergency declarations for the country’s energy sector and the southern border,…