Oil
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Finance
Fact-Checking the Republican National Convention on Energy Claims
Several speakers focused on the sharp rise in gas and electricity prices under President Biden. We scrutinized their statements.
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Finance
The World Is Pushing Clean Energy. Oil Companies Are Thriving.
High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater…
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World
Cooking Oil in Dirty Fuel Tankers? Report Raises Alarms in China
Officials said they would start an investigation after a newspaper reported that a tanker used to carry liquefied coal was…
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World
New Plan to Target Russia’s Oil Revenue Brings Debate in White House
Treasury officials want to impose penalties on tankers that help Russian oil evade sanctions. White House aides worry that risks…
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World
Oil Projects Must Consider Full Climate Impact, Top U.K. Court Rules
Previously, local council and planning groups in Britain had to weigh only the planet-warming emissions from their own operations.
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Finance
OPEC Plans a Gradual Unwinding of Production Cuts
The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out…
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Finance
OPEC to Meet Amid Signs of Waning Influence on Oil Prices
Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production…
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Finance
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to…
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Finance
Another Big Oil Deal Despite Regulatory Pushback and Market Volatility
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign…
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Finance
Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.