Oil
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Economy
Angola to Quit OPEC in Dispute Over Oil Production Levels
Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower…
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World
Stakes Change, but an Old Fight Over a Chunk of South America Flares Again
It was the depths of the Cold War in the 1960s, and Caracas was on edge. Marxist guerrillas in Venezuela…
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Economy
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
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Economy
What Does the Red Sea Crisis Mean for Oil Prices?
The Latest Energy companies like BP and shipping companies that transport crude oil have stopped sending some tankers through the…
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World
BP Pauses Oil Shipments Through Red Sea Amid Fears of Attacks
Global oil prices jumped on Monday after the energy giant BP said it had stopped sending tankers through the Red…
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Economy
Oil Companies Are Fine With Call to Move Away From Fossil Fuels
At the United Nations climate conference, the final statement included elements that pleased oil and gas producers.
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World
What It Really Takes to Fix a Monstrosity Like Climate Change
I live at the base of Basalt Mountain, an ancient volcano that tops out at nearly 11,000 feet in the…
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Economy
Occidental Is Latest Oil Company to Buy a Smaller Producer
The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and…
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Economy
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
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Economy
Biden’s Absence at Climate Summit Highlights His Fossil Fuel Conundrum
The president is facing some pressure to focus on oil drilling and gas prices at home, while boosting climate ambition…