Oil

Business

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…

Newyork

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…

News

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…

News

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.

Business

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…

Business

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…

Business

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…

Business

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…

Business

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.

News

Ukraine Strikes More Russian Oil Facilities in a Bid to Disrupt Military Logistics

Analysts say Ukraine is trying to disrupt the Russian military’s logistical routes and combat operations by targeting the facilities that…

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