Oil

Business

U.S. Imposes First Sanctions for Violations of Russian Oil Price Cap

The Treasury Department called the action a new phase of enforcement of a policy to starve Russia of oil revenue.

Newyork

China’s Economic Stake in the Middle East: Its Thirst for Oil

China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if…

Business

Exxon Mobil Strikes $60 Billion Deal for Shale Giant

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in…

News

Oil Prices Were Going Down Again. Then War Started in the Middle East.

After a surge this summer when oil prices approached $100 a barrel, the cost of crude was tumbling again. Now…

Business

Diesel Prices Could Keep Inflation High

The cost of the fuel has been rising in recent weeks and could spike this winter because of supply problems,…

Newyork

Venezuela’s Oil Industry Is Broken. Now It’s Breaking the Environment.

Each morning, José Aguilera inspects the leaves of his banana and coffee plants on his farm in eastern Venezuela and…

News

A New French Hotel, Perched on a Cliff

Plus: naturally dyed table linens, a memorial in the form of a closet and more recommendations from T Magazine.

Business

Nations Aim to Zero Out Shipping Emissions by Midcentury

Regulators reached a provisional deal on how quickly the transition to zero-emissions fuels should happen for cargo ships, which often…

News

The ruble hits early war lows, extending a slide that began after Prigozhin’s mutiny.

The Russian ruble slid to lows unseen since the weeks after Moscow launched its invasion of Ukraine, amid fallout from…

News

From ‘Pariah’ to Partner, Saudi Leader Defies Threats to Isolate Him

Crown Prince Mohammed bin Salman has repeatedly leveraged Saudi Arabia’s wealth and influence to overcome international condemnation of the kingdom’s…

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