Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Category: Natural Gas
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Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
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Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis
The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
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Stocks Tank in Asia as Oil Price Surges
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
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Natural Gas Prices Surge After Attacks Hit Facilities in Qatar
Qatar said it had halted production of liquefied natural gas, forcing buyers to compete for supplies elsewhere.
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Germany’s Oil and Gas Output Is Dwindling as Prices Rise
Natural gas production in Germany has fallen about 80 percent in the past two decades even as the country seeks to replace flows from Russia.
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Energy Bills Have Soared Recently. How Can States Bring Costs Down?
Energy experts said that governors and legislatures have tools to keep electricity prices from rising further, and might even be able to lower them.
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Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall
The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.