Category: Oil (Petroleum) and Gasoline

Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy

Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
Hatching the Automobile’s Future in a Cloistered Los Angeles Lab

Desperate to catch up with Chinese automakers, Ford is redesigning its fleet with a Silicon Valley-style team. Is it too late?
Canada Lifts Climate Laws for Alberta Oil Sands, Planning Pipeline

Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the country’s economic dependence on the United States.
As Sanctions on Russian Oil Loom, India Prepares to End Its Buying Spree

India has been snapping up discounted Russian crude for three years, but U.S. sanctions that take effect on Friday are expected to end the lucrative trade.
Iran Releases Tanker It Seized From the Strait of Hormuz

The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
After Climate Push, Energy Companies Return to Fossil Fuels in Europe

Recent oil and gas deals in Europe suggest that the growing demand for energy may be leading companies to adopt a more pragmatic approach.
The Global Climate Leadership Vacuum

The United States is largely absent from the United Nations climate negations in Brazil. So who is stepping up?
Missing at U.N.’s Climate Meeting: American Executives

Many business leaders are skipping the annual United Nations climate summit in Belém, Brazil, or are attending events in other cities.
Trump Tries to Seize ‘Affordability’ as Americans’ Economic Worries Grow

The issue has buoyed Democrats and is resonating with an American electorate that is souring on the president’s economic agenda.
OPEC Plus Signals Cautious Approach to Oil Production

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.
Exxon’s and Chevron’s Profits Fall as Oil Prices Stay Low

But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
Trump Opens ANWR to Oil Drilling

The Interior Department also said it would allow a contentious road to be built through the Izembek National Wildlife Refuge in southwestern Alaska.