In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts.
Category: Oil (Petroleum) and Gasoline
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The Biggest U.S. Oil Companies Are Eliminating Thousands of Jobs
ConocoPhillips of Houston on Wednesday announced plans to reduce its global work force by up to 25 percent.
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Chevron’s Boss Says the World Will Need Oil for a ‘Long, Long Time’
Mike Wirth, who has seen many booms and busts over the more than 40 years he has been with the energy giant, said that “when the world stops using oil and gas, we’ll stop looking for it.”
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Alaska Produces a Ton of Gas. Soon, Its Biggest City Might Not Have Enough.
The looming energy crisis in Anchorage offers a lesson in the downsides of relying on fossil fuels.
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Can Cadillac Keep Selling E.V.s as Trump Repeals Climate Policies?
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
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The Tycoons Who Profit From India’s Thirst for Russian Oil
President Trump’s new front in the trade war against India focuses on a pair of enormous refineries with extraordinary owners.
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India Will Buy Russian Oil Despite Trump’s Threats, Officials Say
President Trump said last week that he would punish India if it did not cut off Russian oil imports, but he did not specify what the penalty might be.