The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices.
Category: Oil (Petroleum) and Gasoline
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How India Became One of the Biggest Buyers of Russian Oil
President Trump upended trade negotiations with India by making the purchase of crude oil a sticking point.
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Trump Urges the U.K. to Drill More Oil, Criticizing Its Energy Policy
President Trump said the North Sea was a “treasure chest,” but its high taxes were driving away oil producers.
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The Country Where 76% of Cars Sold Are Electric
Subsidies, hydroelectricity and a manufacturing powerhouse neighbor are moving the cars into Nepal faster than almost anywhere else.
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Canadian Company Claims to Find Large Oil Reserves in Poland
The firm’s chief executive said that the field in the Baltic Sea might eventually produce up to 40,000 barrels of oil a day, making it the largest discovery in Northern Europe in more than a decade.
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Chevron Wins Green Light to Buy Into One of World’s Hottest Oil Projects
An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil projects in the world.
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OPEC Plus Agrees to Pump More Oil in August
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.
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BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong?
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.
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Summer Gas Prices at 4-Year Low as Israel and Iran Agree to Cease-Fire
A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.
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How Japan and Alaska Pioneered the Global Market for L.N.G.
The leading role the United States plays in liquefied natural gas traces its roots to a small Alaskan outpost that began shipping the fuel to Japan in 1969.
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Stocks Rise and Oil Prices Fall as Israel-Iran Cease-Fire Begins
A second day of declining oil prices helped lift stocks. Energy costs are a primary expense for companies, making them an important factor in inflation calculations.
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White House Faces Risk of Economic Fallout From Iran Strike
President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”