Category: Oil (Petroleum) and Gasoline

U.S. Oil Production Is Booming. Oil Jobs Are Not.

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
Oil Tycoon Harold Hamm Throwing an Inauguration Day Party

Harold G. Hamm, the founder of the Oklahoma-based Continental Resources, and other oil and gas companies stand to profit from Donald Trump’s energy policies.
U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector

The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.
R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’

R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.
Trump’s Plans to Scrap Climate Policies Has Unnerved Green Energy Investors

President-elect Donald J. Trump is expected to roll back many of the rules and subsidies that have attracted billions of dollars from the private sector to renewable energy and electric vehicles.
Britain’s Falling Oil Output Leaves Jobs and Skills at Risk

The government wants to rapidly replace oil and natural gas with clean energy, but offshore wind and other alternatives are still in their early stages.
Oil Markets Shrug Off Overthrow of Syria’s al-Assad

Traders appeared to be more concerned about tepid global growth and an oversupply from other producers than about Bashar al-Assad’s ouster.
OPEC Plus Postpones Plan to Increase Oil Output for Three Months

The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other countries to raise production.
North Carolina Town Sues Duke Energy Over Climate Change

Carrboro accused Duke, one the nation’s largest utility companies, of ignoring data about climate change while increasing use of fossil fuels.
For Canada, Trade Tumult From Trump’s Return Has Begun

While the president-elect says he will impose a 25 percent tariff on everything Canada exports, Trudeau remains confident about forestalling that outcome.
Saudi Arabia and Russia Block Mention of Fossil Fuel Exit in Climate Resolution

A handful of oil-producing nations ensured that a United Nations General Assembly resolution on climate change steered clear of a call to transition away from fossil fuels.
Trump Promised to Halve Energy Costs in 18 Months. Experts Have Doubts.

A president has little control over global oil markets, economists say.