The military strikes jolted investors, raising concerns that a broader Mideast conflict would disrupt the world’s energy supplies.
Category: Oil (Petroleum) and Gasoline
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OPEC Plus Members Say They Will Fast-Track Oil Output
Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases.
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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Oil Companies Are Sued Over Death of Woman in 2021 Heat Wave
Experts said it is the first wrongful death case targeting fossil fuel companies over their role in global warming.
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Electric Vehicles Died a Century Ago. Could That Happen Again?
Battery-operated vehicles were a mainstay more than a hundred years ago, but only a few still exist — one happens to be in Jay Leno’s garage.
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A Decade-Long Search for a Battery That Can End the Gasoline Era
Can a small Massachusetts start-up perfect a battery that would make electric vehicles cheaper and more convenient than conventional cars?
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Oil Prices Slide Further on Plans to Increase Supply
U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.
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Oil Prices Are Falling. Here’s Where That Could Spell Trouble.
For countries that depend heavily on oil revenue, dropping prices are worrisome.
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Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may be trying to appease President Trump, who has pushed for lower prices.
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.