The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation.
Category: Oil (Petroleum) and Gasoline
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Rising Oil Prices Reignite Inflation Fears
The price of Brent crude rose to a six-month high on Friday, a potential dose of bad news for central bankers and for the White House.
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Plan to Stash Pollution Beneath the Sea Could Save Money and Jobs
The Italian energy giant Eni sees future profits from collecting carbon dioxide and pumping it into natural gas fields that have been exhausted.
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New Rules Will Still Push Carmakers to Sell More Electric Cars
New Biden administration auto rules are less forceful than an earlier proposal but will still add to market pressure for cheaper electric vehicles.
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OPEC to Extend Oil Production Cuts Through June
Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest.
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Exxon Raises Questions About Chevron’s $53 Billion Deal for Hess
Exxon may try to upend its rival’s megadeal. The prize is a 30 percent stake in the oil-rich fields off the coast of Guyana.
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Ross Gelbspan, Who Exposed Roots of Climate Change Deniers, Dies at 84
A longtime investigative journalist, he wrote books and articles that documented a campaign of disinformation intended to sow doubt about global warming.
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Two Big Texas Oil Producers Announce $26 Billion Merger
Diamondback Energy and Endeavor Energy Resources are both major players in the booming Permian Basin.
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How Two Irish Businessmen Almost Took Nigeria for $11 Billion
A mundane contractual provision met with rampant corruption — revealing a serious vulnerability in one of the backbones of international commerce.
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How Ford’s F-150 Lightning, Once in Hot Demand, Lost Its Luster
Some buyers said the electric Lightning did not meet expectations, and Ford has slashed its production plans for the pickup because sales are lagging.