More efficient manufacturing, falling battery costs and intense competition are lowering sticker prices for battery-powered models to within striking distance of gasoline cars.
Category: Oil (Petroleum) and Gasoline
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OPEC Plans a Gradual Unwinding of Production Cuts
The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be seen.
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OPEC to Meet Amid Signs of Waning Influence on Oil Prices
Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production cuts amid signs of a softening market.
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ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.
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ConocoPhillips to Buy Marathon Oil as M.&A. Frenzy Continues
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.
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As Interest in Clean Energy Grows, Saudi Arabia Eyes a Future Beyond Oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
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Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
Hurdles remain as Chevron and Exxon Mobil wage a legal battle over Hess’s stake in a lucrative oil project in Guyana.
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European Oil Giants Consider Shifting Their Listings to the U.S.
TotalEnergies and Shell are contemplating the advantages of listing shares in the United States to strengthen what they say are low market valuations.
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Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.
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F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.
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Bulgarian Distrust of Russia Simmers Over a Black Sea Oil Terminal
Russia has been losing its grip on the Rosenets Oil Terminal, near the port city of Burgas, as Bulgarian authorities seek to assert greater control over the Russian-run facility.