Many nations insist on not taking sides in the war in Ukraine, while China, India and Brazil are filling Russia’s coffers.
Category: Oil (Petroleum) and Gasoline
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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.
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BP to Increase Oil Output, New Chief Says
Murray Auchincloss signaled that he would take a more profit-oriented approach than his predecessor, who started a big push into renewables.
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Oil Giants Pump Their Way to Bumper Profits
Exxon and Chevron reported robust earnings and large payouts to investors as they continued to expand their fossil-fuel production.
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Saudi Aramco Abruptly Drops Plans to Expand Oil Production
The pullback, at the behest of the Saudi government and made with little comment, probably reflects a more subdued outlook for demand of Saudi Arabia’s oil.
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White House Said to Delay Decision on CP2, a Liquid Natural Gas Export Terminal
Before deciding whether to approve it, the Energy Department will analyze the climate impacts of CP2, one of 17 proposed LNG export terminals.
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Shipping Costs Soar in Wake of Red Sea Attacks
Ships risking Houthi attacks must pay high insurance premiums, while vessels avoiding the region lose time going around Africa.
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Hybrid Cars Enjoy a Renaissance as All-Electric Sales Slow
Automakers like Ford, Kia and Toyota are offering more hybrid options to appeal to buyers who aren’t ready for fully electric vehicles.