The kingdom said its move to reduce oil production by one million barrels a day would continue through September.
Category: Oil (Petroleum) and Gasoline
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BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.
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British Government Signals Support for Oil and Gas Industry
With a general election expected next year, the government said it would issue new licenses for energy exploration in the North Sea.
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
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Shell Reports Sharply Lower Earnings as Energy Prices Ease
After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.
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Airlines Are Thriving as People Keep Traveling
Three large U.S. airlines have reported strong quarterly sales and profits in recent days because of strong demand, high fares and relatively low fuel prices.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Oil Prices Rise on Saudi and Russian Production Cuts
The major exporters announced production cuts amid concerns about weaker demand’s effects on prices.
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Why Car Repairs Have Become So Expensive
More technology and creature comforts, as well as a parade of new electric vehicles, have complicated the job after accidents.
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Opposition Grows to U.S. Imports of ‘Laundered’ Russian Oil
Human rights groups and Ukrainian officials want the United States to stop buying Russian crude oil that has been refined into other products in third countries like India
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North Sea Sees Potential Shift from Oil and Gas to Renewable Energies
The offshore wind industry continues to grow as nations look to change Europe’s oil and gas hub into a major source of renewable energy.