Oil prices fell after OPEC Plus’s year-end gathering failed to produce substantial cuts in output. But the group said Brazil, an oil giant, was expected to join.
Category: Oil (Petroleum) and Gasoline
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Emirati Fund to Invest Billions in U.S. Firms for Climate Projects
An Abu Dhabi fund is expected to invest at least $30 billion in climate projects with some of the biggest names in North American finance.
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COP28 Begins With Fossil Fuels, and Frustration, Going Strong
After decades of meetings, nations still haven’t agreed to curb the main driver of global warming.
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The Dilemmas of the U.A.E., a Petrostate, Preparing to Host COP28
Climate activists have balked at the fact that a leading oil producer, the United Arab Emirates, is hosting this year’s U.N. climate talks. But Emirati officials say they, too, are grappling with hard questions.
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In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
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Missing COP28 Summit Complicates Biden’s Climate Credentials
The president is facing some pressure to focus on oil drilling and gas prices at home, while boosting climate ambition on the world stage.
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U.S. Gas Prices Drop Ahead of Thanksgiving Travel
With OPEC Plus members in disarray over production levels, oil prices have fallen nearly 20 percent in three months.
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In a Warming World, Clean Energy Stocks Fall While Oil Prospers
The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says.
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Risk of a Wider Middle East War Threatens a ‘Fragile’ World Economy
After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.