California’s lawsuit against oil giants mirrors a legal strategy used in the 1990s against the tobacco industry.
Category: Oil (Petroleum) and Gasoline
-
As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.
-
$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
-
Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
-
California Sues Oil Giants, Claiming Decades of Deception
Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.
-
Rising Gas Prices Provide Fodder for Republican Criticism of Biden
An expected jump in the latest inflation reading will almost certainly provoke broadsides from Republicans who hammered Mr. Biden over high gas prices throughout last summer.
-
BP’s Chief, Bernard Looney, Resigns Over Relationships
Mr. Looney, a longtime BP employee who was named chief executive in 2020, agreed to step down immediately, the board said.
-
$100 Oil? What a Price Spike Could Mean for the Global Economy
Analysts see Brent crude climbing to levels last seen in the first months of the Ukraine war after Saudi Arabia and Russia extended production cuts.
-
Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia
The move reflected renewed efforts by the two major exporters to bolster the price of crude.
-
Investors Feel Anxious Despite Falling Odds of a Recession
Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.
-
Will Inflation Keep Slowing? The Key Areas to Watch
Will inflation continue to slow at a solid pace? Economists are warily watching a few key areas, like housing and cars.