Category: Oil (Petroleum) and Gasoline

Russia and Saudi Arabia’s Oil Partnership Shows Strain

Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
Saudi Arabia Cuts Oil Production to Boost Prices

Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month.
Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices

OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month.
OPEC Plus May Consider Cuts in Oil Production

The group of major oil producers and Russia will meet this weekend to discuss a swoon in oil prices.
Markets Rise as Debt Ceiling Deal Moves to the Senate

Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.
Reassessing Engine No. 1’s Fight Against Exxon Mobil

As investors press Exxon Mobil on climate issues, activists say that a hedge fund’s eco-focused victory over the oil giant two years ago has achieved little.
Climate Shareholder Activists Rethink Their Fight Amid Setbacks

Climate-focused shareholder activists have scored only a few victories in their efforts to push oil giants to adopt cleaner business strategies.
Gasoline Prices, a Source of Pain Last Year, Have Come Way Down

Reasons include a stronger supply of oil and weaker-than-expected demand, energy experts say. Some people are saving hundreds of dollars on fuel.
Vary Energy Leans on Manure to Provide a Greener Future

Varo Energy, a Swiss provider of gasoline and diesel, is charting a path to lower carbon energy by relying on farm waste and used cooking oil.
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia

Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia

Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
Why Some Countries Find It Hard to Move Away From Fossil Fuels

Trinidad and Tobago is the No. 2 exporter of liquefied natural gas in the Americas. Its output has been falling, but it remains committed to fossil fuels.