The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach” to renewable energy.
Category: Oil (Petroleum) and Gasoline
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Oil Giants, After Surge in Profits, Are Wary About Spending
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
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IMF Upgrades Global Economic Outlook as Inflation Eases
The International Monetary Fund said the world economy was poised for a rebound as inflation eases.
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China’s Oil and Gas Use Fell in 2022 for First Time in Decades
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
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A United Europe Weathers Crises, but Deeper Challenges Remain
Differences on NATO and E.U. enlargement, energy and climate, and relationships with the United States, China, Russia and Ukraine will prime Davos talks.
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The War in Ukraine Upended Energy Markets. What Does That Mean for the Climate?
Almost a year after Russia launched its invasion, assessing the impact on the oil industry and greenhouse gas goals is not so simple.
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Inflation Is Slowing, Good News for American Consumers and the Fed
Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Inflation slowed last month thanks to cheaper fuel and airfares.
The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Powell Says Fed ‘Will Not Be’ a Climate Policymaker
In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
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Biden Administration to Buy Three Million Barrels of Oil
The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.